Description
63 Home Street, Edinburgh EH3 9JP
Lease Disposal
Class 3 *RESTRICTED* use granted
72 SQ M (775 SQ FT) Ground Floor
48 SQ M (517 SQ FT) Basement
LOCATION
The subject premises are located approximately one mile south of Edinburgh city centre, occupying a position on the southeast of Home Street close to the junction with Lochrin Place. This is an established inner-city district made up of both commercial on the ground floor with residential uses on the upper floors.
Home Street is a busy connecting road to central Edinburgh and the property is located in close proximity to the Kings Theatre. Other retailers in this parade of shops comprise a William Hill’s, Pepe’s Chicken, a Beauty and Nail bar and an e-cigarette shop.
Tollcross is a busy thoroughfare with commuters walking and driving to work as well as tourists walking to and from their accommodation. Tollcross is a busy bus hub with routes leading to all parts of the city and Lothians.
PLANNING
Proposed change of use from class 1 to class 3 restaurant (Japanese Sushi Bar) with restricted cooking and alterations to shopfront has been granted. Details of the permission can be viewed at: https://citydev-portal.edinburgh.gov.uk/idoxpa-web/simpleSearchResults.do?action=firstPage
Description
The premises comprise a single -ground and basement floors unit beneath a pitched roof forming part of a four-storey traditional stone-built Edinburgh tenement. There’s a large double display window fronting onto Home Street with a glazed entrance door to the right protected by roller shutters. The frontage is bright and has excellent sign space above.
Internally the unit has been stripped out to a blank canvas, for potential operators to do their own style of fit out.
The basement is entered from a trapdoor style opening in the middle area or from the common stair. The WC is located to the rear left-hand side of the basement as well as some further storage areas.
This unit would suit various types of Class 3 restricted occupiers, other kinds of operators will be considered also.
RENT AND LEASE TERMS
The current rent is £18,000 on a full repairing and insuring lease with 18.5 years remaining.
A premium of £25,000 is sought for the lease.
ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:
72 SQ M (775 SQ FT) Ground Floor
48 SQ M (517 SQ FT) Basement
RATEABLE VALUE
According to the Scottish Assessors website (www.saa.gov.uk) the property has a Rateable Value of £11,800. The uniform business rate for the current year is £0.49 pence in the pound.
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 and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is F.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, Ime DJK Group Ltd.
commercial@imedjk.co.uk
0131629 5050 option 1
EPC rating: F. Council tax band: X,