TO LETRETAIL

Find out more at www.g-s.co.ukScotland’s Leading Property Consultancy Firm

49 Raeburn Place, Edinburgh, EH4 1HX • Highly Desirable Location • High Levels of Passing Traffic and Footfall • Qualifies for 100% Business Rates Exemption• Large Glazed Frontage• Extends to 39.91 Sq M / 430 Sq Ft

SITUATION Stockbridge is a popular high-end suburb located circa 1 mile to the north west of Edinburgh city centre possessing a very healthy mix of delicatessens, restaurants, cafes and pubs, a good mix of both local and national retailers plus charity and upmarket antique shops.

More specifically the subject premises are located on the southern side of Raeburn Place within Stockbridge’s main retailing parade. Occupiers within the Stockbridge area include Waitrose; Scran and Scallie; Oxfam; Shelter; Costa; Scotmid; British Heart Foundation; Greggs; Timpsons; Subway; Dominos; Farrow & Ball; Mellis Cheesemonger; Sainsbury’s; Lloyds Pharmacy; Pizza Express; Café Nero; Starbucks; Rollo Wine Bar & Restaurant; Whiskers Wine Cafe and the Raeburn House Hotel. The location of the property is shown on the appended plan.

THE PROPERTY The subjects comprise retail premises, currently utilised as a hair salon. The property is very well presented, ideally suited for a continued salon use or it could readily be utilised for a range of retail uses. The frontage is largely glazed, accessed directly from Raeburn Place, and therefore benefits from an abundance of natural daylighting. The salon/retail area is fully fitted and equipped and the décor is neutral and a new owner/operator could readily update to their own taste/style with limited investment. The salon is finished to a high-quality standard throughout, currently with eight stylists’ chairs which are spaciously arranged. There are two backwash sinks to the rear of the main salon. Located off is a WC and staff room/kitchen and within the hallway is a large storage cupboard.

ACCOMMODATIONWe estimate the subjects extend to the following approximate net internal areas –

Floor Sq M Sq Ft

Ground 39.91 430

Reduced Floor Area 37.27 401 ENERGY PERFORMANCE CERTIFICATE (EPC)The Energy Performance Certificate will be provided upon request.

RATES We are advised that the rateable value is £12,300.

The property qualifies for 100% business rates relief under the Small Business Bonus Scheme.

TENURE Leasehold interest.

LEASE TERMS The subjects are offered on the basis of a new lease agreement, the terms of which are open to negotiation. We are inviting offers over £20,000 per annum and a regular review provision will be incorporated.

Any new tenant(s) must be demonstrably capable of fulfilling their obligations under the lease agreement and references will be requested without exception.

PRICE A premium payment is sought for continued use as a hair salon on the basis that the fit out/inventory is to be retained by an incoming tenant.

FINANCE/BUSINESS MORTGAGESGraham + Sibbald are in regular contact with the specialists involved in the financing of business and property purchases in Scotland and we would be happy to assist with introductions if required.

VIEWING Strictly by appointment only to be made through Graham + Sibbald. No approach to be made to the property or members of staff.

OFFERS All offers should be submitted in Scottish Legal Terms to the sole selling agents at the address below:

Graham + Sibbald 40 Torphichen Street, Edinburgh, EH3 8JB

To arrange a viewing please contact:

Joe Helps

Surveyor

joe.helps@g-s.co.uk

0131 240 5291

Find out more at www.g-s.co.ukScotland’s Leading Property Consultancy Firm

Suzanne Lawrie

Business Valuer

suzanne.lawrie@g-s.co.uk

0131 240 5311

IMPORTANT NOTICE

1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken.

2. Graham + Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it.

3. Graham + Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client’s Solicitors and Solicitors acting for the Purchaser/Tenants.

4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery.

5. A list of Partners can be obtained from any of our offices.

6. Date of Publication: January 2020