Description
87-89 Newhaven Road, Edinburgh EH6 5QJ
LOCATION
The premise is located near the junctions of Graham Street and Bonnington Avenue right beside the bridge over the old NCR 75 Railway line. While a primarily residential area, there is no shortage of small businesses located in the immediate area of the property, with a beauticians, a veterinary clinic, and a solicitor/estate agency to name a few. Amenities such as the Victoria Park and various food outlets including the popular Pitt Street Food Market are less than a 5-minute walk away.
Ferry Road is to the North with Leith Walk to the south of the shops location. There are no shortage of public transport links on either Newhaven or Ferry Road, there are also great cycling routes with the water of Leith walkway just down the road
DESCRIPTION
The subjects occupy the ground and basement floors of a Commercial Restaurant Unit that forms a stand alone stone building beneath a flat roof on a highly prominent point on Newhaven Road. Access to the property is gained through a UPVC glazed door with excellent signage space above and large windows either side.. The entrance leads directly into an open plan restaurant/takeaway space with a door on the back wall that leads to a DDA compliant unisex WC. The Service counter is to the right hand side with a door behind it leading to the fully fitted kitchen including extraction system, sinks, fridges, cookers, gas central heating boiler etc….
The staff WC is located within this area as well as a staircase leading to the basement, which is an excellent space for storage and preparation.
The entire property is fitted out to a high standard and potential tenants wouldn’t have a lot of work to do to achieve there personal style of décor.
The unit would suit a variety of cuisines, the restaurant has a BYOB policy if an applicant want to apply for a full licence they would have to follow the necessary steps with the local licensing board.
ACCOMODATION
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• 60 sq. m (646 sq. ft). Ground floor
• 52 sq. m (600 sq. ft). Basement
• 112 sq. m (1,206 sq. ft). Total
RENT & PREMIUM
We are aiming to rent this property on Full Repairing and Insuring (FRI) terms for £18,000 per annum for a minimum of ten years. The premium sought is £20,000.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £10,000. The uniform business rate for the current year is £0.49 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 ins Scotland is £35,000 or less.
UTILITIES
The utilities serving the property are mains water, gas and electricity.
VAT
There will be no VAT due on the lease.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating of this property is currently pending.
ENTRY
Upon completion of a formal lease under Scots Law.
LEGAL COSTS
Each party shall bear their own legal costs.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, ime DJK Group Ltd.
EPC rating: Unknown. Council tax band: X,