Property Details

18 Home Street
Edinburgh, Tollcross

£18,300 P.A.Premium Cost:£60,000

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PropertyDescription

BUSINESS SALE/LEASE DISPOSAL: 18 HOME STREET, EDINBURGH EH3 9LY

* AWARD WINNING CAFE LEASEHOLD FOR SALE *

LOCATION
Home Street is located in the 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 next to Dukes barbers. There are a number of other commercial occupiers in the immediate vicinity including The King’s Theatre, Ladbrokes, First Mortgage and Omnicare Pharmacy.
The area benefits from regular bus services whilst there is a mixture of metered and time restricted parking on Home Street and the surrounding roads.

DESCRIPTION
The subjects comprise a class 3 premises with consent for hot food takeaway. It forms part of a stone-built tenement comprising commercial and residential occupancy.
The unit is a single glass fronted unit with good signage space above And an advertising awning. Internally the layout suits the current café /takeaway use of the current lease holder, the large front shop doubles up as a serving area, seating area with display fridges for products and sales. Towards the rear area is the extraction canopy, coffee machines, cooking equipment and preparation tables.
The back shop is equal in size if not slightly larger, it is well laid out with sinks, fridges, freezers, fryers, prep area’s and shelving systems to keep everything neat and tidy. An ideal space for the catering side of the business.
The WC is located to the rear of the back-shop area.
The property is neat and tidy and in excellent decorative order both internally and externally.

THE BUSINESS
Trading as Thistles Catering the café is one of the busiest most well known in Edinburgh , the with customer ranging from office workers, tradesman, local residents as well as tourists.
Thistles has created a unique home cooked lunch menu that varies everyday and has proved to be very popular as well as their breakfasts, salads, panini’s, filled rolls, soups etc.
Thistles has a friendly atmosphere that has led them to receiving great reviews on Google and Facebook as well as winning various awards.
Thistle’s has built up a strong following of customers from all walks of life which makes for a great atmosphere and the food is highly spoken of with customers travelling miles for their breakfast or lunches.
Trading figures can be discussed with interested parties after viewing the property.

ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:
57m (614 sq ft)

THE LEASE
There is currently Eight and a half years remaining on a full repairing and insuring lease.
The rent is currently £18,300 per annum. There is scope to extend the lease for potential buyers as landlord and tenant have a good relationship.

PREMIUM
A premium of £60,000 is being sought to acquire the leasehold, the business if you wish to run it the same and fixtures and fitting for our client
.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £12,200. The uniform business rate for the current year is £0.49 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.

UTILTIES
The property is served by mains gas, electricity and water.

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is E
A copy of the recommendation report is available on request

VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, IME Property Ltd.

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
EPC rating: E.

PropertyOverview

  • Property ID:P439
  • Postal Code:EH3 9LY
  • Status:For Rent
  • Type:commercial
  • Class:3 (Food & Drink)
  • Property Size:614 sq ft
  • Price:£18,300
  • Premium Cost:£60,000

ExtraInformation

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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.

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