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6A West Maitland St 678 sq ft of Assignment Available in Edinburgh EH12 5DS
Assignment Highlights
- Excellent location
- Close to Haymarket Train Station
- On the tram route
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rate
- Type
| Space | Size | Term | Rate | Type | ||
| Ground, Ste 6A | 678 sq ft | Negotiable | £60.21 /sq ft pa £5.02 /sq ft pcm £40,820 pa £3,402 pcm | Fully Repairing & Insuring |
Ground, Ste 6A
Internally, the unit has a vestibule leading to the restaurant to the left and stairs leading to the basement to the right (front beneath window) The bar greets you near the entrance and then opens to the seating area which has 20-25 covers then another 20-25 cover further back on a slightly raised floor. The kitchen and WC facilities are in the basement. The kitchen is fully fitted with extraction system and has a dumb waiter lift. Rent sought is £40,820 per annum on Full Repairing and Insuring (FRI) terms for a period to be agreed. Preferably 10 years or more. Clients are asking for a £60,000 premium for the lease, fixtures and fittings and the goodwill of the business.
- Use Class: Class 1A
- Assignment space available from current tenant
- Fully Fit-Out as a Restaurant or Café Space
- Located in-line with other retail
- Basement
- Exclusive WC facilities
- Open plan
- Basement
- Storage
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing agent for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
Property Facts
| Total Space Available | 678 sq ft | Net Internal Area (NIA) | 1,119 sq ft |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Shopfront Retail / Residential |
| Total Space Available | 678 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Residential |
| Net Internal Area (NIA) | 1,119 sq ft |
| Year Built | 1900 |
About the Property
6a West Maitland Street, Edinburgh EH12 5DS *LICENSED RESTAURANT* TO LET · Excellent location · On the tram route · Close to Haymarket Train Station · Benefitting from high levels of footfall · Long established and well-known unit · Would suit all varieties of cuisines LOCATION The business is ideally located in the popular West Maitland Street in between Haymarket Train Station and the west end of Princes Street. This area is known for its vast number of offices and is a destination location to go for food with busy restaurants all around the area. West Maitland Street provides excellent transport links, with regular bus services connecting the area to the city centre and surrounding areas. The Tram passes the shop as well as Haymarket train Station located just a short walk away. The area has recently become a lot busier due to the Haymarket development “Haymarket Square” a £350 million development, fit for the future. DESCRIPTION The property comprises the ground and basement floors of a fully licensed restaurant retail unit situated within a traditional building with residential living space above. The frontage has a large window with an entrance door to the left. the property offers excellent visibility and the opportunity for effective product showcasing with adequate sign space and minimal exterior décor. Internally, the unit has a vestibule leading to the restaurant to the left and stairs leading to the basement to the right (front beneath window) The bar greets you near the entrance and then opens to the seating area which has 20-25 covers then another 20-25 cover further back on a slightly raised floor. The kitchen and WC facilities are in the basement. The kitchen is fully fitted with extraction system and has a dumb waiter lift. ACCOMMODATION Based on our recent measurement survey, the property offers the following approximate net internal area: Ground Floor: 63 sq. m (678 sq. ft) Basement: 41 sq. m (441 sq. ft) RENT Rent sought is £44,200 per annum on Full Repairing and Insuring (FRI) terms for a period to be agreed. Preferably 10 years or more. PREMIUM A premium of £60,000 is sought for the leasehold. VAT No VAT. SERVICES The property is connected to mains electricity, gas, and water ENERGY PERFORMANCE RATING The Energy Performance Certificate (EPC) rating is currently Pending. RATEABLE VALUE According to the Scottish Assessors website https://www.saa.gov.uk/ the property has a Rateable Value of £22,000. The uniform business rate for the current year is £0.49 pence 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 will be responsible for their own legal costs incurred in the preparation, negotiation, and completion of the lease documentation, including any applicable LBTT or VAT. ENTRY Access to the property will be granted upon completion of a formal missive under Scots Law. VIEWING AND FURTHER INFORMATION To arrange a viewing or for further information, please contact the sole letting agent, Ime DJK Group Ltd. Please note that all information provided is subject to contract and availability.
- Accent Lighting
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6A West Maitland St
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