The subjects lie in between the areas of Gorgie and Haymarket approximately 1.4 miles west of Edinburgh city centre on the south side of Dalry Road. The property sits directly opposite the popular residential estate of Easter Dalry Road and enjoys excellent levels of footfall and passing traffic.
There are a number of well-known occupiers in the immediate areas including Domino’s, Lucanda di Gusti and a Co-operative Food Store along with a range of cafes, bars and restaurants.
Regular public transport links to the city centre make this an easily accessible location whilst one of Edinburgh’s major transport hubs, Haymarket Station, is only a short walk away.
The subjects comprise ground and basement level of a traditional Edinburgh tenement building and trades as The Clock Café. The main restaurant area is suitable for up to 12 covers with and is nicely decorated to a high standard. There is a fully fitted and working kitchen/Serving area to the rear of the ground floor. The Café is set up around a spiral staircase and has a warm and welcoming feel.
The seating area has two large windows allowing plenty of natural daylight and a corner entrance door.
The basement of the unit has an additional 50-60 covers and is vast in comparison to upstairs on the ground floor. There is another kitchen/prep area with appliances, storage, private and the WC facilities are also located here and two fire exit doors leading to the common stair.
The Café is well known in the area and has plenty local customers. Some benefits to this property are an alcohol license, outside seating license
According to our measurement survey, the subjects comprise the following areas:
Ground Floor: 34 SQ M (366 SQ FT)
Basement: 98 SQ M (1,055 SQ FT)
Total NIA: 132 SQ M (1,420 SQ FT)
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £16,100. The uniform business rate for the current year is £0.49 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.
The current rent is £17,280 per annum
There are 15 years remaining on a full repairing and insuring lease. A copy of the lease can be viewed by interested parties after viewing the property.
Our client is seeking a premium of £75,000 for the leasehold, fixtures fittings and licences.
The property has mains water and electricity.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is Pending
A copy of the EPC and recommendation report can be provided upon request.
By agreement on completion of a formal missive under Scots Law.
Each party will bear their own legal costs. The purchaser/ingoing tenant will be responsible any LBTT due on the purchase.