Description
6a West Maitland Street, Edinburgh EH12 5DS
*LICENSED RESTAURANT*
TO LET
· Excellent location
· On the tram route
· Close to Haymarket Train Station
· Benefitting from high levels of footfall
· Long established and well-known unit
· Would suit all varieties of cuisines
LOCATION
The business is ideally located in the popular West Maitland Street in between Haymarket Train Station and the west end of Princes Street.
This area is known for its vast number of offices and is a destination location to go for food with busy restaurants all around the area.
West Maitland Street provides excellent transport links, with regular bus services connecting the area to the city centre and surrounding areas. The Tram passes the shop as well as Haymarket train Station located just a short walk away.
The area has recently become a lot busier due to the Haymarket development “Haymarket Square” a £350 million development, fit for the future.
DESCRIPTION
The property comprises the ground and basement floors of a fully licensed restaurant retail unit situated within a traditional building with residential living space above. The frontage has a large window with an entrance door to the left. the property offers excellent visibility and the opportunity for effective product showcasing with adequate sign space and minimal exterior décor.
Internally, the unit has a vestibule leading to the restaurant to the left and stairs leading to the basement to the right (front beneath window) The bar greets you near the entrance and then opens to the seating area which has 20-25 covers then another 20-25 cover further back on a slightly raised floor.
The kitchen and WC facilities are in the basement. The kitchen is fully fitted with extraction system and has a dumb waiter lift.
ACCOMMODATION
Based on our recent measurement survey, the property offers the following approximate net internal area:
Ground Floor: 63 sq. m (678 sq. ft)
Basement: 41 sq. m (441 sq. ft)
RENT
Rent sought is £44,200 per annum on Full Repairing and Insuring (FRI) terms for a period to be agreed. Preferably 10 years or more.
PREMIUM
A premium of £60,000 is sought for the leasehold.
VAT
No VAT.
SERVICES
The property is connected to mains electricity, gas, and water
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is currently Pending.
RATEABLE VALUE
According to the Scottish Assessors website https://www.saa.gov.uk/ the property has a Rateable Value of £22,000. The uniform business rate for the current year is £0.49 pence in the pound (as of April 2023).
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.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the preparation, negotiation, and completion of the lease documentation, including any applicable LBTT or VAT.
ENTRY
Access to the property will be granted upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
To arrange a viewing or for further information, please contact the sole letting agent, Ime DJK Group Ltd.
Please note that all information provided is subject to contract and availability.
EPC rating: Unknown. Council tax band: X,