Property Details

PropertyDescription

TO LET/MAY SELL

LOCATION
The subject premises are located in Easter Road which lies in the east end of Edinburgh’s New Town and runs parallel to Leith Walk. The unit is located on the corner adjoining Drum Terrace opposite the opening to Albert Street, in between Albion Road and St Clair’s Street. The Subject are in close proximity to London Road which links York Place/Queen Street and Leith Walk to the New Town and Edinburgh’s famous Princes Street.

The premises are located a 5-minute walk away from Easter Road Football Stadium and is a destination to many fans on matchdays. Easter Road itself is a heavily populated prime mixed-use area with a thriving community and a combination of national retailers, artisans with cafés and bars. There are excellent public transport links serving the city centre with a bus stop located 50 meters from the premises giving access to all parts of the city.

DESCRIPTION
The subjects comprise a self-contained ground and basement floor public house forming part of a traditional stone-built tenement block with residential dwellings above.

Internally, the unit is an ideal bar/lounge space with high ceilings, good lay out and a useable basement cellar/storage space. The ground floor front area is a regular shaped long rectangular bar with plenty of seating and standing area. The rear lounge area has its own bar serving area, more seating, access to the fire escape and ladies’ toilets. The gentleman’s WC is located between the lounge and bar.

The basement level is full size and entered from behind the bar via a timber stair there is also a motorized beer barrel lift for deliveries. The cellar has ample space for all the beer machinery, spirit cupboard and other storage.

ACCOMODATION
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:

• 154 sq. m (1,659 sq. Ft)

RENT
Our clients are seeking a rent of £30,000 per annum to let the premises on a new Full Repairing and Insuring (FRI) lease for a term to be agreed.

Our clients will also consider a sale with an offer over £275,000.

VAT
There will be no VAT due on the lease.

SERVICES
The property is served by mains water, and electricity.

ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is G.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £14,400. 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.

LEGAL COSTS
Each party is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.

ENTRY
Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd.

PropertyOverview

  • Property ID:P525
  • Postal Code: EH7 5QH
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:1,658 sq ft
  • Price:£30,000

ExtraInformation

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