Description
Lease Disposal
223 Morningside Road, Edinburgh EH10 4QT
Class 1a
LOCATION
The subject property is situated easterly on Morningside Road approximately 1.4 miles south of
Edinburgh Castle. The Morningside area of Edinburgh connects with Bruntsfield and Comiston and is a main artillery route in and out of the city and to the city bypass. The unit sits between the corners of Steels Place and Canaan Lane and is surrounded by residential tenements with commercial properties at ground level. The immediate area includes a host of retailers including hardware shops, gift shops, food wholesalers, restaurants, cafes and bars. The amount of passing traffic, local resident, visitors and trade make this a popular commercial destination.
Public transport links are very good with regular bus routes stopping close to the property.
DESCRIPTION
The subjects are configured over the ground and basement floors of a traditional Edinburgh tenement, with three floors of residential properties above. The shop front is nicely decorated and has original features with a large picture window with a recessed gated door to the left-hand side, above that there is an awning with excellent signage space above. Internally you are greeted by a beautifully fitted high end serving bar complete with sink, coffee machine, glass display, fridge and excellent lighting. The ground floor is open plan with seating areas at the front, centre and the rear, the WC is located to the rear right-hand side.
The basement is used as a preparation area and has a small office space within there is also a larger area for storage.
The overall condition of this property is very good and would suit similar occupiers with little or no work to do.
ACCOMMODATION
According to our recent measurement survey the subject comprises the
following approximate net internal area:
Ground Floor: 44 SQ M (474 SQ FT)
Basement: 45 SQ M (485 SQ FT)
Total: 89 SQ M (958 SQ FT)
RENT & PREMIUM
The rent is currently £16,750 per annum
A premium of offers in the region of £25,000 are sought.
LEASE TERMS
The lease has approximately 6 years remaining on full repairing and insuring conditions.
There is scope to extend the lease for a good covenant subject to the landlord’s discretion.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £14,300 effective from 1st April 2023.
UTILITIES
The property is served by mains electricity, gas and water
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is G.
A copy of the recommendation report is available on scottishepcregister.org.uk
ENTRY
Upon completion of a formal missive under Scots Law.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT
and Registration Dues.
VIEWING AND FURTHER
INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.
EPC rating: G. Council tax band: X,