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Description
LOCATION
The premises are located on South Clerk Street, which is in the popular Newington area of Edinburgh, just a mile or so south of the City Centre. The street forms part of the main thoroughfare from the south onto the Bridges and subsequently Princes Street. The surrounding area is densely populated with a large student population due to its easy access to the city’s universities.
The property is surrounded by many complimentary businesses with a wide se-lection of bars, restaurants, shops and services and although this is a very built up area both the Meadows to the west and Holyrood Park to the east are both reachable within a few minutes’ walk.
DESCRIPTION
The premises occupy the ground and basement floors of a traditional Edinburgh tenement building situated at a very busy crossroads in the heart of Newington. The shop has a bright red exterior with a nice display window and is well known in the local area as an established barber shop. Internally the ground floor is small but is a nice open space with stairs at the rear leading to the basement, the ground floor has the addition of fitted units with sliding doors, if these were removed it would free up more space and there is plenty more room for storage in the basement.
The basement has excellent head height and is bigger than the ground floor, It is in good condition for a basement and could be utilised as a very important space for any business. The WC and a shower cubicle are located in the basement as well as a door leading to the common Stair.
This shop would suit bubble tea, barbers, vape shops or any small retail ventures.
RENT
Offers over £12,000 is sought on full repairing and insuring terms for a minimum of five years or more
PREMIUM
The asking price is £10,000 to represent the goodwill of the trade that has been built up.
ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor 21sqm (226 sq ft)
Basement Floor 25sqm (269 sq ft)
Toatal 46.38sqm ( 496 sq ft)
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,300. 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.
VIEWING
Strictly by appointment via the sole selling agents Ime DJK Group Ltd. Phone 0131 629 5050 or email commercial@imedjk.co.uk.
OFFERS
All offers couched in Scottish legal terms should be submitted to the sole selling agents Ime DJK Group Ltd.
EPC rating: Unknown. Council tax band: X,