281 Leith Walk
Leith Walk, Edinburgh, EH6

£15,000 pa
Premium Cost: £32,500
Virtual Tour

Property Overview

  • Property ID: P683
  • Postal Code: EH6 8PD
  • Status: For Rent
  • Type: Commercial
  • Class: 3 (Food & Drink)
  • Property Size: 452 ft2
  • Price: £15,000 pa
  • Premium Cost: £32,500

Description

Class 3 Hot Food Takeaway
Lease Disposal
281 Leith Walk EH6 2AU

LOCATION
The subject property is situated centrally on Leith Walk (A900) approximately 1 mile north east of
Princes Street. The Leith area of Edinburgh connects with Broughton, Queens Street, Easter Road and the popular Shore and Leith Docks, which when the tram goes down Leith Walk will be very beneficial. The unit sits on the East side of Leith Walk close to the corners of Dalmeny Street and Jameson Place and is surrounded by a mix of residential tenements, retailers, restaurants, cafes and bars. The amount of passing traffic and trade make this a popular commercial destination.

Public transport links are very good with regular bus routes stopping close to the property. The tram will stop directly outside when the tramline is finished.

DESCRIPTION
The subjects are configured over the ground floor and comprise a single windowed retail unit,
with three floors of residential properties above. Fully kitted out to suit any takeaway style business, the shop benefits from an open plan sales area to the front with waiting area and opens up to the back open plan kitchen are fully fitted stainless steel and a large extraction canopy with cooking equipment such as cookers, fryers fridges etc... There are high level storage solutions, and the rear right of the ground floor is the staff WC.

Other features include Gas combi boiler, Commercial Vinyl Flooring, Cooking Equipment, Fridges and freezers, Stainless Steel Sinks etc?. Please see video.

ACCOMMODATION
According to our recent measurement survey the subject comprise the
following approximate net internal area:

Total 42 Sq m (452 Sq ft)
RENT & PREMIUM
The rent is currently £15,000 per annum
A premium of £32,500 is sought.

LEASE TERMS AND THE BUSINESS
The lease runs to 2030 on full repairing and insuring conditions.
There is scope to extend for 10 years in total.
The business has excellent trading figures and these can be disclosed to interested parties after successful viewings.

RATEABLE VALUE
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £8,700 effective 1st April 2020. The uniform business rate for the current year is 49 pence in the pound. Occupiers may be eligible for 100% 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.

UTILITIES
The property is served by mains electricity, gas and water

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.

ENTRY
Upon completion of a formal missive under Scots Law.

LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT
and Registration Dues.

VIEWING AND FURTHER
INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.
EPC rating: Unknown. Council tax band: X,