The subjects comprise a hot food takeaway unit configured over ground and basement forming part of a traditional tenement. The four upper floors are all in residential use.
The front of the unit is arranged with a customer waiting area and staff counter with a kitchen and cold room to the rear. The premises benefits from a high-quality pizza oven, large extraction hood and piping for tenant fit-out.
The basement provides additional storage space and a further cold store.
Location
The subject property is located on the west side of Morningside Road with Millar Crescent to the north and Maxwell Street to the south. Hermitage Terrace is directly opposite.
Morningside is a highly sought after and affluent district of Edinburgh situated approximately 2 miles south of Princes Street. It is one of the city’s principal vehicle thoroughfares connecting the south side to the city centre.
It is a well-established commercial and residential location with a number of local and national traders represented, including: Marks and Spencer, Boots, Pizza Express, Sainsbury’s Local and Bakery Andante.
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
69.68 sq m (750 sq ft)
Terms
LEASE
The property is available by way of sub-let or assignation of the current lease. The lease expires 16th April 2027 and the landlord is willing to consider a lease extension or grant a new lease. All subject to covenant.
PASSING RENT
£18,000 per annum plus VAT.
A premium is invited for the existing fixtures and fittings.
PLANNING/LIQUOR LICENSE
The subjects benefit from Use Class 3 (Food and Drink) with full hot food takeaway consent in accordance with the Town and Country Planning (Use Classes) (Scotland) order 1997.
We understand the premises benefits from a liquor license (XXXm to midnight) which is fully transferable from the current tenant.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £21,500. The uniform business rate for the current year is £0.498 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.
UTILTIES
The property is served by mains gas, electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
LEGAL COSTS
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.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By contacting the sole letting agent: