31 Lothian Road, Edinburgh, EH1 2DJ

The development opportunity is the old Caley/Cinema based over Lower Ground, Ground and Balcony levels. At present the premises is fitted out as a night club but presents an exciting development opportunity. The former cinema comprises a four storey Grade B listed façade with access through reception doors to the south west corner. Internally, the four-storey front section of the building provides a foyer area leading to the main auditorium area and male, female and disabled toilets. The upper floors are given to staff, office and storage areas. The main auditorium, with a suspended ceiling and recessed lighting is underneath the balcony area. The balconies are accessed by staircases from the main auditorium. Location: Lothian Road forms a major arterial route at the west end of Edinburgh city centre, linking with Princes Street to the north and Tollcross to the south, with Edinburgh Castle rising directly from the East. Lothian Road sits at the heart of Edinburgh's business exchange district and benefits from substantial passing trade from office workers, shoppers and commuters. Accommodation: The premises have been measured in accordance with the RICS Code of Measuring Practice (6th Edition). We estimate the net internal floor area (NIA) floor to be approximately 1,310 m2 (14,110 ft2). Restrictive Covenant: Our clients are unwilling to sell their interest in this property to a nightclub/pub operator Legal Costs: Each party will be responsible for their own legal costs incurred in this transaction. With the ingoing tenant being responsible for any stamp duty, land tax and registration dues incurred VAT: VAT will be payable on the purchase price.