Property Details

4-5 Bruntsfield Place
Edinburgh, Bruntsfield

£41,600 P.A.Premium Cost:£50,000

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PropertyDescription

LOCATION
The subjects are located on Bruntsfield Place, situated between the busy Tollcross Junction and the scenic district of Morningside, in an area mixed with both commercial and residential properties.
The general Bruntsfield, Merchiston, and Morningside areas are particularly prominent in Edinburgh, with local landmarks including the Bruntsfield Links, continuing on to the Meadows, and the Holy corner.

The property greatly benefits from the nearby Edinburgh Napier University, Merchiston Campus, hosting a large student population. Other nearby occupiers include a Costa Coffee, SimplyFixIt, and various hotels. Multiple bus routes serve through Bruntsfield, travelling to and from the City Centre and outer hotspots such as Colinton.

DESCRIPTION
The subjects are configured over the ground and basement floors, forming part of a traditional tenement building with high levels of passing trade. Access to the property is gained via a neatly recessed doorway into a short vestibule, through which the upstairs seating area, bar area, and kitchen is found. A full Class 3 premises, the kitchen is configured to accommodate highly intensive preparations and workloads.

Accessed via a staircase, the downstairs seating area is divided into several compartments and holds a larger part of the restaurant’s capacity, including a private dining space. An additional bar setup, and separate WC’s for men and women can be found here too. Finally, the premises hold a late-night alcohol licence, serving between 11:00am to 01:00am Sunday 12:30 to 1am.

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

173 sq. m (1,862 sq. Ft)

RENT & PREMIUM
Our clients are seeking a weekly rent of £800 (£41,600 per annum) excl. VAT, and an additional premium in the region of £50,000.

VAT
There will be no VAT due on the lease.

SERVICES
The property is served by mains water, gas, 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 £29,700. 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:P586
  • Postal Code:EH10 4HN
  • Status:For Rent
  • Type:commercial
  • Class:3 (Food & Drink)
  • Property Size:1,862 sq ft
  • Price:£41,600
  • Premium Cost:£50,000

ExtraInformation

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