7 Exchange Crescent, Conference Square, Edinburgh EH3 8AN el: 0131 225 6612 Fax: 0131 225 5766
To Let Restaurant Premises
36 Castle Terrace Edinburgh EH1 2EL
Class 3 (Restaurant) use with provisional licence Established dining location Nearby occupiers include The Castle Terrace Restaurant and Timberyard Entry available from September 2016
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 588866
Leeds 0113 243 6777
Dundee 01382 227900
London 020 7436 1212
LOCATION Located in the shadow of Edinburgh Castle, the area is an established restaurant location and home to some of the most well respected restaurants in Edinburgh including The Castle Restaurant and Timberyard. It is situated within easy walking distance of the main retail and commercial centres of Princes Street, George Street and Lothian Road. The property is situated at the north west of Spittal Street on the corner leading westwards along Castle Terrace towards Lothian Road. More precisely the property sits opposite the junction with Lady Lawson Street and the entrance to Argyll House, one of the largest office buildings in Edinburgh, which has recently seen Edinburgh University lease 60,000 sqft. DESCRIPTION The subjects comprise a fully fitted restaurant with provisional licence, arranged over basement and ground floor of a substantial stone built terrace building. The ground floor consists of an open plan restaurant and kitchen area with rear stair leading to basement stores. There is also a fire escape from the basement leading back up to Castle Terrace via a common external stairwell. ACCOMMODATION The subjects have the following approximate areas:Ground Floor
1,216 sq ft
113 sq m
Basement
419 sq ft
39 sq m
TOTAL
1,635 sq ft
152 sq m
RENTAL Rental offers in excess of £35,000 per annum exclusive are sought. ENERGY PERFORMANCE CERTIFICATE A copy of the EPC is available upon request. RATING We understand from the Local Assessor’s website that the subjects have the following rating assessment:Rateable Value UBR (2016/17) Rates Payable
£28,700 £0.484 £13,890 (exclusive of water / sewerage)
LEGAL COSTS Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable. VALUE ADDED TAX Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction. VIEWING / FURTHER INFORMATION Strictly through the sole letting agents:John Conroy Direct Dial: 0141 270 3176
[email protected] LEASE The subjects are offered on the basis of a new Full Repairing and Insuring lease incorporating 5 yearly upward only rent reviews, for a term to be agreed. Date of Revision: January 2017
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, an d do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupati on, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but m ust satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property.
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 588866
Leeds 0113 243 6777
Dundee 01382 227900
London 020 7436 1212