The subjects are located on Fountainbridge, situated near the Tollcross junction, a centre of business and finance in Edinburgh. The premises is found just off Lothian Road, which leads directly to the West End of Princess Street, and the Meadows at the other end.
Fountainbridge is a particularly prominent area of Edinburgh with local landmarks such as the Edinburgh Castle, Princess Street Gardens, and valuable amenities such as the Meadows and the Grassmarket Square, all being found within walking distance. There is a strong student population in the vicinity. Bus links to all areas of Edinburgh can be found along Lothian Road.
The subjects are configured over the ground floor, forming part of an urban tenement building with excellent street frontage. Access to the property is gained through a framed glass door along an entirely glazed frontage, leading to a spacious L-shaped seating area, currently configured for 55-60 covers. The kitchen is found along the main seating area, visible to customers, and contains an electric pizza oven, large dough maker, hot and cold food displays, fridges, and fryers (comprehensive equipment list available upon request).
There are multiple storage areas in the kitchen area, including a walk-in fridge. A bar area is found towards the front of the restaurant with coffee machinery, and a drinks fridge. Separate WC’s for men and women can be found towards the rear of the premises.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground floor: 118 SQ M (1,270 SQ FT)
RENT AND PREMIUM
The rent is £52,000 per annum.
A premium of £60,000 is sought for the fixtures and fittings.
The subjects will be held on an FRI (full repairing and insuring) leasehold basis. We have been instructed to market the lease available for the remaining 8 years with a rent of £52,000 excl. VAT. Further details available upon request.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £26,400. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).
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 premises is served by mains electricity, gas and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is currently pending.
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 DJK Group Ltd.