Address: 63 Lothian Road
Size: 530 ft² (49.23 m²)
Price: £22,500 per annum

*NOW LET *

Location

Edinburgh is Scotland’s capital city with a population of circa 495,000 persons increasing to 1.6 million within the Lothian catchment area.

The property occupies a prominent position on the east side of Lothian Road close to the Usher Hall and opposite Festival Square. Nearby retailers are a mix of multiple and local traders to include, Caffé Nero, Nandos, Thérapie, Coletti & Co. and Paper Tiger.

Description

The property comprises a ground floor retail unit within a 4 storey building, the uppers floors given over to residential accommodation

Accommodation

From our measured inspection the property offers the following approximate areas and dimensions;

Gross Frontage:    15’ 7”      (4.75 m)
Net Frontage:        12’ 6”      (3.81 m)
NIA:                          530 ft²     (49.23 m²)

All areas are net of WC accommodation.

Lease Terms

The property is leased for a period of 10 years expiring 27th June 2026. The passing rent is £22,500 per annum subject to a rent review effective June 2021.

Terms

Our clients are inviting offers for the benefit of their leasehold interest.

Entry

Entry will be facilitated upon completion of all legal formalities.

Planning

The unit has the benefit of Class 3 consent.

Rating

We understand from the Assessors website the property is entered in the Valuation Roll as follows:-

Description:                          Hot Food Takeaway
Rateable Value (‘17/’18):       £23,400

Energy Performance Certificate

The property has an EPC Band of G

Legal Costs

Each party to be responsible for their own legal costs, with the sub tenant/assignee being responsible for any reasonable costs incurred by the Landlord.

Viewing

The staff are strictly unaware of any impending disposal and therefore appointments to view should be made through this office.

Sorry, we do not have a brochure for this property.