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66 Raeburn Pl 492 SF of Assignment Available in Edinburgh EH4 1HJ
ASSIGNMENT HIGHLIGHTS
- Successful Business Located in Highly Desirable Stockbridge Area
- Turn Key Condition, Ready for a New Operator
- Fantastic Levels of Passing Traffic and Footfall
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 492 SF | May 2029 | $56.70 CAD/SF/YR $4.73 CAD/SF/MO $27,899 CAD/YR $2,325 CAD/MO | Fully Repairing & Insuring |
Ground
Offers around £80,000 are sought as a premium for the leasehold interest in the property, the trade fixtures, fittings, furnishings and equipment, excluding personal items, together with the goodwill of the business, which is being sold complete as a going concern. Stock in trade will be sold at valuation on the date of entry. The subjects are offered on the basis of a lease assignation. The rent is £15,000 per annum on a Full Repairing and Insuring Lease. It is a 10 year lease from May 2019 with the next Break Option in 2024 with the lease expiry date May 2029. In addition to the rent there is a £50.00 management fee.
- Use Class: Class 3
- Assignment space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Kitchen
- Private Restrooms
- Display units and cashier area
- Storage space
- Office/staff area
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 492 SF | Gross Leasable Area | 492 SF |
| Property Type | Retail | Year Built | 1897 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 492 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 492 SF |
| Year Built | 1897 |
ABOUT THE PROPERTY
Herbie of Edinburgh is located in the affluent and buoyant Stockbridge district of Edinburgh. A consistently desirable area of the city, Stockbridge is a popular high-end suburb located circa 1 mile to the north west of Edinburgh city centre possessing a very healthy mix of delicatessens, restaurants, cafes and pubs, a good mix of both local and national retailers plus charity and upmarket antique shops. Occupiers within the Stockbridge area include Waitrose; Scran and Scallie; Oxfam; Shelter; Costa; Scotmid; British Heart Foundation; Greggs; Timpsons; Subway; Dominos; Farrow & Ball; Mellis Cheesemonger; Sainsbury’s; Lloyds Pharmacy; Café Nero; Starbucks & Restaurant; Whiskers Wine Cafe and the Raeburn House Hotel. The premises comprises a ground floor retail unit.
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66 Raeburn Pl
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