Property Details

151-157 High Street
East Lothian
East Lothian
, Tranent

£7,400 P.A.Premium Cost:£35,000

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PropertyDescription

LOCATION
Tranent is a commuter town in East Lothian in Scotland with a population of approximately 12,000 people. The town lies just off the A1 route, 11 miles to the east of Edinburgh and is well served by local bus routes.

The subject property is situated on the east side of the High Street opposite St Martin of Tours Catholic Church and within the Asda store. There are a number of commercial occupiers in the immediate vicinity including banks, post office, barbers, Greggs and news agents. The Asda store has been fully renovated in the last five years and is very busy with hungry customers.

The location also benefits from regular bus services whilst there is free parking in the Asda car park and on the High Street .

DESCRIPTION
The subjects comprise an award-winning café/tea room situated within Asda supermarket.

The Tea Room frontage are fully glazed aluminium frame windows which make the area bright and visible from the car park. The entrance is an opening which flows out to the store just to the right-hand side of the main supermarket entrance. The décor is fresh and light as you would expect for a shop connected to a major retailer and provides a welcoming environment.

Internally, the layout is simple and ideal for the current user and any ingoing tenant. The seating area currently seats 44 covers with plenty of room for waiting. There is a store/larder to the rear right hand side, shared toilets for the Asda/Tea Room customers and a fully fitted kitchen to the rear left-hand side with coffee service area just outside the kitchen, this area get locked up every night by means of a sliding bi-fold door.

Currently there is no frying of foods although a deal could be agreed to do such and grow the business further.

THE BUSINESS
The Tea Room operates 7 days a week both as a sit in and take away to meet the demands of the loyal local residents, shoppers and School kids as well passing trade frequenting the Tea Room. The Tea Room is set out for 44 covers but with potential to create a little more. The owner has run the Tea Room for the last 14 years previously within Co-Op and now with Asda and is looking to retire due to ill health.

The main business is home-baking, tea and coffee, soups and sandwiches. There is scope to add more business on the hot food side with cheap rent and customers on your doorstep.

The business is currently doing £2,500 per week. Trading accounts can be provided to interested parties after viewing.

ACCOMODATION
According to our recent measurement survey the premises contain the following approximate internal areas:

Gross: 79 sq. m. (850 sq. ft.)
Net: 59 sq. m (635 sq.ft.)

RENT
The rent is currently £7,400 per annum the landlord is looking to raise the rent to £8,000 per annum.
All inclusive of rates and utilities.

LEASE TERM
There is 2 years remaining on the current lease. A 5 - 10-year extension or a new 5 - 10-year Internal repairing and insuring lease can be obtained.

PREMIUM
Offers over £35,000 are sought including all equipment. (List provided on request see photos).

RATEABLE VALUE
N/A

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.

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:P397
  • Postal Code: EH33 1LP
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:850 sq ft
  • Price:£7,400
  • Premium Cost:£35,000

ExtraInformation

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