Description
4 London Road, Edinburgh EH7 5AP
TO LET/LEASE DISPOSAL: CLASS HOT FOOD TAKEAWAY
LOCATION
The subjects are located on London Road, Close to the junction of Maryfield and Easter Road.
Found amongst a parade of highly prominent commercial units, London Road comprises a mixture of commercial and residential properties, with nearby occupiers including A1Kilt Hire, Eastside Bikes, Pretty Woman Bridal shop and significantly, Meadowbank Retail Park.
There is no shortage of regular bus links to destinations across Edinburgh. Leith Walk, Easter Road and the Royal Mile are all major thoroughfares found nearby that connect the vicinity to destinations throughout Edinburgh and beyond.
DESCRIPTION
The property occupies part of a Victorian terraced row with main door access into the ground floor with a wooden staircase going down into the basement level. The property is set up as an Indian style takeaway with excellent street front presence and good signage space.
The front internal area is a good-sized takeaway waiting/serving area with a few tables and chairs if customers require to eat at the premises. The Kitchen is to the rear entered via a double swung door; the kitchen is fully fitted to suit the current occupier but would host different styles of food preparation quite easily if necessary.
The basement is a usable space with handy shelving for stock, there is a new combi boiler fitted in the basement.
ACCOMODATION
According to our recent measurement survey, the subjects comprise of the following approximate net internal area over ground and basement floors:
• Total 73 sq.m 786 sq ft
RENT AND LEASE DETAILS
The rent is £16,800 per annum on Full Repairing and Insuring (FRI) lease terms. There are approximately 14.5 years remaining.
PREMIUM
Our client is seeking a premium of £25,000 for the leasehold, fixtures and fittings
VAT
There will be no VAT due on the lease.
SERVICES
The property is served by mains water, gas and electricity.
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is D.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £11,000. The uniform business rate for the current year is £0.49 pence in the pound (as of April 2023).
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.
LEGAL COSTS
Each party is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.
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.
EPC rating: D. Council tax band: X,