38-40 Clerk Street
Newington, Edinburgh, EH8

£60,000 pa

Property Overview

  • Property ID: P791
  • Postal Code: EH8 9HX
  • Status: For Rent
  • Type: Commercial
  • Class: 3 (Food & Drink)
  • Property Size: 1055 ft2
  • Price: £60,000 pa

Description

TO LET

CLASS 3 RESTAURANT
10-year lease available
NO RENT REVIEWS
NO PREMIUM

38-40 Clerk Street, Edinburgh, EH8 9HX
Location
The unit is located on Clerk Street, which is in the popular Newington area of Edinburgh, just a mile from the City Centre. Clerk Street forms part of the main arterial road into Edinburgh from the south leading onto the Bridges and subsequently Princes Street. The surrounding area is densely populated with a large student population due to the various Edinburgh University Campuses. The premises is directly opposite the old ODEON cinema that is due to be refurbished soon.
The property is situated in a parade of similar styled retail units with three storeys of residential properties located above. Other retailers close by include Yifang Taiwan Fruit Tea, Armstrong’s vintage clothing and Marmaris Kebab House, as well as a wide selection of local artisan retailers, delicatessens, bars, restaurants, cafés and services.

Description
This premises is a double class 3 unit and has recently been used as a Thai restaurant for a good number of years. Internally the unit has been renovated to a clean turn key condition restaurant, the front seating/dining area stretches all the way from left to right connecting the space (approximately forty covers), the kitchen is located to the rear left hand side and is an open style kitchen, fully fitted to suit a variety of cuisines, there is a bar/tea/juice preparation area to the rear right hand side which is also fully fitted. The WC is located near the middle-left side of the unit.
The basement is entered via a door to the rear right with a stairway leading to a staff WC and then lots of storage space, the space is equipped with lots of fridges and freezer as well as the CCTV. There is ample room for storing lots more stuff, there are rice cooker and other equipment there that would suit some Asian cuisines.
Externally the unit has two large windows as well as two doors, excellent signage space above with a lightbox ready for a new company sign and has removable bespoke tables that can be easily removed and fitted for another six covers.

Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground Floor: 66 SQ M (710 SQ FT)
Basement: 32 SQ M (344 SQ FT)
Total: 98 SQ M (1,055 SQ FT)

Rating
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £16,700.

Rent
The rent for this property is £5,000 per month on full repairing and insuring terms and conditions for a period of ten years straight. No rent reviews and no premium required. The lease must be guaranteed by a suitable person.

Services
The property has mains water, gas and electricity.
Energy Performance Certificate

The EPC rating is Pending
A copy of the EPC and recommendation report can be provided upon request.

Entry
Entry will be upon completion of a formal missive under Scots Law.

Legal Costs
Each party is responsible for their own legal costs but the ingoing tenant will be liable for any Registration Dues and LBTT relating to this transaction.

Viewing
Strictly by appointment via the sole selling agents

Contact
Ime DJK Group Ltd 0131 629 5050 – commerical@imedjk.co.uk

EPC rating: Unknown. Council tax band: X,