26 Marchmont Road

Marchmont, Edinburgh, EH9

Description

26 Marchmont Road, Edinburgh EH9 1HZ
Lease Disposal

RETAIL UNIT

LOCATION
The premises are located just off the junction of Warrender Park Road, along a small row of highly prominent commercial units. Marchmont is a mixed residential and commercial area, there is no shortage of nearby businesses, including various takeaways, a chemist, and an optician. Other nearby amenities include various green spaces, such as the Meadow and Bruntsfield Links.
Marchmont Road leads directly to the Kings Buildings (part of Edinburgh University) and is highly populated with students, with Marchmont and the Meadows area being a highly desirable place to live.

DESCRIPTION
The subjects are configured over ground floor and basement, forming part of a highly prominent parade with excellent visibility. Access to the property is gained through a glazed timber door with an external electronic security shutter over the entrance flanked by a large display window to the right. Upon entering the property, the main front area is welcoming and open plan. A consultation room has been formed to the left-hand side and could easily be removed if necessary.
The back shop area has been shelved out to suit the former user’s needs, the back area opens out further towards the rear and has the addition of a window and a sink, there is another sink in the centre of the back area as well.
The basement is accessed via a timber staircase, the basement is a great additional storage space and has good ceiling height. The WC is located in the basement.

ACCOMODATION
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• 83 sq. m (452 sq. Ft)
• Ground Floor: 51 SQ M (549 SQ FT)
• Basement: 33 SQ M (355 SQ FT)

RENT
Our clients are seeking £14,000 per annum to let the premises on a new Full Repairing and Insuring (FRI) lease for a term to be agreed.

PREMIUM COST

The Seller is looking for a premium of £50,000 for the goodwill. The business focus on selling day to day items, snacks, drinks, household product, vapes and cigarettes, The shop also has a delivery pick up point that is well used and popular with the locals, the shop has excellent google reviews.

VAT
There will be no VAT due on the lease.

SERVICES
The property is served by mains water, and electricity.

ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is B.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,400. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2023).
Occupiers may be eligible for rates relief through the Small Business Bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

LEGAL COSTS
Each party is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.

ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd
EPC rating: B. Council tax band: X,