Property Details

11-12 Seafield Road East
Edinburgh, Portobello

£20,500 P.A.

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PropertyDescription

LOCATION
The popular Portobello district lies on the east side of the city, approximately three miles from the city centre, close to Holyrood Park, Salisbury Crags, and the Scottish Parliament Building.
Good shopping and schooling facilities can be found within the area and regular bus services run to and from the city centre and other parts of Edinburgh. The beach is only minutes away on foot. A fast route is available to the city bypass offering links with East Lothian, Edinburgh’s International Airport, and the M8 and M9 motorway network. The Royal Infirmary and Waverley Station can be reached in around ten minutes by bus or car.

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, the unit has been used for the last eight years as a bakery for a baking charity.
The entrance is centred on the right of this double frontage and has plenty windows letting in natural light the front door leads directly to the main open restaurant space and further restaurant space front left. Separate WC’s for men and women are found towards the rear left, kitchen rear right. Before the bakery the premises were formerly used for Indian cuisine.
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 walk-in freezer/chillers.

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

114 sq. M (1,227 sq. Ft)

SALE PRICE & RENT
Our clients are seeking offers over £250,000 to purchase the freehold or alternatively you can let the premises on a new Full Repairing and Insuring (FRI) lease for a term to be agreed for £20,000 per annum.

VAT
There will be no VAT due on the sale or lease.

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

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

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £17,100.  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. EPC rating: F.

PropertyOverview

  • Property ID:P591
  • Postal Code: EH15 1EB
  • Status:For Rent, May Sell
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:1,227 sq ft
  • Price:£20,500

ExtraInformation

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