12 Clerk St 301 SF of Assignment Available in Edinburgh EH8 9HX

12 CLERK STREET, EDINBURGH EH8 9HX CLASS 1a Bubble Tea shop, Lease Disposal LOCATION Positioned on the east side of Clerk Street, just a mile south of Princes Street, this prime spot sits at the heart of Edinburgh's vibrant city centre. The area enjoys exceptional visibility with heavy passing traffic and consistently high footfall, making it a sought-after destination for businesses. Its proximity to the University of Edinburgh ensures a strong student presence, while the surrounding mix of cafes, takeaways, and convenience stores adds to the lively atmosphere. Excellent public transport links serve the location, with multiple bus routes across the city, and nearby streets offer convenient pay-and-display parking. DESCRIPTION Currently run as a successful Bubble Tea Franchise, the subjects comprise the ground and basement floors of a four-storey tenement style building constructed of sandstone with a pitched and slated roof. There are residential flats on the upper levels of the property. Internally, the property has a smart fully fitted sales area with a service counter directly to the left upon entry and benefits for high ceilings throughout the ground floor. Behind the front area the mis-section houses a small office area and a large ice-making machine, there are WC facilities and extra storage towards the rear. The basement is deceptively spacious and comprises two partitioned dry storage rooms which would be suitable for storage or additional staff areas, the basement is accessed from a stair located in the mid-section. ACCOMMODATION According to our recent measurement survey the premises contain the following approximate net internal areas: Ground Floor: 41 sq m (441 sq ft) Basement Floor: 34 sq m (369 sq ft) Total: 75 sq m (807 sq ft) LEASE TERMS The current rent is £20,000 per annum on full repairing and insuring (FRI) lease with 15 years remaining. PREMIUM Our client is seeking £48,000 for their leasehold interest in the property, all fixtures and fittings and any goodwill. RATEABLE VALUE According to the Scottish Assessor's website (www.saa.gov.uk) the subjects will have a Rateable Value of £13,500. The uniform business rate for the current year is £0.49 pence in the pound. Effective from April 2026, currently there are zero rates payable. This may be appealed or transitional rates could be applied for. UTILTIES The property is served by mains electricity and water. ENERGY PERFORMANCE CERTIFICATE The Energy Performance Certificate rating is G A copy of the recommendation report is available on request. LEGAL COSTS Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon. The Landlord shall bear no legal costs; this will have to be agreed between the assignee and assignor. ENTRY Upon completion of a formal missive under Scots Law. VIEWING AND FURTHER INFORMATION By appointment through the sole letting agent, Ime DJK Group Ltd.