Description
Lease Disposal
145 Buccleuch Street, Edinburgh, EH8 9NE
CLASS (1a) Sandwich/coffee shop
LOCATION
Buccleuch Street is in the Newington district of Edinburgh and adjoins the corner of Hope Park Crescent, a continuation of Potter Row and leads to Causewayside. Edinburgh’s historic Old Town and tourist attractions are less than 1 mile from the unit.
The area is extremely popular with Edinburgh University students and there is a cosmopolitan range of commercial occupiers including convenience store operators, bars, restaurants and eateries. The open spaces of The Meadows are on the doorstep as well as numerous other location attractions and amenities.
Public transport is widely available and there is plenty of cycle routes.
DESCRIPTION
The subjects are configured over ground level and form part of a traditional Edinburgh tenement building. A largely glass frontage provides plenty of natural light into the front shop area and the high ceilings as well as windows to the rear add to the sense of space.
The unit is a typical front shop back shop layout with a WC towards the middle of the shop.
The front shop is a welcoming open space area with some seating for customers and has a raised counter fully fitted for food and drinks prep/serving, the back shop is set up as a prep kitchen with some cooking equipment, sinks, stainless steel tables, fridges and other equipment.
The unit is used as a sandwich shop selling tea, coffee, panini’s, wraps and other snacks and drinks.
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 two years remaining (full repairing and insuring) lease. The landlord would be willing to extend the term for a good covenant with experience and a business plan.
PREMIUM
A premium of £25,000 is sought.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,400.
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 electricity, gas and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues. The ingoing tenant and the outgoing tenant shall cover the landlord’s solicitor’s fee 50-50.
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.
EPC rating: Unknown. Council tax band: X,