Property Details

52 Hopetoun Street
West Lothian, Bathgate

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PropertyDescription

BUSINESS /LEASE DISPOSAL: 52 HOPETOUN STREET, BATHGATE EH48 4EU

* RESTAURANT LEASEHOLD FOR SALE *

LOCATION
Hopetoun Street is located in one of the main retail areas of Bathgate which is approximately 20 miles from Glasgow and 16 miles from Edinburgh. It is a continuation of Drumcross Road which then leads on to North Bridge Street and the Glasgow Road (A89)
The subject property is situated on the north side of Hopetoun Street. There are a number of other commercial occupiers and eateries in the immediate vicinity including M & Co, Boots, Tanz and Bank of Scotland.
The area benefits from regular bus services whilst there is a mixture of metered and time restricted parking on Home Street and free parking around the corner on Jarvey Street.

DESCRIPTION
The subjects comprise a Class 3 Restaurant premises with consent for hot food takeaway. It forms part of a two storey stone-built building beneath a pitched slated roof, comprising commercial and residential occupancy.
The unit is a single glass fronted unit with good signage space above on an advertising light box. The main entrance is through a six panel timber door with borrowed light above that sits between two stone pillars and is an additional grand feature. Internally the layout suits the current restaurant /takeaway use of the current lease holder, the front shop doubles up as a serving/waiting area with display fridges for products and sales, the centre is the restaurant area, which also houses a large pizza oven, fixed seating and bar area with coffee machine. Towards the rear left is the kitchen which is fully fitted with extraction canopy, coffee, cooking equipment, commercial sinks and preparation tables etc….. Additionally there is an office/dry store and a fridge and freezer storage room and WC’s to the very rear and a back door that leads to a beer garden.
The property is neat and tidy and in excellent decorative order both internally and externally.

THE BUSINESS
Trading as ‘Bennyssimo’ the restaurant is well known in Bathgate with a strong local following.
‘Bennyssimo’ has created a unique menu that has proven to be very popular with their range of Pizza’s pasta’s and burgers.
‘Bennyssimo’ has a friendly atmosphere and excellent food standards that has led them to receiving five star reviews on Google, Facebook, Scoffable, Just Eat and Flipdish.

Current opening times are: 4:30pm - 9:30pm Wed, Thur, Sun
4:30pm - 10pm Fri, Sat

There is scope to stay open until 11pm, the current licence allows consumption of alcohol on the premises and there is an application in for full Off-Sales which should be granted by early December.
Trading figures weekly average is very good and will go up more with the addition of Off-Sales as well as a high level of deliveries. 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:
133sq m (1,431 sq ft)

THE LEASE
There is currently just over 20 years remaining on a full repairing and insuring lease.
We are offering two options: Sub-Lease @ £700 per week or Full Assignation @ £15,600 per annum with a higher premium.

PREMIUM
A premium of £45,000 is being sought to acquire the sub leasehold.
A premium of £85,000 is being sought to acquire the full leasehold.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £18,000. 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.

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

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 through the sole letting agent, Ime DJK Group 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

PropertyOverview

  • Property ID:P610
  • Postal Code: EH48 4EU
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:1,431 sq ft
  • Price:£36,400

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