This property is no longer on the market
Property
Property description & features
TO LET
LOCATION
The subject premises are situated on a highly prominent position on the south side of Bernard Street on the corner shared with Carpet Lane, very close to ‘the Shore’ and just a stones throw from the Scottish Government buildings.
Great eateries and pubs can be found within the highly sought-after upmarket area with regular bus services run to and from the city centre and other parts of Edinburgh. The tram line will go almost directly to this unit with a main stop at Constitution Street and the route will become even more accessible for consumers, visitors and tourists.
DESCRIPTION
The subjects are Class 11 Assembly and Leisure (Entertainment) use and were previously used to host an escape room business configured over ground floor and basement levels forming part of a traditional Georgian cream sandstone B-listed tenement building dated 1873. The property has three separate entrances, 33 and 37 Bernard Street and 1 Carpet Lane which the occupier uses as the main entrance currently. The ground floor is surrounded with beautiful large paned sash and case windows letting in natural light, there a two separate large spaces which could be used for a variety of uses including office, yoga, therapy centre etc… alternatively there could be scope to convert to residential or a mix of both residential and commercial each side. The ground floor has high ceilings with ornate cornices and some stunning features as well as a WC, Gas Central heating boiler (new) and several storage cupboards.
The basement is well decorated as part of the former escape room business, there are features like emergency lighting, fresh air in and out, CCTV Control room, Fire alarm, door entry system to name but a few.
ACCOMODATION
According to the Scottish assessor’s the subjects comprise of the following approximate net internal area:
• 169 sq. m (1,819 sq. ft)
RENT
Our clients are seeking rent of £25,000 per annum on a Full repairing and insuring lease for 5 years.
VAT
There will be no VAT due on the sale or lease.
SERVICES
The property is served by mains gas, water, and electricity.
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is D.
RATEABLE VALUE
We think with some reconfiguration the property could be re-assessed and achieve a lower rating.
According to the Scottish Assessor’s website () the subjects have a Rateable Value of £14,900. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).
Occupiers may be eligible for rates relief through the Small Business Bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
LEGAL COSTS
Each party is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd.
EPC rating: D.
Property information from this agent
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Property reference P656. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by ime DJK Group - Commercial.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 31, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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