SOLD / WITHDRAWN
07/02/24
1816
Shop for rent at 289 Leith Walk
Size: 36 sq m (388 sq ft)
Book a Viewing: 0131 554 6584, 07748 240 137
New Lease: £10,500 per annum or the best offer
✨ Key Features:
Strategic Location: Situated on the east side of Leith Walk, 1-mile northeast of Princes Street, at the heart of a bustling neighbourhood.
High Footfall: Leith Walk is a central pitch with diverse and densely populated surroundings, connecting popular areas like Broughton, Queens Street, Easter Road, and the vibrant Shore and Leith Docks.
Transport Hub: Directly benefiting from the Edinburgh Tram extension with a tram stop right outside, ensuring increased foot traffic.
Commercial Hub: Leith Walk attracts a mix of local and national operators, including independent retailers, hairdressers, and cafés.
New lease is available on Fri terms for a period to be agreed.
May suit a hot food takeaway use (subject to planning).
🏢 Property Overview:
Type: Ground floor, mid-terrace tenement.
Layout: Rectangular configuration with a front sales area, back shop, and WC.
Size: Total of 36 sq m (388 sq ft).
Zoning Breakdown:
Ground Floor (Sales) - Zone A: 18.90 m² (203 sq ft)
Back Shop Zone A: 10.60 m² (114 sq ft)
Back Shop Zone B: 6.50 m² (70 sq ft)
Pricing and Lease Terms:
New Lease: Offering flexibility for your business needs.
Annual Rent: £10,500 per annum or the best offer.
Rateable Value: £0 (£3,038, qualifying for 100% Business Rates Relief under the Small Business Bonus Scheme https://www.mygov.scot/non-domestic-rates-calculator#!/property/)
Financial Performance: Excellent figures are available for disclosure to interested parties post successful viewings.
🔧 Utilities: Mains electricity and water.
Location/Market Overview
The premises sits on the east side of Leith Walk approximately 1 mile northeast of Princes Street, occupying a position in the central pitch of the street in the block bounded by Jameson Place and Dalmeny Street.
Leith Walk dissects one of the most densely populated and diverse neighbourhoods.
The Leith area of Edinburgh connects with Broughton, Queens Street, Easter Road and the popular Shore and Leith Docks.
It is a popular commercial hub with a mixture of local and national operators servicing a high volume of local residential buildings Leith Walk is also benefiting from the Edinburgh Tram extension which will continue to considerably increase footfall on Leith Walk, providing a transport link between Leith and the City Centre.
The tram stops directly outside the shop.
Occupational demand for units on Leith Walk caters for a mix of independent retailers, hairdressers and cafés, amongst the interest from multiples.
Description/Areas
The premises comprises a small and compact single-glazed unit of 36 sq m, arranged over the ground floor of a mid-terrace tenement.
Internally, it appears it is of rectangular configuration with a front sales area, back shop and WC.
Energy Performance Certificate: The property benefits from a "B" rated EPC: https://www.scottishepcregister.org.uk/
Other Costs: Each party has to bear their own legal costs.
Tenure: The premises are available for lease on full repairing and insuring (Fri) terms for a period to be agreed.
Cafe/Takeaway: We understand the premises is currently consented for Class 1A use but has historic planning approval for pizza takeaway which has now lapsed. Interested parties should make enquiries with City of Edinburgh Council planning department.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.