Property Details

46A Haymarket Terrace
Edinburgh
Edinburgh
, Haymarket

£23,400 P.A.Premium Cost:£20,000

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PropertyDescription

LOCATION
The Haymarket area of Edinburgh is situated approximately 1 mile west of Princes Street on the A8. It is a vital transport hub for the city with Haymarket Station having recently undergone a significant redevelopment and expansion.
The subject property is situated on the north side of Haymarket Terrace in a central location and is directly opposite the junction with Haymarket Yards. There are numerous office buildings nearby with occupiers including Tesco Bank, Costa, the Institute of Chartered Accountants and HMRC.
The tram stop outside the station is within a very short walk of the property and there are also regular bus services connecting this area with other parts of the city.

DESCRIPTION
The subjects comprise a single windowed class 3 unit forming the ground floor and basement levels of a traditional Edinburgh tenement building.
There is sufficient room for 20 covers in the front section of the restaurant area. The premises widens beyond this section to provide additional space for approximately 15-20 covers with a bar area and kitchen.
The large basement area, which provides plenty of storage space and also comprises WC facilities, is accessed via a stairway to the rear of the unit.

ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:
90 SQ M (969 SQ FT)

LEASE
The subjects are offered on the basis of a new full repairing and insuring (FRI) lease for a term to be agreed.

RENTAL/PREMIUM
Our client is seeking £23,400 per annum for the leasehold interest in the property.
There is also a £20,000 premium being sought for the existing fixtures and fittings in the property.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £11,000. The uniform business rate for the current year is £0.466 pence in the pound.
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.

UTILTIES
The property is served by mains electricity, gas and water.

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is D.
A copy of the recommendation report is available on request.

VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.

LEGAL COSTS
Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.

ENTRY
Upon completion of a formal missive under Scots Law

PropertyOverview

  • Property ID:P242
  • Postal Code: EH12 5LA
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:969 sq ft
  • Price:£23,400
  • Premium Cost:£20,000

ExtraInformation

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If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.

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