7 Exchange Crescent, Conference Square, Edinburgh EH3 8AN el: 0131 225 6612
To Let Restaurant Premises
36 Castle Terrace Edinburgh EH1 2EL • • • •
Class 3 (Restaurant) use with provisional licence Established dining locaon 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
LOCATION Located in the shadow of Edinburgh Castle, the area is an established restaurant locaon 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 Spi#al Street on the corner leading westwards along Castle Terrace towards Lothian Road. More precisely the property sits opposite the juncon 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 sq.. DESCRIPTION The subjects comprise a fully fi#ed restaurant with provisional licence, arranged over basement and ground floor of a substanal 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
113 sq m
Basement
419 sq
39 sq m
TOTAL
1,635 sq
152 sq m
LEASE The subjects are offered on the basis of a new Full Repairing and Insuring lease incorporang 5 yearly upward only rent reviews, for a term to be agreed.
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 rang 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 sasfy themselves independently as to the incidence of VAT in respect of any transacon. VIEWING / FURTHER INFORMATION Strictly through the sole leFng agents:Fraser Ramage Direct Dial: 0131 473 3235
[email protected] John Conroy Direct Dial: 0141 270 3176
[email protected] Date of Publicaon: May 2016
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of this 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, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, 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 must 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