Property Details

223 Causewayside
Edinburgh, Grange

Guide price£60,000

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PropertyDescription

Established Pizzeria & Italian Cuisine Takeaway

Business Central Location Strong Customer Base Student Area Leasehold Available 223 Causewayside, Edinburgh EH9 1PH

 

LOCATION

The Causewayside area of Edinburgh is located approximately 0.4 miles south of the city centre. A desirable area for residential living with a strong business and retail presence in the immediate area. The property lies close at the junction of Duncan Street and is directly next to Belville Court. Causewayside is known for having high volume of Student residencies and is a main route for Students walking to either George Square or The Kings Buildings respectively. The area is well-served by public transport with regular bus routes to the city centre and surrounding areas.

 

THE PROPERTY

Situated over ground level of a traditional stone built two and a half storey dwelling with a slated roof. The unit is very tastefully decorated with a good layout internally that suits the business. The front area is the serving area with some seating, display fridges, Gelato freezer etc…… the middle section is the cooking area which is fully equipped with extraction system and cooking equipment. The WC’s and side entrance is located centrally towards the rear of the shop. The back shop is utilised for more storage and preparation space. Internally and externally the property is in excellent decorative order.

 

INTERNAL DETAILS

The unit is fitted out internally to a high standard with good quality fittings and décor throughout as well as high grade equipment. An inventory can be provided to potential buyers.

 

THE BUSINESS

The business benefits from a Class 3 Use. Our clients have owned the leasehold operated this business for just over two years during which time they have built up a strong local reputation. Main trade is centred on mostly takeaway and delivery offering quality pizza’s, pasta dishes as well as quality coffees and desserts. The business, which trades 6-days per week (closed Monday), is based on the loyal custom of the local residences and students ordering takeaways. There may be scope to develop the business further with longer opening hours but our clients are a family with young children and do not push the hours as much as they could. This business offers an opportunity to a first-time buyer or experienced operator to further develop an already profitable operation. The business trades from 4pm to 11pm with the busiest times being between 6pm and 9pm.

 

 

TRADING FIGURES

The business presently shows good trading figures even during Covid 19 the business was never closed. Full trading information can be made available to seriously interested parties after a formal viewing or serious suitors can be invited to work or simply observe how the business is run for a few evening shifts.

 

PRICE & RENT

The guide price is £60,000 to represent the business sale and leasehold. Stock at Valuation will be paid in addition to this figure. Rent is £13,000 per annum with Eight years remaining.

RATERABLE VALUE

According to the Scottish Assessors website (www.ssa.gov.uk) the subjects have a rateable value of £5,300. The uniform business rate for the current year is 0.49 in the pound. Occupiers may be eligible for rates relief through the Small Business Bonus Scheme if the combined rateable value of their premises in Scotland is 35,000 or less.

ENERGY PERFORMANCE CERTIFICATE

The EPC rating is G SERVICES

We are advised that the property is connected to gas, electricity, water and drainage services. OFFERS All offers couched in Scottish legal terms should be submitted to the sole selling agents.

 

LEGAL COSTS Each party is responsible for their own legal costs, the ingoing tenant will be liable for the landlords costs and any Registration Dues and LBTT relating to this transaction. VIEWING Strictly by appointment via the sole selling agents Ime DJK Group Ltd

EPC rating: G.

PropertyOverview

  • Property ID:P604
  • Postal Code: EH9 1PH
  • Status:For Sale
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:1,044 sq ft
  • Price:£60,000

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