The restaurant premises is prominently located in Newmarket Road, Chesser in Edinburgh which is a high footfall areas throughout the day with shoppers, commuters, business people and local trade. The premises are located in between 24 hours ASDA, The World of Football and The Corn Exchange functions suites and event centre.
Chesser is located approximately 4 kilometres to the South West of the City Centre.
The Restaurants location has a great bus service, close links to the Edinburgh City Bypass and there is a train station within 300 metres.
We are instructed to sell the lease on behalf of our clients for the property which comprises two floors of the highest quality fitted out dining areas, 3 private dining/karaoke experience rooms, fully fitted kitchens, bars, preparation areas, WC’s, storage, drinks cellar and a whole lot more. Internally the ground floor restaurant is set up for most of the public diners buffet style for up to 115 covers. The area is beautifully decorated and well laid out.
The first floor is slightly different and is set up with BBQ/Hotpot type tables and can hold up to 130 covers. The current occupier has bus-loads of tourists and enthusiasts regularly enjoying the cuisines available this area is also decorated to a high standard as are the private dining and karaoke rooms also located on this floor.
This is a well-known well-established, busy and thriving restaurant.
There are 10 years remaining on the lease at the passing rent of £66,000.
A copy of the lease can be provided to serious purchasers
According to our recent measurement survey the premises contain the following approximate net internal area:
Total: 920 sqm 9,902 sq ft
Our client is seeking offers over £150,000 to include the leasehold of 6 New Market Road and the fixtures and fittings.
According to the Scottish Assessor’s website (www.saa.gov.uk) 6 Newmarket Road has a Rateable Value of £39,700. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).
The properties are served by mains electricity, water and gas.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificates rating are pending.
A copy of the reports will be available on request.
Each party shall bear their own legal costs in the preparation of the lease 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 selling agent, IME Property Ltd.