£14,400 pa
(£38.20/sq. ft. pa)
Property to letBuccleuch Street, Meadows, Edinburgh EH8
377 sq. ft
Just added
Available immediately
Furnished
About this property
Lease Disposal
145 Buccleuch Street, Edinburgh, EH8 9NE
class (1a) Sandwich/coffee shop
Location
The property occupies a strong trading position on Buccleuch Street in Newington, close to the University of Edinburgh, Potterrow, Causewayside and the city centre.
The area benefits from high footfall and a strong customer base from students, local residents, office workers and visitors, with a good mix of caf?s, takeaways, shops, bars and restaurants nearby.
With The Meadows, public transport and cycle routes close by, the property is well placed for a caf?, sandwich shop, takeaway or other Class 1A operator.
Description
The subjects comprise a bright ground floor retail unit within a traditional Edinburgh tenement, with a glazed frontage, good visibility and strong natural light.
The unit is arranged with customer space to the front, preparation space to the rear and a centrally positioned WC.
The front shop includes an open service/seating area with a raised counter, while the rear kitchen is fitted with cooking equipment, sinks, stainless steel worktables and refrigeration.
The premises currently trade as a Taiwanese caf?, offering hot food, bubble tea and other drinks, with walk-in and Uber Eats delivery trade. The fit-out is well suited to caf?, takeaway or casual dining use.
Accommodation
According to our recent measurement survey the premises contain the following approximate internal areas:
Ground floor: 35 sq M (377 sq ft)
Rent & lease term
The sitting rent is £14,400 per annum with approximately nine years remaining. With a break option at the fifth anniversary from entry date (full repairing and insuring) lease.
Premium
A premium of £31,500 is sought for the leasehold, fixtures and fittings and any remaining goodwill.
Rateable value
According to the Scottish Assessor?s website () the subjects have a Rateable Value of £7,600.
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 Scheme if the combined Rateable value of all their premises in Scotland is £35,000 or less.
Utilties
The property is served by mains electricity, gas and water.
The tenant will be liable for these services.
Energy performance certificate
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
Legal costs
The Assignee and Assignor will be responsible for their own legal costs and any registration dues and any LBTT. Both Assignee and Assignor will share any legal costs 50/50 split incurred by the landlord.
Entry
Upon completion of a formal missive under Scots Law.
Viewing and further information
By appointment through the sole letting agent, IME Property Agents Ltd.
145 Buccleuch Street, Edinburgh, EH8 9NE
class (1a) Sandwich/coffee shop
Location
The property occupies a strong trading position on Buccleuch Street in Newington, close to the University of Edinburgh, Potterrow, Causewayside and the city centre.
The area benefits from high footfall and a strong customer base from students, local residents, office workers and visitors, with a good mix of caf?s, takeaways, shops, bars and restaurants nearby.
With The Meadows, public transport and cycle routes close by, the property is well placed for a caf?, sandwich shop, takeaway or other Class 1A operator.
Description
The subjects comprise a bright ground floor retail unit within a traditional Edinburgh tenement, with a glazed frontage, good visibility and strong natural light.
The unit is arranged with customer space to the front, preparation space to the rear and a centrally positioned WC.
The front shop includes an open service/seating area with a raised counter, while the rear kitchen is fitted with cooking equipment, sinks, stainless steel worktables and refrigeration.
The premises currently trade as a Taiwanese caf?, offering hot food, bubble tea and other drinks, with walk-in and Uber Eats delivery trade. The fit-out is well suited to caf?, takeaway or casual dining use.
Accommodation
According to our recent measurement survey the premises contain the following approximate internal areas:
Ground floor: 35 sq M (377 sq ft)
Rent & lease term
The sitting rent is £14,400 per annum with approximately nine years remaining. With a break option at the fifth anniversary from entry date (full repairing and insuring) lease.
Premium
A premium of £31,500 is sought for the leasehold, fixtures and fittings and any remaining goodwill.
Rateable value
According to the Scottish Assessor?s website () the subjects have a Rateable Value of £7,600.
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 Scheme if the combined Rateable value of all their premises in Scotland is £35,000 or less.
Utilties
The property is served by mains electricity, gas and water.
The tenant will be liable for these services.
Energy performance certificate
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
Legal costs
The Assignee and Assignor will be responsible for their own legal costs and any registration dues and any LBTT. Both Assignee and Assignor will share any legal costs 50/50 split incurred by the landlord.
Entry
Upon completion of a formal missive under Scots Law.
Viewing and further information
By appointment through the sole letting agent, IME Property Agents Ltd.
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