Property Details

5 Dundee Terrace
Edinburgh, Fountainbridge

£18,000 P.A.Premium Cost:£10,000

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PropertyDescription

5 Dundee Terrace, Edinburgh EH11 1DL

TO LET/ HOT FOOD TAKEAWAY

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 Hot food takeaway 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 Fowler Terrace.
The glazed entrance is flanked on either side by large showcase windows and leads directly to the main ordering/service area, and a good sized kitchen behind a stud partition forming the back shop ideal for a takeaway business, formerly used for Chinese cuisine.
The basement can be accessed via a staircase to the right of the back shop area, and adds a vast array of storage options including freezers and the WC is located in the basement too.

ACCOMODATION
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• GF 41 sq. m (441 sq. ft)
• BF 33 sq. m (355 sq. ft)
• Total 74 sq.m (797 sq. ft)

RENT
Our clients are seeking offers in the region of £18,000 per annum to let the premises on a new Full Repairing and Insuring (FRI) lease for a term to be agreed.

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 £9,400. 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:P628
  • Postal Code: EH11 1DL
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:797 sq ft
  • Price:£18,000
  • Premium Cost:£10,000

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