Property Details

26 High Street
Midlothian, Penicuik

£16,000 P.A.

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PropertyDescription

LOCATION
Penicuik is a popular and growing Midlothian town on the A701, approximately 10 miles south of Edinburgh City Centre, with over 70,000 residents. The town provides a good range of local facilities including primary and secondary schools and there is a range of well-known businesses in the surrounding area, including: Tesco, Bilston Glen business centre and The Roslin institute.
The A720 Edinburgh City Bypass is only 7 miles from the centre of Penicuik which is served by regular public transport links.

DESCRIPTION
The subjects comprise the first floors of a class 3 licensed restaurant unit of a two-storey traditional building constructed of stone under a pitched and slated roof. There are nine feature windows to the front of the property with an entrance door to the righthand side that leads to a wide staircase that leads up to the restaurant.
Internally, the seating area is rectangular in shape with a bar located centrally to the rear. The WC?s are located to the righthand side above the entrance along with a storage cupboard and a staff/office area and a fire exit that lead to a steel staircase to the back of the building.
The kitchen is to the far left of the restaurant and is entered via a double swinging door. The kitchen is the full depth of the building and approximately 2.45 metres wide. The kitchen is currently set up for Indian cuisine but would suit any kind of restaurateur. The property comes with the benefit of no premium price attached.

ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate internal area:
First floor: 144 SQ M (1,550 SQ FT)

RENT
Our clients are seeking a rental figure of £16,000 per annum.

LEASE TERMS
Our clients are looking to create a new lease on a Full Repairing and Insuring basis for a term to be negotiated, preferably 5 years or more.

RATEABLE VALUE
According to the Scottish Assessor?s website (www.saa.gov.uk) the subjects have a Rateable Value of £13,000. 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.
There are no rates payable with the small business relief for this property.

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

ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.

ENTRY
Upon completion of a formal missive under Scots Law.

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.

VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, Ime DJK Group Ltd.

PropertyOverview

  • Property ID:P531
  • Postal Code: EH26 8HW
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:1,550 sq ft
  • Price:£16,000

ExtraInformation

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