• Excellent location
• Highly sought-after class 3 use
• Fully fitted restaurant and kitchen
• New lease available
• Licensed Premises, Late hours
The property is located near the junction of Lauriston Street on the south side of Fountainbridge between the junctions of Lothian Road and Semple Street, Fountainbridge continues on to West Port and Grassmarket.
The area is a short walk from popular tourist destinations such as the Grassmarket and it is only a 5-minute walk to Edinburgh's principle retail shops on George Street and Princes Street.
The immediate area offers a range of excellent amenities including a Tesco Express, Odeon cinema, Costa and a number of bars and other coffee shops on nearby Lothian Road. The new Hilton's Hampton hotel and Fountain Park complex is close to the subjects.
The area benefits from excellent transport links with regular bus links serving the city centre. In addition, both Haymarket and Waverley train stations are only a short distance from this location. The nearest tram stop is at Shandwick Place.
The subjects, Formally trading as City Kebab House, comprise a treble fronted windowed unit configured over ground floor and forming part of a stone-built tenement.
Internally, the subjects comprise of a bright and nicely decorated customer waiting area with a staff counter to the front right of the shop. The left-hand side is the seating/dining area. The kitchen is fully fitted to a very high standard to suit the Former occupiers, the unit would suit a variety of cuisines, especially given its highly popular location for tourists and nightlife. The WC’s are to the rear of the ground floor along with kitchen and prep areas.
The building itself has just undergone a major renovation of all external areas which should benefit any future leaseholders.
This property would suit a proven operator who has good experience and knowledge of the industry.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground floor: 117 SQ M (1,270SQ FT)
RENT AND PREMIUM
The rent is £52,000 per annum exclusive.
A premium is also being sought to purchase the leasehold term.
The subjects are will be held on an FRI (full repairing and insuring) leasehold basis.
The landlord is willing to grant a new FRI lease for a term to be agreed.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £26,400.
The premises is served by mains electricity, gas and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is E
A copy of the recommendation report can be viewed on the Scottish EPC Register.
Each party shall bear their own legal costs in the with the eventual tenant liable for any Registration Dues or LBTT thereon.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.