Property Details

128 High Street
East Lothian, Prestonpans

£13,440 P.A.Premium Cost:£35,000

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PropertyDescription

BUSINESS SALE/LEASE DISPOSAL: 128 High Street, Prestonpans EH32 9AD

* LEASEHOLD FOR SALE *
LOCATION
The subjects are on Prestonpans High street which is situated parallel to the coast of the Forth Estuary eight miles east of Edinburgh with spectacular views over the sea arc.
Prestonpans is a particularly scenic seaside town with local landmarks such as Preston Tower, Prestonpan’s war memorial and various Battle of Prestonpans relics all in close proximity to each other. There is an 11,000 population as well as a lot of tourist trade passing through the town.
There are regular bus links to the city centre but several of Edinburgh and the surrounding local areas.
DESCRIPTION
The subjects comprise a class 3 premises with consent for hot food takeaway. It forms part of a stone-built two storey building comprising commercial Properties with residential occupancy above.
The unit is a large single paned glass fronted unit with good livery space above. Internally the layout suits the current takeaway use, the front shop doubles up as a serving area with comfortable waiting area with some spaces for seats if the customers would like to eat inside.
The back shop is almost equal in size, it is well laid out with sinks, fridges, freezers, prep area’s, clay oven and shelving systems to keep everything neat and tidy.
WC facility is located to the mid - left hand side.
The property is neat and tidy and in excellent decorative order both internally and externally. Externally the unit is secured by an electronic metal roller shutter.

THE LEASE
There are eight years remaining of a ten year full repairing and insuring lease with the rent currently at £13,440 per annum (£1,120 per month) a copy of the lease can be requested to interested parties who have viewed the unit and show a serious interest.

ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:
45 SQ M (484 SQ FT)

PREMIUM
A premium guide price of £35,000 is being sought to acquire the leasehold and fixtures and fittings.

RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £5,500. 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

Council tax band: X,

PropertyOverview

  • Property ID:P644
  • Postal Code: EH32 9AD
  • Status:For Rent
  • Type: commercial
  • Class:3 (Food & Drink)
  • Property Size:484 sq ft
  • Price:£13,440
  • Premium Cost:£35,000

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