Property Details

9 Dundee Terrace
Edinburgh, Fountainbridge

£25,000 P.A.

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PropertyDescription

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LOCATION
The subjects are located on Dundee Terrace, situated just off the junction to Dundee Street which leads directly to Tollcross.

Found amongst a parade of highly prominent commercial units, Fountainbridge comprises of a mixture of commercial and residential properties, with nearby occupiers including a Kwik Fit, Fountain News, and significantly, the Fountain Park complex. The Napier University Bainfield accommodation is also found nearby.

There is no shortage of regular bus links to destinations across Edinburgh. Angle Park Terrace, Gorgie Road and the West Approach Road are all major thoroughfares found nearby that connect the vicinity to destinations on the outskirts of Edinburgh and beyond.

DESCRIPTION
The subjects are Class 3 restaurant premises configured over ground and basement floors forming part of a traditional tenement building with excellent street frontage, near a highly prominent corner off the junction to Dundee Street.

The glazed entrance is flanked on either side by large showcase windows and leads directly to the main open restaurant space. Separate WC’s for men and women are found towards the rear, alongside the kitchen, formerly used for Indian cuisine (equipment now removed).

The basement can be accessed via a staircase to the right of the entrance, and adds a vast array of storage options, and currently includes a part walk-in freezer.

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

• 90 sq. M (969 sq. Ft)

RENT
Our clients are seeking £25,000 per annum to let the premises on a new Full Repairing and Insuring (FRI) lease for a term to be agreed. Incentives being offered are reduced rent for a few years and a quarter rent free.

VAT
There will be no VAT due on the lease.

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

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

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £17,700. 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:P583
  • Postal Code: EH11 1DL
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:969 sq ft
  • Price:£25,000

ExtraInformation

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