Under Offer
Retail
321 Leith Walk, Leith, Edinburgh, EH6 8SA
Tenure: To Let
Size: 786 sq ft (73 sq m)
Rent: Offers Over £15,000 Per Annum

Key Features

  • Attractive shop premises in the heart of Leith Walk
  • Benefits from usable basement for storage space
  • May suit a hot food takeaway use (subject to planning)
  • Close proximity to Balfour Street tram stop
  • Approximate Net Internal Area of 73.02 sq m (786 sq ft)

The subjects form part of a four storey, traditional stone-built tenement with the upper floors in residential use.

Arranged over ground and basement the subjects comprise a shop premises with a double window glazed frontage and prominent signage space above. 

The front shop is currently laid out with a customer waiting area and staff counter.  To the rear is a staff/office area and storage.

The basement is accessed by an accessible staircase and providing further usable storage space and a WC compartment.

Leith Walk is a principal commercial thoroughfare in Edinburgh city centre situated approximately 1.5 miles north of Princes Street.

The subject property is situated at the midway point of Leith Walk located on its east side close to the corners of Iona Street and Dalmeny Street.

Leith Walk has recently fully reopened to traffic following works to install an extension to Edinburgh Trams, resulting in increased footfall and passing traffic.

The nearest tram stop is Balfour Street whilst metered parking is available on Leith Walk and surrounding streets.

Other commercial occupiers in the area include: First Mortgage, Epoca Vintage Clothing Shop and Braid Vets.

Accommodation

According to our recent measurement survey the premises contain the following approximate net internal area:

73.02 sq m (786 sq ft)

Rent

Our client is seeking rent offers over £15,000 per annum to grant a new lease.

Terms

The premises are available for immediate lease on full repairing and insuring (FRI) terms for a period to be agreed.

Town planning

We understand the premises is currently consented for Class 1A use but has historic planning approval for hot food takeaway which has now lapsed.  Interested parties should make enquiries with City of Edinburgh Council planning department.

Rateable value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects are listed as a Shop and Restaurant at 321-331 Leith Walk with a Rateable Value of £40,400 effective 1st April 2023.  The premises are connected to the adjoining ‘Antonietta’ restaurant at 325-331 Leith Walk and will require to be formally reassessed . The uniform business rate for the current year is £0.498 pence in the pound.

Utilities

The property is served by mains electricity and water.

Energy performance certificate

The Energy Performance Certificate rating is D.

A copy of the recommendation report is available on request.

Legal costs

Each party shall bear their own legal costs with the eventual purchaser liable for any Registration Dues or LBTT thereon.

Anti-money laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017.  This now requires us to conduct due dilligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.

Entry

Upon completion of a formal missive under Scots Law.

Viewing and further information

By contacting the sole letting agent:

Iain W. Mercer BA, AssocRICS

Director of Commercial Agency (East)

0131 357 4455 / 07713 626 887

Iain.mercer@alliedsurveyorsscotland.com

 

Bernadetta Majewska BSc (Hons)

Graduate Commercial Surveyor

0131 357 4455 / 07917 924 112

Bernadetta.majewska@alliedsurveyorsscotland.com

 

Iain W. Mercer

Director of Commercial Agency
Bernadetta Majewska

Commercial Surveyor - Agency and Valuation

Enquire about this property

"*" indicates required fields

Retail and Leisure Agency Team of the Year – Finalist

Retail and Leisure Team of the Year – Finalist

Industrial Agency Team of the Year - Finalist

Business Resilience Award – Finalist

I recently used Allied Surveyors for the very first time and was extremely impressed with the service provided. From the initial marketing aspect to them finding a very suitable tenant to lease my premises in Edinburgh. The whole process was run smoothly and very efficiently start to finish

Iain and his wider team recently sold two of our commercial properties in the Borders region for us. An excellent, very efficient and first-class service. Very pro-active in moving the sales along to conclusion. Highly recommended.

Iain, Berndetta and Lauren provided a seamless and thoroughly professional service during our recent commercial letting in Edinburgh. A fantastic experience and I’d have no hesitation in working with their team again.

Ellie is fantastic to work with. She goes over and above to ensure all our needs were met, right from the initial contact through to completion. She is thorough, professional and works hard to meet deadlines. A pleasure to work with. Thank you.

I have huge thanks for Simon and all at Allied Surveyors who are just the most wonderful company to deal with. Buying/selling a home can be a complex process and to give someone your time is such a simple thing yet often lost in the current world, Simon at Allied has given us just that as well as mountains of advice and a sharing of his knowledge. Thanks Again

We have just used Allied Surveyors for EPC for our properties on the Isle of Mull and found them to be excellent throughout the process. All contacts were friendly, clear, efficient and courteous and the surveyor was very knowledgeable and considered in his work on site. Would not hesitate to recommend them.

Never had an issue with Allied Surveyors. Mrs E Henderson was brilliant both with buying and selling my previous and current property. Would always use them as my first choice.

Quick and efficient service from Andy and his team - just as they said they would do. Special mention to Andy as he was actually on his holidays when he initially responded.

Allan from Allied Stirling has done a few home report surveys for us in recent years. He has always been honest, thorough and professional. And decent value for money. I highly recommend him.

We’re here to help.

If you have a question about any of our other services please fill in the enquiry form or call one of our offices.