To Let / May Sell
Retail
69 Newington Road, Edinburgh, EH9 1QW
Tenure: To Let
Size: 457 sq ft (42 sq m)
Rent: Offers Over £10,000 Per Annum

Key Features

  • Class 1A premises with a single-window frontage
  • Situated in popular residential and shopping thoroughfare
  • The property qualifies for 100% Business Rates relief
  • Rental offers over £10,000 per annum invited
  • Approximate Net Internal Area 42.51 sq m (457 sq ft)

The subjects comprise a retail premises arranged over the ground floor of a single storey property set in front of a four storey and basement tenement building.

The frontage to Newington Road comprises a timber framed and glazed display window and timber framed and glazed entrance door benefiting from a roller shutter. 

Internally, the property is arranged to provide retail space to the front. The property tapers to the rear to a corridor providing access to a further larger rear room.

Access to the kitchen and WC compartment is also taken from the corridor and a rear door is provided to a small courtyard area to which the property has access rights.

Newington Road is one of Edinburgh’s principal arterial routes approximately 1 mile south of the city centre and links South Clerk Street to the Old Town.  The area is a popular residential and shopping location resident to a large student population.

The property is situated on the east side of Newington Road in between the junctions with East Preston Street and East Newington Place. 

Nearby commercial occupiers include Hollywood Nail Spa, The Salvation Army, Pizza Hut, Picnics, The Edinburgh Frames Company and various others.

Accommodation

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

42.51 sq m (457 sq ft)

Terms

Our client is seeking rental offers over £10,000 per annum exclusive of VAT.

Alternatively, consideration will be given to purchase offers with a price provided on application.

Rateable value

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,700.  The threshold for full rates relief under the Small Business Bonus Scheme has changed for the financial year 2024/25.  For properties with a RV between £12,001 and £15,000 the award is now 25%.  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 B.

A copy of the recommendation report is available on request.

Legal costs

Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant 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 diligence 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 the works scheduled in the property and a formal missive under Scots Law. 

VIEWING AND FURTHER INFORMATIO 

By contacting the sole 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)MRICS

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

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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

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