Commercial property to let in Clerk Street, Newington, Edinburgh EH8

Available for assignation

Class 3
54a Clerk Street, Edinburgh, EH8 9PS

Location
The unit is located on Clerk Street, which is in the popular Newington area of Edinburgh, just a mile from the City Centre. Clerk Street forms part of the main arterial road into Edinburgh from the south leading onto the Bridges and subsequently Princes Street. The surrounding area is densely populated with a large student population due to the various Edinburgh University Campus’. The premises are located adjacent to a pelican crossing and busy bus stops.
The property is situated in a parade of similar styled retail units with three storeys of residential properties located above. Other retailers close by include Armstrong’s vintage clothing and Marmaris Kebab House, as well as a wide selection of local artisan retailers, delicatessens, bars, restaurants, cafés and services.

Description
This premises is a full class 3 Unit. It has undergone a whole refurbishment and is fitted to a very high standard for an eatery. Internally, the restaurant is well presented with exposed stone, hardwood flooring, fixed seating, designer radiators and nice lighting in the seating area. There is a prep area behind the counter and a dda compliant unisex WC featured at the back of the premises, with an open kitchen leading to a staircase to the basement.
The basement is a further fully fitted kitchen space with safety floor, stainless steel throughout, walk in freezer, two further canopy’s and so much equipment we can’t possibly list.
Externally the unit has super sign space above a fully glazed aluminium framed frontage.
The property is currently used as a fried chicken place but could easily suit a host of various cuisines.

Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:

Ground Floor 40 sq M (431 sq ft)
Basement 49 sq M (527 sq ft)

Rating
According to the Scottish Assessors website () the subjects have a Rateable Value of £13,400. 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

Rent & Premium
The rent is sitting at £12k per annum and offers in the region of £80,000 premium on full repairing and insuring terms for a term of 13 years.

Services
The property has mains water, gas and electricity.

Energy Performance Certificate
The EPC rating is Pending
A copy of the EPC and recommendation report can be provided upon request.

Entry
Entry will be upon completion of a formal missive under Scots Law.

Legal Costs
Each party is responsible for their own legal costs but the ingoing tenant will be liable for any Registration Dues and LBTT relating to this transaction.

Viewing
Strictly by appointment via the sole selling agents

Contact
Ime djk Group Ltd –

Council tax band: X