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320-326 Morningside Rd 454 SF of Assignment Available in Edinburgh EH10 4QJ
Assignment Highlights
- The property is located on the west side of Morningside Road
- Traditional stone tenement building
- Morningside benefits from high levels of pedestrian and vehicular traffic
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste 324 | 454 SF | Dec 2045 | $59.46 /SF/YR $4.95 /SF/MO $26,993 /YR $2,249 /MO | Fully Repairing & Insuring |
Ground, Ste 324
Internally, the accommodation is well presented and arranged to provide a welcoming restaurant area to the front, a staircase leading to the basement is in the central area, that leads down to a storage area and WC.
- Use Class: Class 1A
- Assignment space available from current tenant
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Demised WC facilities
- Open plan
- WC
- Storage
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.
Select Tenants at 320-326 Morningside Rd, Edinburgh, EDH EH10 4QJ
- Tenant
- Description
- UK Locations
- Reach
- The Deli
- Retailer
- 1
- -
| Tenant | Description | UK Locations | Reach |
| The Deli | Retailer | 1 | - |
Property Facts
| Total Space Available | 454 SF | Gross Leasable Area | 2,952 SF |
| Property Type | Retail | Year Built | 1990 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 454 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,952 SF |
| Year Built | 1990 |
About the Property
TO LET/LEASE DISPOSAL Class 3 / Restaurant 324 Morningside Road, Edinburgh EH10 4QJ LOCATION The property is located on the west side of Morningside Road, a highly popular mixed-use thoroughfare with a strong retail presence connecting to Bruntsfield, approximately 1 mile south-west of Edinburgh city centre. Morningside benefits from high levels of pedestrian and vehicular traffic and serves a densely populated residential area with a strong mix of local retailers, cafés, and service businesses. Nearby occupiers include M&S Foodhall, Boot The Chemists, , Soderberg, and several independents and food operators DESCRIPTION The subjects comprise a ground floor Class 3 unit within a traditional stone tenement building. The premises benefit from a glazed frontage providing excellent natural light and visibility to passing trade with excellent signage space above. Internally, the accommodation is well presented and arranged to provide a welcoming restaurant area to the front, a staircase leading to the basement is in the central area, that leads down to a storage area and WC. The back of the unit has an open plan kitchen area with extraction fitted; this would suit a wide variety of cuisines looking for a cosy restaurant or café. More seating could be added in the space in front of the kitchen, and the kitchen could be closed off. ACCOMMODATION According to our recent measurement survey, the premises comprise the following approximate net internal areas: Floor Area (sq. m.) Area (sq. ft.) Ground Floor 42 sq. m. 454 sq. ft. Basement 20 sq. m. 215 sq. ft. Total 62 sq. m. 667 sq. ft. RENT & LEASE TERMS The current rent is £20,000 per annum. The property is on a Full Repairing and Insuring (FRI) lease with 20 years remaining. PREMIUM Our client is seeking offers over £45,000 for an assignation of lease, they would consider a sub-lease too, with terms to be discussed. RATEABLE VALUE According to the Scottish Assessors Association website, the current Rateable Value is £17,000 UTILITIES The property is connected to mains water, and electricity. ENERGY PERFORMANCE CERTIFICATE The Energy Performance Certificate (EPC) rating is G. LEGAL COSTS Each party will bear their own legal costs in the preparation of the lease. The incoming tenant will be responsible for Registration Dues and Land and Buildings Transaction Tax (LBTT) applicable. The landlord shall bear no cost. ENTRY Entry will be available upon completion of formal missives under Scots Law. VIEWING AND FURTHER INFORMATION Strictly by appointment through the sole letting agents: Ime DJK Group Ltd 0131 629 5050 Commercial@imedjk.co.uk
- Storage Space
Presented by
320-326 Morningside Rd
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