Property Details

58 Home Street
Edinburgh
Edinburgh
, Tollcross

£22,000 P.A.

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PropertyDescription

LOCATION

Home Street is located in the busy Tollcross area of Edinburgh which is approximately 0.5 miles south of Princes Street. It is a continuation of Lothian Road which is a principle route connecting the city centre with Bruntsfield, Morningside and the south side.

The subject property is situated on the west side of Home Street close to the junction with Gilmore Place. There are a number of commercial occupiers in the immediate vicinity including banks, post office, barbers, clothes retailers, cinemas, theatres plus several restaurants and cafes. In addition there are a number of student halls of residence in the neighbourhood.

The location also benefits from regular bus services whilst there is a mixture of metered and time restricted parking on Home Street and the surrounding streets.

DESCRIPTION

The subjects comprise a cafe and takeaway business with Class 1 consent.

It is a single shop front with display window which forms the ground and basement floor of a traditional tenement. Many of the original features have been retained such as deep cornicing, high ceilings and feature brick walls to create a bright and welcoming environment.

Internally on the ground floor, the layout provides for a counter, food preparation and window seat area at the front. A photograph galleried corridor leads to a larger seated area to the rear with a mix of bench seating and high tables.

A staircase leads to the basement level where there are WC facilities, office and larger preparation and storage areas housing freezers and fridges.

THE BUSINESS

The cafe operates 7-days-a-week both as a sit in and take away to meet the demands of the loyal local residents, local office workers and tradesmen as well as passing and tourist trade who frequents the cafe. The cafe is set out for 25 covers but with potential to create more. Social media platforms include Facebook, Instagram and Website to encourage and generate followers.

The business sales are at present circa £100,000 per annum. Trading accounts can be provided to interested parties after viewing.

ACCOMODATION

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

119.36 sq m (1,292 sq ft)

RENT

Our clients are seeking £22,000 per annum .

LEASE TERM

Lease terms are flexible but a 5 year full repairing and insuring lease is the expectation.

PREMIUM

Offers in the region of £35,000 are sought including all equipment. (List provided on request).

RATEABLE VALUE

According to the Scottish Assessor's website (www.saa.gov.uk) the subjects have a Rateable Value of £6,400. 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.

UTILITIES

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.

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.

VIEWING AND FURTER INFORMATION

By appointment through the sole letting agent, IME Property Ltd on 0131 290 2350.

PropertyOverview

  • Property ID:P356
  • Postal Code: EH3 9NA
  • Status:For Rent
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:1,292 sq ft
  • Price:£22,000

ExtraInformation

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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.