The subjects are located on Dalkeith Road which is one of the main arteries into Edinburgh city centre from the south for commuters. The surrounding area provides a mix of residential and retail properties with Pollock Halls of Residence, one of the main Edinburgh University student residencies, located only 300 meters from the restaurant.
The site enjoys excellent passing trade generated by the number of residential dwellings and local businesses in the immediate vicinity. Visitors to the city often stay in the area’s extensive range of guest houses whilst the number of local bus routes make this a very accessible location.
The subjects comprise a five windowed traditional restaurant forming the corner unit of a ground and basement floor of a four-story tenement building. It is situated on the busy junction of Dalkeith Road, East Mayfield and Priestfield Road. The restaurant benefits from a full restaurant license.
The restaurant on the ground floor can seat 30 people comfortably and has five windows to the front which, along with the generous floor to ceiling height, floods the space with natural light. The main seated area is a regular open plan shape, has traditional features including a deep cornice, ceiling rose and is tastefully decorated.
On the basement level there is a large commercial kitchen plus a further area along with customer WCs and staff area.
In recent years the restaurant has traded as a Thai restaurant with associated take away and delivery service. At present the restaurant is not trading but is in near walk-in condition.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground floor 52.66 sq. m. (566 sq.ft.)
Basement floor 91.20 sq.m. (982 sq.ft.)
Total 143.86 sq m (1,548 sq ft)
Our client is seeking rental offers of £16,000 per annum.
The subjects are offered on the basis of a 5 year Full Repairing and Insuring lease. The lease is extendable for a maximum of a further 5 years after year 5.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £20,000. 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.
The rateable value is currently under appeal.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
The property is served by mains electricity, gas and water.
Each party is responsible for their own legal costs but the ingoing tenant will be liable for any Registration Dues and LBTT relating to this transaction.
Upon completion of a formal missive under Scots Law.
Strictly by appointment via the sole letting agent, IME Property.