Commercial property to let in Crighton Place, Leith Walk, Edinburgh EH7

Lease Disposal
31 Crighton Place, (Leith Walk) Edinburgh EH7 4NY
Class 3 Caf?/Coffee Shop

Location

The subject property is situated on Crighton Place, part of Leith Walk (A900) approximately 1 mile northeast of Princes Street. The Leith area of Edinburgh connects with Broughton, Queens Street, Easter Road and the popular Shore and Leith Docks, which when the tram goes down Leith Walk will be very beneficial. The unit sits on the East side of Leith Walk between to the corners of Albert Street and Iona Street and is surrounded by a mix of residential tenements, retailers, restaurants, cafes and bars. The amount of passing traffic and trade make this a popular commercial destination.

Public transport links are very good with regular bus routes stopping nearby to the property as well as the tram.

Description

The subjects are configured over the ground and basement floors and comprise a single windowed retail unit, with four floors of residential properties above. The unit is fitted out immaculately on the ground floor and has beautiful lighting throughout that really stands out, the d?cor and furnishings are in keeping and very tastefully done. Once inside the space feels a lot larger than the frontage suggests. The Kitchen area lies in the back shop are and again is fitted out well and spotlessly clean and tidy.

The basement is entered from timber straight flight stair at the right-hand side of the seating area leading to an excellent space for lots of storage as well as customer toilets. There is window to the rear of the basement and potential to develop a further space within, and there is still ample space for storage thereafter.
The unit has the addition of 3 phase electricity.

Accommodation

According to our recent measurement survey the subjects comprise the
following approximate net internal area:

Gf: 45 Sq m (484 Sq ft)
bf: 58 Sq m (624 Sq ft)

Total 103 Sq m (1,108 Sq ft)

Rent & lease details

The rent will be £15,000 per annum, on full repairing and insuring terms with 10 years available for a good covenant incoming.

Premium

A premium of £40,000 is sought for the fixtures and fittings, the leasehold and any goodwill.
Everything is included in the price except the coffee machine and the grinder that are currently leased. An inventory can be provided for potential purchasers.

Rateable value

According to the Scottish Assessor?s website () the subjects have a Rateable Value of £4,400. The threshold for full rates relief under the Small Business Bonus Scheme has changed for the financial year 2024/25. For properties with a rv between £12,001 and £15,000 the award is now 25%. The uniform business rate for the current year is £0.498 pence in the pound.

Utilities

The property is served by mains electricity, gas and water.

Energy performance certificate

The Energy Performance Certificate rating is B.
A copy of the recommendation report is available on request.

Entry

Upon completion of a formal missive under Scots Law.

Legal costs

Each party shall bear their own legal costs with the eventual tenant liable for any LBTT
and Registration Dues. Both assignee and assignor will be responsible for the landlord?s legal expenses in the process of consenting to the assignation.

Viewing and further
information

By appointment through the sole letting agent, Ime djk Group Ltd.