Description
Tenure: Freehold
TO LET / MAY SELL
Duke Street, Edinburgh EH6 8HH
Class 3 Restaurant
LOCATION
The premise is situated in Leith, along Duke street in a parade of similar units, just around the corner of the junction to Leith Walk, a major thoroughfare connecting Leith to the City Centre, also one of Scotland’s most populated streets.
There is no shortage of public transport links to all areas, with bus stops all around, as well as the tram line furthering this connection. Amenities such as the Leith Links, and the New Kirkgate Shopping Centre are all within a few minutes’ walk away.
DESCRIPTION
The subjects are located on the ground and basement floors of a commercial unit within a tenement building. Access to the property is through a glazed aluminum door; the space consists of two shops that have been combined to create a spacious restaurant with a prominent frontage.
Upon entering, you're welcomed by a reception area, the main open space accommodates 24 covers and is designed for both sit-in dining and takeaway service. The décor is bright and inviting, complemented by a fully equipped kitchen that has previously specialized in Indian cuisine, but could be altered to suit any cuisine. Additionally, a sizable basement offers extra storage.
The WC is located towards the rear of the property.
ACCOMODATION
According to our recent measurement survey, the subjects comprise the following approximate net internal area:
- Ground Floor 67 sq. m (717 sq. ft).
- Basement 54 sq. m (585 sq. ft)
- Total 121 sq. m (1,302 sq. ft)
RENT
Our clients are looking to lease the premises on Full Repairing and Insuring (FRI) terms for £20,000 per annum for a term to be agreed.
PREMIUM
£15,000 for the leasehold, fixtures, and fittings.
MAY SELL PRICE
Offers over £250,000 for the freehold interest.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £14,100. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2023).
UTILITIES
The utilities serving the property are mains water, gas, and electricity.
VAT
There will be no VAT due on the lease or sale
ENERGY PERFORMANCE CERTIFICATE
The EPC rating of this property is currently pending.
ENTRY
Upon completion of a formal missive 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, Tenure: Freehold,