Situated approximately 2 miles south-east of Edinburgh city centre, Mayfield Road connects the A701 Liberton Road with Ratcliffe Terrace in the city’s popular ‘South Side’. The subject is part of a terrace of properties close to the corner of Mentone Terrace.
The immediate area is predominately residential populated by students, professionals and families but there are also several commercial occupiers nearby including a pharmacy, estate agency, beauty salon and hairdresser.
Public transport links from this location are good with regular bus services to and from the city centre. There are a number of restricted parking spaces directly outside the property with unrestricted spaces on the surrounding streets.
The Mango Tree forms part of a single storey terrace of properties constructed of brick with a flat felt roof.
The large glass frontage, signage and the red décor internally make this a highly recognisable unit to passing trade. The takeaway counter divides the space inside leaving an area just off for a waiting area whilst additional seating is provided by bar stools at the window.
The kitchen comprises of everything you would expect from a hot food takeaway unit of this nature. There is a prep/store room to the rear of the kitchen with a staff WC.
According to our recent measurement survey the premises contain the following approximate net internal area:
40.97 sq m (441 sq ft)
The current passing rent for the property is £12,000 per annum and we have been advised there are 18 years remaining on the lease.
A premium is sought for the existing fixtures and fittings with offers invited.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,500. The proposed Rateable Value effective from 1st April 2017 is £8,900. The uniform business rate for the current year is £0.484 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.
The property is served by mains gas, electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.