LEASE DISPOSAL: JASHAN’S 1-2 MOAT PLACE, EDINBURGH, EH14 1NY
*RESTAURANT LEASEHOLD FOR SALE *
Jashan’s at Moat Place is in the popular Slateford area of Edinburgh which is approximately 0.5 miles west of Princes Street. It is a continuation of Slateford Road which is a principle route to both Princes Street and the amenities at Fountain park
The property is situated opposite a newly built Lidl and near the Chesser retail park with Asda, M&S, Aldi and some other retail options nearby. There are a number of other commercial occupiers in the vicinity including the long-established Taste Good Chinese restaurant and Slateford Dental Care.
The area benefits from regular bus services and there is free on street parking available on the surrounding roads.
The property is currently set up as an Indian restaurant and takeaway with an Alcohol licence and as such is decorated to a high standard throughout. The restaurant is very popular and well known in the local area. There is seating for 100 covers and they also offer take away through popular sites such as Uber Eats, Just eat and Andromeda.
Jashan’s forms the Basement and Ground floors of a traditional stone-built tenement comprising commercial and residential occupancy.
The unit has a smart glass and wood panelled frontage with a good signage space above.
Internally the layout suits the current restaurant/takeaway use of the current lease holder, The ground floor comprises of a large entry way with a large fully stocked bar with display areas, fridges and till, leading onto a serving area with seating area available for takeaway orders. It then opens up to the restaurant seating which is very spacious and well thought out and decorated to a high standard. There is a waiter station at the back of the seating area with a dumb waiter in place to send the food up from the kitchen. There is a disabled W.C on the ground floor.
Downstairs in the basement are the Ladies and Gents WC’s, a small staff room area with a further w.c and the well equipped fully fitted kitchen there is also a private function room available for diners. There are also several different storage areas available for use.
According to our recent measurement survey the premises contain the following approximate net internal area:
253m2 (2723 sq ft)
There is currently 15+ years remaining on a full repairing and insuring lease. The rent is currently £28,800 per annum.
A premium guide price in the region of £70,000 is being sought to obtain the leasehold from our client.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £29,900. The uniform business rate for the current year is £0.49 pence in the pound.
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.
The property is served by mains gas, electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending
A copy of the recommendation report is available on request
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.
Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.
Upon completion of a formal missive under Scots Law
Council tax band: X,