Retail Unit to Let / May Sell
Morningside is a busy and affluent suburb of Edinburgh, located approximately 2 miles south of the city centre. Morningside Road provides one of Edinburgh’s main arterial routes and benefits from substantial passing trade. Morningside Road itself is an established shopping location where many local and national retailers are situated as well as niche speciality shops serving the requirements of the local population.
The subjects are located at the south end of Morningside Road in the block bounded by Miller Crescent and Maxwell Street. Nearby occupiers include Sainsbury’s Local, West End Vets, Marks & Spencer, Pizza Hut, Boots and Pizza Express.
The subjects comprise the ground and basement levels of an end terraced tenement parade extending to the following approximate net internal areas:
Ground Floor: 1,183 sq ft / 110 sqm
Basement: 840 sq ft / 78 sqm
The premises are available on a new full repairing and insuring lease.
Offers of £35,000 pa. Price on application for purchase.
Rateable Value: £30,800
UBR (2021/22): £0.49
Rates Payable: £15,092 pa
The premises are currently utilised for retail use and professional services use in accordance with Use Class 1 & 2 of the Town & Country Planning (Use Classes) (Scotland) Order 1997. There would be potential for restricted Class 3 café use, subject to the tenant making their own enquiries with the Local Planning Department.
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
In order to comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.
TO LET / MAY SELL
ORINSEN, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.