The town of Bonnyrigg, with a population of approximately 16,000, is one of a cluster in Midlothian which sit on the periphery of Edinburgh, approximately 8 miles south-east of the city centre and 3 miles from the (A720) Edinburgh City Bypass.
The subject property is situated on the corner of Dundas Street and Lothian Street which connects directly with the High Street. There is a range of commercial businesses nearby including a post office, betting shop, bank and several hot food takeaways.
In addition to regular bus links to the city centre, there is rail connectivity to Edinburgh Waverley from Eskbank Station via the Borders Railway.
The subjects comprise the Food Palace Chinese Takeaway forming the ground and first floor of a three storey stone built building. It has a large glazed shop front and is painted a striking blue colour externally.
The takeaway comprises of a customer waiting area and staff serving counter with a kitchen area and store situated to the rear. In the middle is a staircase leading up to what is currently storage but could potentially be converted into a one bed flat (subject to securing the necessary planning consent) with its own separate street access off Dundas Street.
According to our recent measurement survey the premises contain the following approximate areas:
Ground Floor: 34 sqm (366 sq ft)
First Floor: 38 sq m (409 sq ft)
Total 72 sq m (775 sq ft)
Our client is seeking offers over £225,000 for the heritable interest in the property.
Alternatively, our client will consider leasing the property.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £6,100 effective 1st April 2017. The uniform business rate for the current year is 46.6 pence in the pound.
Occupiers may be eligible for 100% 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, on 0131 290 2350.