Great eateries and pubs can be found within the highly sought-after trendy area with regular bus services run to and from the city centre and other parts of Edinburgh. The tramline will go directly passed this unit and the route will become even more accessible for consumers, visitors and tourists.
The subjects are Class 3 restaurant premises configured over ground floor level forming part of a traditional Georgian tenement building with excellent street frontage. The entrance is located to the front left with beautiful large arched paned windows letting in natural light the front door leads directly to the main open restaurant space and a bar area to the right-hand side. Separate WC’s for men and women are found towards the rear right, kitchen rear left.
This commercial property has ornate cornices and pillars, private dining area and plenty of storage. The restaurant also benefits from a large outbuilding to the rear which has lots of freezers including a walk-in chiller.
According to the Scottish assessor’s the subjects comprise of the following approximate net internal area:
• 307 sq. m (3,305 sq. ft)
Our clients are seeking £42,000 per annum on a new Full Repairing and Insuring (FRI) lease for a term to be agreed.
There will be no VAT due on the sale or lease.
The property is served by mains gas, water, and electricity.
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is currently pending.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £44,100. 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.
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.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd.