Property Details

127 Easter Road
Edinburgh
Edinburgh
, Easter Road

£15,000 P.A.

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PropertyDescription

Popular and firmly established business
Fully furnished & equipped
£15,000 per annum L/H OIRO £170,000 F/H
Suitable for a wide variety of international cuisines
Highly visible trading location in Easter Road

SITUATION

The subject property is located on the west side of Easter Road at the junction of Brunswick Road and is directly opposite St Margaret?s Episcopal Church. The surrounding area is principally residential but there is a strong retail presence too with occupiers such as Tax Assist Accountants, Ladbrokes and Scotmid Co-operative.

The site enjoys excellent passing trade generated by the number of flatted dwellings and tenements in the area and also local businesses.

THE PROPERTY

The subjects comprise a self-contained hot food take-away configured over ground and basement, forming part of a traditional Edinburgh tenement building.

Occupying a highly prominent corner pitch, the property is very visible to passing trade due to its sky blue paintwork and eye catching signage.

There is a roller shutter for security.

INTERNAL DETAILS

The premises is laid out as a traditional take-away with serving counter to the front of the unit along with customer seating. The large window units provide plenty of natural daylight making this a pleasant environment for take-away custom.

Just off to the side of the reception counter is an extensive kitchen with all the facilities you would expect. To the rear of the unit, meanwhile, is a small lobby and WC with steps leading to the basement.

The lighting in the front of house is provided by recessed down lighters set in a suspended ceiling grid. Flooring is laminate with ceramic tiles in the kitchen area.

ANCILLARY AREAS

The well equipped kitchen area is located to the rear of the sales area. It has a variety of commercial catering equipment with full extraction facilities.

Staff and customer toilets are located off the sales area.

THE BUSINESS

Our clients have owned and operated this business for 10 years specialising in traditional Chinese favourites. Our clients have reluctantly placed their business on the market due to retirement.

The business is based on a quality take-away service backed up with a home delivery service to a loyal custom from the densely populated surrounding residential areas. The restaurant currently trades seven days a week.

The business trades under a Class 3 Use and as such the premises is flexible and could be utilised as a variety of takeaways, not just Chinese.

OPENING HOURS

The business trades 7 days per week from 5:30pm to 11pm.

SERVICES

We are advised that all mains services are connected.

STAFF

The business is currently run under management therefore may suit a more hands on approach.

TRADING FIGURES

We are advised that the turnover amounts to circa £1,200 per week. Full trading information will be made available to interested parties after viewing.

GUIDE PRICE

Our client is seeking offers in the region of £170,000 for the freehold interest and goodwill. Stock will be paid in addition to this figure.

Alternatively, our client will consider granting a new lease at £15,000 per annum with a premium sought in addition at offers around £20,000.

RATES

According to the Scottish Assessors website www.saa.gov.uk the subjects are entered into the Valuation Roll effective 1st April 2017 with a Rateable Value of £10,700

VIEWING

Strictly by appointment via the sole selling agents EPC rating: G.

PropertyOverview

  • Property ID:P341
  • Postal Code: EH7 5PP
  • Status:For Rent, May Sell
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:866 sq ft

ExtraInformation

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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.