87 St Leonards Street
Newington, Edinburgh, EH8

£9,583 pa
Premium Cost: £40,000
Virtual Tour

Property Overview

  • Property ID: P731
  • Postal Code: EH8 9QY
  • Status: For Rent
  • Type: Commercial
  • Class: 3 (Food & Drink)
  • Property Size: 423 ft2
  • Price: £9,583 pa
  • Premium Cost: £40,000

Downloads

Description

Superb Hot Food Unit in Busy Student Area of Edinburgh

• Quality Class 3 Unit
• Situated in popular student area
• Quality fixtures and fittings throughout
• Good footfall
• Specialises in Asian Barbecue and would suit any cuisine

87 St Leonards Street
Edinburgh
EH8 9QY

LOCATION

The premises are located on St Leonard’s Street, which is in the popular Newington area of Edinburgh, just a mile or so south of the City Centre. The street forms part of the main thoroughfare from the south onto the Pleasance and subsequently to the Royal Mile. The surrounding area is densely populated with a large student population due to its easy access to the city’s universities.
The property is surrounded by many complimentary businesses with a wide se-lection of bars, restaurants, shops and services and although this is a very built-up area both the Meadows to the west and Holyrood Park to the east are both reachable within a few minutes’ walk.

DESCRIPTION

The eatery occupies a single frontage shop with bright colours surrounding a large display window with space for signage above. The property occupies the ground floor of a traditional tenement style property.
The unit has a modern, contemporary, and welcoming interior and whilst only accommodating just over 18-20 covers with ease.

The service counter/sales area is located along the back wall of the front area with the seating positioned along both sides. The interior is complimented with a traditional tiled floor with spot and feature lighting throughout.

The kitchen is to the rear of the property and is fully fitted out to a high spec and is also very clean and tidy. There is too much equipment to list but an inventory can be requested for interested parties. The WC is located to the rear left beside a storage cupboard and a door that leads to the common stair.

ACCOMODATION

According to our measurement survey and the Scottish Assessors website the approximate internal area is:

Ground floor: 39 SQ M (423 SQ T)

CONSENT

We are informed that the property has full Class 3 hot food takeaway consent.

RENT AND TERM

Current rent is £9583.00 per annum on a full lease, full repairing and insuring conditions

PREMIUM

The asking price is £40,000 to represent the goodwill of the trade that has been built up, fixtures and fittings and the remaining lease period of 12.5 years approximately.

RATEABLE VALUE

According to the Scottish Assessors Association the property has a rateable value of £8,000 as from the 1st of April 2023.

VIEWING

Strictly by appointment via the sole selling agents Ime DJK Group Ltd. Phone 0131 629 5050 or email commercial@imedjk.co.uk.

OFFERS
All offers couched in Scottish legal terms should be submitted to the sole selling agents Ime DJK Group Ltd.

EPC rating: Unknown. Council tax band: X,