Description
RESTAURANT & TAKEAWAY
FOR SALE
Potential development opportunity
62 Clerk Street, Loanhead, EH20 9RG
Location
The unit is located on Clerk Street, which is in the popular Loanhead area Just 5 miles south from Edinburgh City Centre. Clerk Street forms the main shopping parade/high street in Loanhead, which is a busy town in Midlothian with many residents and a growing population with a lot of new buildings recently built at both Straiton and Bilston respectively.
The property is situated within a parade of similar styled retail units with residential above. Other retailers close by include Scotmid and Porteous Funeral directors, as well as a wide selection of national retailers at Straiton Retail Park.
Description
This premises is a fully fitted Chinese restaurant class 3 unit, recently used only for takeaway during the pandemic. The property is one of the only single storey retail units on the street and has the addition of a large garden to the rear.
Upon entering the shop there is a large restaurant area which has been partitioned off to create a smaller takeaway space. The bar and customer toilets are located centrally with the kitchen and storage/prep areas to the rear. There is a back door that leads to a 20m x 8m garden. The roof and flat roof to the rear has recently been re slated and felted.
This unit would make an excellent local restaurant or takeaway or there’s potential for a commercial to residential conversion extending out the back and up the way.
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
103 SQ M (1,109 SQ FT)
Rating
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £15,200. The uniform business rate for the current year is £0.49 pence in the pound.
Occupiers may be eligible for rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
Sale Price
We are seeking offers over £175,000 for the freehold purchase of this property.
Services
The property has mains water, gas and electricity.
Energy Performance Certificate
The EPC rating is Pending
A copy of the EPC and recommendation report can be provided upon request.
Entry
Entry will be upon completion of a formal missive under Scots Law.
Legal Costs
Each party is responsible for their own legal costs but the ingoing tenant will be liable for any Registration Dues and LBTT relating to this transaction.
Viewing
Strictly by appointment via the sole selling agents
Contact
Ime DJK Group Ltd 0131 629 5050 – commerical@imedjk.co.uk
EPC rating: Unknown. Council tax band: X,