Property Details

161 John Street
Midlothian, Penicuik

Guide price£110,000

Request a Viewing

Property
Description

SITUATION

Jackie’s sandwich bar & takeaway is located at 161 John Street in the popular Midlothian town of Penicuik which lies approximately 10 miles south of Edinburgh City Centre. The unit forms part of a neighbourhood parade of shops occupying a prominent position at the northern end of John Street (A701) before it changes to the Edinburgh Road.

The location benefits from good footfall and passing traffic from children at the near-by school, from local residents and from passing trade due to its main road location.  Nearby occupiers include Tesco, Ladbrokes and Bank of Scotland as well as an industrial estate to the rear of the property. This is the only sandwich bar and take away shop in this part of town.

THE PROPERTY

The subjects occupy the ground floor level of an end terraced two storey property beneath a pitched slated roof in a busy main road location.  There is a residential dwelling directly above.  The frontage is tastefully presented with large display windows to the front as well as glazed double doors.  

The surrounding area is given over to a mix of mainly residential units, the local school as well as other retail and industrial in easy walkable distance. Parking is available outside the premises.

INTERNAL DETAILS

The business is fitted out internally to a high standard with good quality fittings and décor throughout. The serving counter is positioned centrally and benefits from a refrigerated cabinet display which is incorporated within. There are two further fridge units with all other equipment necessary to run the business, such as coffee machine, coffee grinder and Panini maker, located in a generous area behind the counter.

Quality tiled flooring and halogen spotlights give a clean and fresh feeling to the premises on entering.

ANCILLARY AREAS

A fully fitted kitchen preparation area is located behind the sales counter with cooking and food preparation facilities. A staff toilet is located off the kitchen area.

THE BUSINESS

The Sandwich bar benefits from a Class 3 Use. Our clients have owned and operated this business for over five years during which time they have built up a strong local reputation.

The main thrust of the trade is centred on serving quality breakfasts and hot filled rolls; filled rolls, baked potatoes, paninis with a range of soups and hot dishes for lunch & coffees with cakes and biscuits.

The business, which trades 6-days per week, is based on the loyal custom of the local residences, passing traffic, school children and local workers.  There may be scope to develop the business as a sit-in café at the front but our clients have chosen not to develop the sit-in element.

This business offers an opportunity to a first-time buyer or experienced operator to further develop an already profitable operation.

The business trades from 6.30am to 2.30pm six days a week. The business does not open on a Sunday.

The business is run by the owner along with the assistance of one part-time members of staff.

SERVICES

We are advised that all mains services are connected.

STAFF

The business is run by the owner along with the assistance of one part-time members of staff.

TRADING FIGURES

The business presently shows trading figures of circa £70,000 per annum. Full trading information will be made available to seriously interested parties after a formal viewing.

PRICE

The guide price is offers over £110,000 to represent the freehold and the business. Stock at Valuation will be paid in addition to this figure.

RATEABLE VALUE

According to the Scottish Assessors website (www.ssa.gov.uk) the subjects have a rateable value of £5,300. The uniform business rate for the current year is £0.48 in the pound. Occupiers may be eligible for rates relief through the Small Business Bonus Scheme if the combined rateable value of their [premises in Scotland is £35,000 or less.

ENERGY PERFORMANCE CERTIFICATE

The EPC rating is pending.

OFFERS

All offers couched in Scottish legal terms should be submitted to the sole selling agents.

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
  


Property
Overview

  • Property ID:P241
  • Postal Code: EH26 8AT
  • Status:For Sale
  • Type: business
  • Class:3 (Food & Drink)
  • Property Size:n/a sq ft
  • Price:£110,000

Share
This Property

Bill Adams

Bill Adams

If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.

Similar
Properties