Property Details

104 Newhaven Road
Edinburgh, Newhaven

Offers over£118,000

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PropertyDescription

104 Newhaven Road, Edinburgh EH6 4BS

Café/Takeaway, Class 3

INVESTMENT SALE

LOCATION

The subjects present a rare opportunity to acquire the freehold of this property with a tenant in place in a popular location within in the Leith/Newhaven area.

The Café/Takeaway is situated on the East side of the Newhaven Road the busier side of the street close to Ferry Road in between Pitt Street and Graham Street.   The immediate area hosts a number of small businesses including offices, industrial estates to the rear at Bonnington, gyms and a variety of eateries such as The Pitt Market Street Food Hub, the area also has a vast amount of residential flats and townhouses.

Newhaven from good transport links with regular bus routes as well as cycle paths and walkways along the nearby Water of Leith.

DESCRIPTION

The subjects form the ground floor of a 4-storey building beneath a pitched and slated roof. 

There is a good-sized open plan front shop/serving and seating area to the front leading through to the back shop/kitchen containing a fully fitted kitchen.  The shop is clean and tidy and in good decorative order.  WC facilities to the rear left-hand side.

Externally, there are two large display window and a framed half glazed door in the centre protected by metal shutters and good signage space above.

ACCOMMODATION

According to our measurement survey the net internal floor area of the premises is:

38 SQ M (409 SQ FT)

SALE PRICE & LEASE DETAILS

The subjects are available to purchase for offers over £118,000 with a tenant in place on a new 5 -year full repairing and insuring terms with 4.5 years remaining.  The rental figure is £10,000 per annum.  The tenant in place is a café/takeaway business.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,700.  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.

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 with the sole letting agents, Ime DJK Group Ltd.

LEGAL COST

Each party will bear their own legal costs. The ingoing tenant will be responsible for LBTT and registration dues incurred in the preparation and completion of the purchase.

ENTRY

 

Upon completion of a formal missive under Scots Law.

PropertyOverview

  • Property ID:P553
  • Postal Code: EH6 4BS
  • Status:For Sale
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:409 sq ft
  • Price:£118,000

ExtraInformation

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