Restaurant/Bistro Premises, Colinton, Edinburgh

Restaurant/Bistro Premises, Colinton, Edinburgh

Property Details

Type:
Restaurants
Lease:
Freehold or Leasehold
License:
Full Premises License, Hot Food Consent
Price:
Offers Over £15,000
Reference:
1901
EPC Rating:
G

Property Description

  • Offers Over £15,000

Situation

The business premises are locatied in the heart of Colinton Village on the South West side of Edinburgh in close proximity to the A720 city bypass.  Positioned at the junction of Bridge Road with its intersection with Woodhall Road and Colinton Road, this attractive cottage-style property is one of Colinton's historic landmarks.

Located c4miles from Edinburgh City Centre, Colinton is an affluent district with mainly privately owned housing and a full range of amenities from primary shcools, a library, medical centre, dentist, post office and pharmacy.  In addition to this Licensed Premises on offer, other operators include the Colinton Inn, Spylaw Tavern and Dantes restaurant, a neighbouring Co-op and several other retailers.

Description

The premises occupy ground floor and basement of an extended detached "cottage style" property formed under a pitched and red slated roof.  The exterior facade is rendered and painted in a distinctive dark teal blue and currnetly occupied by The Pantry Cafe/Bistro with 2 large multipaned oriel windows and south facing.

Tenure

The business premises is currently occupied but on a rolling lease.  Our clients, (the landlords)are offering a new FRI lease on the premises for 10 or 15 years with 5 yearly rent reviews.  Starting rent is £30,000 per annum. Freehold option available - All Offers Invited.

Rateable Value

We are advised by the Rates Authority that the Rateable Value for the premises with effect from 1 April 2017 is £48,800. (Each new occupier has the right of appeal against this figure).  Based on a rate poundage of 49p for 2019/20 the estimated rates liability is £23,912

 

All viewing arrangements strictly by appointment through The Restaurant Agency.  No direct to approach to existing operators please.

 

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