1 Montague Terrace, Edinburgh, EH3 5QX
Class 1 Cafe/Coffee Shop
1 Montague Terrace is in the Trinity/Inverleith area of Edinburgh and adjoins the corner of Ferry Road, a continuation of Inverleith Row and on to Cannonmills then leading to Edinburgh’s New Town.
The area is a busy thriving part of the town with commercial occupiers including convenience store operators,charity shops, bars, restaurants and cafes. The open spaces of Golden Acre Playing Fields are on the doorstep as well as numerous other location attractions and amenities.
Public transport is widely available and there is plenty of on street metered car parking and cycle paths.
The subjects are configured over ground level and form the corner unit of part of a traditional Edinburgh tenement building with coffee shop use.
A largely glass frontage provides plenty of natural light into the front shop area and the high ceilings add to the sense of space. To the rear left hand side of the ground floor a timber staircase leads to the WC’s and a vast prep/storage area within the basement.
Formerly trading as Olivers Coffee House the Unit the business was very popular amongst local residents. This Unit would be ideal for an experienced coffee shop operator to get up and running again very quickly or alternatively it would suit various other uses.
According to our recent measurement survey the premises contain the following approximate internal areas:
Ground floor: 53 SQ M (570 SQ FT)
Basement: 63 SQ M (678 SQ FT)
Total: 116 SQ M (1,249 SQ FT)
Offers over £15,000 are sought to acquire the leasehold possession of this property on a 5-year minimum FRI (full repairing and insuring) lease.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,100.
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 property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.