This property is no longer on the market
Property
Property description & features
The subjects are located on Fountainbridge, situated near the Tollcross junction, a centre of business and finance in Edinburgh. The premises is found just off Lothian Road, which leads directly to the West End of Princess Street, and the Meadows at the other end.
Fountainbridge is a particularly prominent area of Edinburgh with local landmarks such as the Edinburgh Castle, Princess Street Gardens, and valuable amenities such as the Meadows and the Grassmarket Square, all being found within walking distance. There is a strong student population in the vicinity. Bus links to all areas of Edinburgh can be found along Lothian Road.
DESCRIPTION
The subjects are configured over the ground floor, forming part of an urban tenement building with excellent street frontage. Access to the property is gained through a framed glass door along an entirely glazed frontage, leading to a spacious L-shaped seating area, currently configured for 55-60 covers. The kitchen is found along the main seating area, visible to customers, and contains an electric pizza oven, large dough maker, hot and cold food displays, fridges, and fryers (comprehensive equipment list available upon request).
There are multiple storage areas in the kitchen area, including a walk-in fridge. A bar area is found towards the front of the restaurant with coffee machinery, and a drinks fridge. Separate WC’s for men and women can be found towards the rear of the premises.
ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground floor: 118 SQ M (1,270 SQ FT)
RENT AND PREMIUM
The rent is £52,000 per annum.
A premium of £60,000 is sought for the fixtures and fittings.
LEASE TERMS
The subjects will be held on an FRI (full repairing and insuring) leasehold basis. We have been instructed to market the lease available for the remaining 8 years with a rent of £52,000 excl. VAT. Further details available upon request.
RATEABLE VALUE
According to the Scottish Assessor’s website () the subjects have a Rateable Value of £26,400. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).
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 premises is served by mains electricity, gas and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is currently pending.
LEGAL COSTS
Each party shall bear their own legal costs in the 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 appointment through the sole letting agent, ime DJK Group Ltd.
Property information from this agent
Places of interest
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Property reference P450. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by ime DJK Group - Commercial.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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