Property Details

42 Leven Street
Edinburgh
Edinburgh
, Tollcross

£23,400 P.A.Premium Cost:£50,000

Request a Viewing

PropertyDescription

LOCATION
Situated in the heart of Edinburgh the capital city of Scotland, with an ever expanding residential population this class 3 unit is ideally located in amongst the bustling Edinburgh nightlife, Festivals and shows. The immediate area is a blend of residential Retail and office uses.

Leven Street is a small continuation of road located in between Home Street and Bruntsfield Place and is a principle route between the affluent areas of Morningside, Bruntsfield and the city centre. It is only a short walk from the popular Meadows and plenty of other local amenities including a range of restaurants, bars and shops. Major occupiers in the surrounding area include The Kings Theatre, Lloyds Banking Group, Blackbird bar/restaurant and Scotmid.

DESCRIPTION
The subjects comprise ground and basement level of a traditional Edinburgh tenement building and trades as EFES restaurant. The business has been trading for 35 years and benefits from an alcohol license and a late license till 2am during the week and 3am at the weekends.

The main restaurant area is suitable for up to 20 -25 covers with space for further covers depending on fit out. There is a fully fitted and working kitchen in the basement of the unit with two large walk in freezers and extraction system. The toilets, cleaner?s cupboard and storage areas are also located here.

The main restaurant area has a large serving area and a drinks bar within the space and further storage area above the ceiling accessed via a loft hatch ladder system.

ACCOMMODATION
According to our measurement survey, the subjects comprise the following areas:

Ground Floor: 38 SQ M (409 SQ FT)
Basement: 38 SQ M (409 SQ FT)
Total NIA: 76 SQ M (818 SQ FT)

RATING
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £13,700. 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.

RENT
Our clients are seeking a rent of £23,400 per annum

PREMIUM
Our client is seeking a premium of £50,000 for the leasehold, use of fixtures fittings and licences.

LEASE
The property is being offered on a leasehold basis on a Full, Repairing and Insuring basis with a lease term to be agreed.

SERVICES
The property has mains water, gas and electricity.

ENERGY PERFORMANCE CERTIFICATE
The EPC rating is pending.

A copy of the EPC and recommendation report can be provided upon request.

ENTRY
By agreement on completion of a formal missive under Scots Law.

LEGAL COSTS
Each party will bear their own legal costs. The purchaser will be responsible any LBTT due on the purchase.

PropertyOverview

  • Property ID:P394
  • Postal Code: EH3 9LJ
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:818 sq ft
  • Price:£23,400
  • Premium Cost:£50,000

ShareThis Property

John

John

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.