The subjects are located on Rodney Street on the north side of Edinburgh. Rodney Street is a continuation of Broughton Street which leads down to Cannomills and onto Goldenacre. Bodrum Express is located close to Heriothill Terrace and the junction with Broughton Road and Eyre Place. The area is a very popular residential area due to its close proximity to the City Centre which is less than 1 mile away to the south.
There is a bus stop outside the business with regular bus services to the City Centre and beyond.
The subjects currently trade as “Bodrum Express” comprises the ground floor retail unit of a four storey traditional building constructed of stone under a pitched and slate roof. There is a display window to the front of the property with an entrance door. The area is predominantly residential above parades of similar styled retail units however there is a Tesco Superstore within 100 meters on the junction of Broughton Road.
Internally, the unit is a basic rectangular in shape with a front sales area, rear preparation area with a staff and WC for staff. The business has a high specification with a full inventory including a gas range, pizza oven, kebab machine, charcoal grill, hotplate, preparation tables. Fridges, freezers, etc.
The property is currently benefits Class 3 Usage.
According to our recent measurement survey the premises contain the following approximate net internal area:
Ground floor 42sq. m. (452 sq. ft.)
The passing rent is £12,000 per annum.
The subjects are held on a 15 year Full Repairing and Insuring lease with 12 years remaining. A copy of the lease will be available to interested parties once they have viewed.
Our client is seeking offers around £25,000 for the goodwill of the business.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,000. 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 electricity, gas 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.
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.
Upon completion of a formal missive under Scots Law.