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 the High Street .
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 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.
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.
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.)
The rent is £6,000 per annum exclusive of VAT, payable quarterly in advance. Rent is inclusive of service charges, and exclusive of rates and insurance. There is VAT applicable.
Rent will be subject to an upwards-only review after 5 years.
Rent-free period of 12 months provided that tenant invests in the refurbishment to an agreed standard within 9 months of the term commencement.
A lease term of 10 years from and including the date of completion. The tenant can exercise the break option permitted on the third year of the lease, provided that prior notice must be submitted at least three months in advance.
Offers in the region of £25,000 are sought.
Tenant repairs are interior only.
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.
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.
VIEWING AND FURTER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd on 0131 290 2350.