Rare Opportunity - Due to Relocation
Unique Multi-Use Unit
Corstorphine is a bustling residential suburb located approximately 4 miles from Edinburgh city centre and benefits from an extensive local catchment. St John’s Road forms part of the A8, the main arterial route from Edinburgh Airport and South Gyle to the city centre. Corstorphine is home to Edinburgh Zoo which attracts more than half a million visitors every year. The subjects are located in the heart of Corstorphine on the prime retail pitch. St John’s Road offers a high end mix of both local and national retailers as well as a number of thriving independent restaurants and cafes. Nearby occupiers include Costa Coffee, Subway, J D Wetherspoon, Boots Pharmacy, Co-op Food and Toby Carvery.
The subjects benefit from a prominent frontage extending the width of the property, offering a unique opportunity for advertisement on the building. The property has the added convenience of having a secondary entrance accessible from Clermiston Road. In addition, the premises contain a ramp leading from ground floor to mezzanine and first floor levels by virtue of its previous use as a Tyre Garage.
The premises are arranged over ground, mezzanine and first floor levels and comprise the following approximate areas:
Ground Floor (Currently Office): 3,369 sq ft / 312.98 sqm
Mezzanine: 2,665 sq ft / 247.5 sqm
First Floor: 2,795 sq ft / 259.6 sqm
Total: 8,829 sq ft / 820.1 sqm
The premises are held on an FRI lease expiring 30th April 2033, with an open market rent review effective 1st May 2028. The passing rent is £55,000 pa. Subject to agreement on terms, there may also be the
opportunity to enter into a new lease with the landlord. Further details on request.
Rateable Value: £39,600
UBR (2023/24): £0.498
Rates Payable: £19,721 pa
The premises currently benefit from having Class 4 and Class 5 consent but may be suitable for alternative uses subject to planning and landlord consent.
An EPC report is available on request.
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 purchaser/tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.
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.