Property Details

45-46 High Street
Edinburgh
Edinburgh
, South Queensferry

Offers over£225,000

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PropertyDescription

LOCATION

The premises occupy a prominent location in the centre of South Queensferry in a parade of similar styled properties. Opposite the unit there is car parking with open views north over the Firth of Forth and the three bridges.

THE PROPERTY

The property occupies the ground floor of two retail units (Class 1) with 4 large display windows to the front of the property. The present occupier is a well-known café/take away/ delicatessen operator who have other units in the Lothian area. The present tenants have created a bespoke interior to suit their requirements which has created a warm, welcoming environment to suit all year round local, passing and tourist trade.

THE LEASE

At present there is a 5-year lease in place on a full repairing and insuring basis with an option to extend for a further 5 years. The passing rent is £15,000 PA however there is a rent review due in April 2018.

ACCOMMODATION

According to our recent measurement survey the premises contain the following approximate net internal area:

63.18 sq. m. (680 sq. ft.)

PRICE

Our client is seeking offers over £225,00 for the freehold interest in the property.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £12,600.  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.

UTILTIES

The property is served by mains electricity and water.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is pending.

A copy of the recommendation report is available on request.

VIEWING AND FURTHER INFORMATION

By appointment through the sole letting agent, IME Property Ltd.

LEGAL COSTS

Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.

ENTRY

Upon completion of a formal missive under Scots Law.

 

 

PropertyOverview

  • Property ID:P355
  • Postal Code: EH30 9NN
  • Status:For Sale
  • Type: investment
  • Class:3 (Food & Drink)
  • Property Size:680 sq ft
  • Price:£225,000

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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.