Property Details

241 Morningside Road
Edinburgh, Morningside

£39,000 P.A.Premium Cost:£50,000

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PropertyDescription

241 Morningside Road, EDINBURGH, EH10 4QU
TO LET

• Starting rent of £750 per annum
• Class 3 Hot Food Takeaway
• Late License and Alcohol License
• Fully fitted Fish and Chip Shop
• New Lease Available

LOCATION

The property is located between the junctions of Canaan Lane and Jordan Lane on the east side of Morningside Road.

The immediate area offers a range of amenities including Pizza Express, Greggs, Waitrose and a number of bars, coffee shops and boutiques. The famous Canny Man’s pub is just a few doors away from the subjects

The area benefits from excellent transport links with buses passing frequently.

DESCRIPTION

The subjects, recently trading as The Stefano’s Takeaway, comprise a single aluminium framed windowed unit with glazed door, configured over the ground floor and forming part of a stone-built tenement.

Internally, the subjects comprise of a bright and nicely decorated customer waiting area to the front of the front shop and a staff counter and fryer, fridges, ovens etc.. fitted to the back of the front shop which divides the front shop. The back shop area houses further equipment and storage as well as the WC. In addition there is a store added on to the back shop which is used for peeling potatoes and preparing them.

The shop is fully fitted, very clean and tidy and in walk in condition.
Stefano’s also benefits from a late license and alcohol license, opening until 1am weekdays and 2am at the weekend.

ACCOMMODATION

According to our recent measurement survey the premises contain the following approximate net internal area:

48 SQ M (517 SQ FT)

RENT AND PREMIUM

The rent for this property is £750 per week.

A £50,000 premium is sought to purchase a new FRI leasehold for 10 years or more if agreed.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £20,100. 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 premises is served by mains electricity, gas and water.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate rating is Pending.

A copy of the recommendation report is available on request.

LEGAL COSTS

Each party shall bear their own legal costs in the with the eventual tenant liable for any Registration Dues or LBTT thereon.

ENTRY

Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION

By appointment through the sole letting agent, Ime DJK Group Ltd.

Council tax band: X,

PropertyOverview

  • Property ID:P630
  • Postal Code: EH10 4QU
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:517 sq ft
  • Price:£39,000
  • Premium Cost:£50,000

ExtraInformation

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