199 St John’s Road, Corstorphine, Edinburgh EH12 7UU
LEASE DISPOSAL/BUSINESS SALE
CLASS 3 RESTRICTED
The property occupies a direct position on the Main Street in Corstorphine’s St John’s Road. Close to the junction of Manse Road, tucked in next to a row of neighbouring occupiers. Corstorphine’s main shopping thoroughfare is just outside with local occupiers including Farmer’s Autocare, Royal Bank of Scotland, and Domino’s Pizza.
Edinburgh City Centre and airport can be accessed by regular public transport links including buses and trams. Edinburgh’s City Bypass is a 5-minute drive offering routes all over the city.
The subjects are configured over the ground floor forming part of its own stand-alone building with excellent street frontage. The uninterrupted open floor plan makes this property suitable for its current use as a deli/coffee shop. The shop frontage is beautifully done wit a decked seating area for customers, the front also has retractable awnings and attractive signage and lighting.
Additionally, the occupiers have formed a conservatory style garden room to the rear of the property to create more space for diners.
The main shop is fully kitted out with equipment to run such a business, coffee machine (rented), display fridges, sinks, dishwasher to name a few. The DDA compliant WC is located to the front left near the entrance.
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• 42 sq. m (452 sq. Ft)
• 18 sq. m Garden Room
• 15sq. m Front decking area
RENT & LEASE TERMS
There are 8.5 years remaining on full repairing and insuring terms and conditions. The current rent is £18,000 per annum. The lease is extendable and can be done immediately if required.
Our clients are asking for a £37,500 premium for the lease, fixtures and fittings and the goodwill of the business.
Bennitos has taken Corstorphine by storm and has been an excellent addition to Corstorphine’s High Street, they have a good social media presence, and all the locals know the shop very well. The Deli offers take away or sit in Pasta, antipasti, salads, sandwiches, soups as well as excellent coffee, gelato and meats and cheeses. Internally at the moment there is space for 6-9 covers with a further 10 outside at the front and a further 18-20 to the back in the conservatory/garden room. The business is showing strong trading figures and interested parties can be privy to this information once they have shown the strength of their covenant status.
There will be no VAT due on the lease.
The property is served by mains water, and electricity.
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is currently pending.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £10,600. 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.
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.
With both Assignee and Assignor contributing 50-50 on the landlords costs.
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: Unknown. Council tax band: X,