SUBSTANTIAL BAR/RESTAURANT WITH DEVELOPMENT POTENTIAL
The city of Edinburgh has a population of approximately 500,000 persons and is the capital city of Scotland. The city is highly regarded for its architecture and beauty in addition to hosting world class attractions and cultural events, including the Edinburgh Festival and the Edinburgh Hogmanay Party. The city attracts a high number of national and international visitors all year round and is regarded as the UKs most popular city out with London with a great hospitality sector. The City is also a popular residential location with some of the highest value residential property in the country.
Longstone is a residential suburb of Edinburgh approximately 3 miles south west of Edinburgh City Centre located between Slateford and Saughton. Specifically, the subjects are located on Longstone Road which is a busy thoroughfare. The subjects are in a corner, end of terrace, position and form part of a mixed use parade with some residential properties. The Water of Leith lies to the rear. Nearby occupiers include a Chinese takeaway, hairdressers, butchers, chip shop, bookmakers, car showroom, pub and other commercial occupiers. Sainsburys supermarket is a short walk away and the location has good bus and rail links to the city centre with Slateford Train Station nearby.
PROPERTY & DESCRIPTION
The subjects are formed within a two storey building with two storey projections to the rear under pitched roofs clad in tiles. In addition, there are single storey extensions to the side under a flat roof. There are two customer entrances to the front, directly off Longstone Road.
Internally, over the ground floor, the subjects comprise a large open plan bar, with bar servery to the rear, seating approx. 50-60 covers. There is a commercial kitchen to the rear plus customers toilets and beer cellar. Externally there is a beer garden area overlooking the Water of Leith for approx. 24 persons. Access and viewing is required to assess the extent of the collapse to the rear. There is a separately access residential flat included to the first floor.
We assess the subjects have a gross external ground floor area of approx. 265 sq. m. (2,854 sq. ft.).
Please note that the river has caused foundation damage and part collapse to areas at the rear. Viewing strongly advised.
We understand that the premises are connected to all main services including water, gas and electricity. Heating is via a gas fired central heating system.
The premises are entered in the valuation roll at a rateable value of £17,000, effective from the 1st April 2017. A new owner has the right to appeal the rateable value.
The rear extension has part collapsed with stabilisation works being undertaken. This therefore provides a great opportunity to acquire the subjects at an attractive price and develop the subject for existing bar/restaurant or other use. The premises may suit further development for mixed/residential use subject to consent.
The premises are placed on the market at offers over £175,000+VAT for the benefit of the heritable interest, including fixtures and fittings.
The premises have an EPC rating of G. A copy of the EPC will be provided to interested parties.
VIEWING & FURTHER INFORMATION
For further information or to arrange a viewing, please contact Kevin Hunter at the Glasgow office on 0141 331 0650.
Designed & built by Mucky Puddle