The subject property is located on the ground floor of a 4 storey and basement, mid terraced traditional stone built tenement block under a pitched and slated roof.
The property presents an attractive proposition for a rarely available hot food takeaway within a popular area.
Occupiers in close proximity include Scotmid, William Hill and Tesco.
Location
The subjects are located on the east side of Nicolson Street within the Newington District of Edinburgh. The subjects are situated in the block bounded by West Richmond Street to the north and East Cross causeway. Nicolson Street forms major thoroughfare running north/south carrying a high volume of traffic and footfall.
Accommodation
We calculate that the net internal area of the subjects extends to approximately 89.43 sq m (963 sq ft)
Terms
RATEABLE VALUE
The Lothian Regional Assessors' Department has entered the subjects in the current Valuation Roll at a rateable value of £11,500 per annum.
At the time of publication the non-domestic rate is 48.0 pence exclusive of water and sewerage rates.
As such the subjects qualify for 100% Rates Relief under the Scottish Small Business Rates Relief Scheme. Further details are available from the sole letting agent.
LEASE TERMS
Further details are available from the sole letting agent.
LEGAL COSTS
Each party to bear their own legal costs in the documention of this transaction.
VAT
All prices, rents and outgoing are quoted exclusive but may be liable to VAT.
It is our understanding that the property is elected for VAT.
Specification
- Major arterial route
- High levels of footfall
- £14,000 per annum
- Full class 3 hot food consent
- Available Immediately