Retail Unit To Let / May Sell
Potential for 100% rates relief
Ratcliffe Terrace is situated in the Grange area of Edinburgh approximately 1.5 miles south from the City Centre and 3 miles from the City Bypass. Cameron Toll Shopping Centre is situated approximately 1 mile to the south east. The premises are located on a busy road with high levels of passing traffic within a popular area, principally occupied by local traders including City Farmshop, Edinburgh Dental, Vino Wine and BP Garage.
The premises are arranged over ground and basement levels and provides clear retail space, benefitting from staff kitchen facilities and WC with a large basement, previously used as an office/workshop and comprises the following approximate net internal areas:
Ground Floor: 862 sq ft / 80.04 sqm
Basement: 1,450 sq ft / 134.73 sqm
Total NIA: 2,312 sq ft / 214.77 sqm
The premises are available by way of a new FRI lease. Offers over £25,000 pa sought. Sale price on application.
Rateable Value: £11,800
The premises qualify for 100% Business Rates Relief (no rates payable) under the Small Business Bonus Scheme. Each interested party should satisfy themselves on the rates relief with the appropriate authority.
The premises benefit from having Class 1 consent.
The property has an EPC rating of E.
Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
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.