Description
137 Restalrig Road, Leith, Edinburgh EH7 6HN
TO LET/MAY SELL
LOCATION
The subject premises are located in Restalrig Road which lies in the east end of Edinburgh and connects to Leith Links public parks to the north. The unit is located on the corner adjoining Restalrig Circus opposite the opening to Alemoor Park. Restalrig Road also leads to Lochend to the south.
The premises are located a 10-15-minute walk away from Easter Road Football Stadium and is a destination to many fans on matchdays. Easter Road itself is a heavily populated prime mixed-use area with a thriving community and a combination of national retailers, artisans with cafes and bars. There are excellent public transport links serving the city centre with a bus stop located 50 meters from the premises giving access to all parts of the city.
DESCRIPTION
The subjects comprise a self-contained ground floor public house forming part of a traditional stone-built building extended to suit its current use as a Public House with a residential flat above.
Internally, the unit is an ideal bar/lounge space with high ceilings, good lay out with cellar/storage space towards the rear. The main bar area is a regular shaped long rectangular bar with plenty of seating and standing area with doors leading out to a secluded beer garden. The front bar area to the right-hand side has recently been used as a café, there is scope to utilise this space in a way that would suit potential occupiers.
The unit also has a kitchen area for preparing food.
ACCOMODATION
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
209 sq. m (2,250 Sq. Ft)
RENT
Our clients are seeking a rent of £40,000 per annum to let the premises on a new Full Repairing and Insuring (FRI) lease for a term to be agreed.
VAT
There will be no VAT due on the lease.
SERVICES
The property is served by mains water, gas, and electricity.
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is G.
RATEABLE VALUE
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £19,500
00. The uniform business rate for the current year is £0.49 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 is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd.
EPC rating: G. Council tax band: X,