The subjects comprise a prominent class 3 restaurant arranged over the ground floor and basement of a four storey and basement end-terraced tenement building. Internally the subject comprises a spacious ground floor triple windowed restaurant with a fully fitted bar, kitchen and WC facilities with the basement consisting of a wine cellar, further food prep and WC facilities. Nearby occupiers include Sainsburys local, Café Gelato, Papa Johns, VMH Solicitors and The Queens Hall Theatre.
Location
The subject property is situated on the east side of South Clerk Street close to the junction with Bernard Terrace within the Newington area which is approximately ½ mile to the south of the city centre. Newington is a popular student district of the city with various student accommodation developments within close proximity of the subjects and acts as the main thoroughfare to the southside of the city and Midlothian.
Accommodation
We calculate that the subjects gross internal area extends to approximately;
Ground Floor 113.15m2 (1218ft2 )
Basement 110.37m2 (1188ft2 )
Total: 223.52m2 ( 2406ft2 )
Terms
RATEABLE VALUE The subjects are entered in the current Valuation Roll at a rateable value of £27,900 per annum. Please note, a new tenant or occupier of a property has a right to appeal this rateable value within 6 months of the beginning of the tenancy agreement and this property may also be applicable for rates relief on application by tenant.
LEASE TERMS The subjects are also being offered on a full repairing an insuring basis for a term to be agreed incorporating regular rent reviews at offers over £27,500 per annum.
EPC Released on application VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
LEGAL COSTS Each party to bear their own legal costs in the documentation of this transaction; however the ingoing tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
ENTRY By mutual agreement.
Specification
• Ground and basement restaurant premises
• Offers over £27,500 per annum
• Unit extends to 223.52m2 (2,406ft²)
• Located in the Newington District of Edinburgh
• High vehicular and pedestrian passing trade
• Benefits from alcohol license and fitted bar area
• Approximately 40 cover ground floor seating area
• Suitable for retail or class 2 office use