The subjects comprise a hot food takeaway premises arranged over the ground floor of a two-storey mid terraced block under a pitched and slated roof.
Internally, the accommodation comprises a front sales area, food preparation area as well as a fully equipped commercial kitchen, storage and WC compartment to the rear. The premises benefits from a large glazed aluminum frontage, providing exceptional exposure onto the busy throughfare.
Location
The subjects are located within the West Lothian town of Bathgate, situated just off Junction 3A of the M8 motorway which is the main trunk road through Central Scotland linking Edinburgh in the east and Glasgow in the west.
More specifically, the subject property is located on the north side of North Bridge Street & to the north east of South Bridge Street (A89) within a mixed residential and commercial location. The subjects are located on a bustling throughfare which benefits from high levels of passing traffic and footfall. National and local occupiers in close proximity include Dominos, Day Today Express, Wheatly Group & Turkish barbers.
Accommodation
Ground Floor - 62.49 sq m (673 sq ft)
The above floor areas have been calculated on a Net Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition).
Terms
Tenancy - The subjects are let on an FRI basis to Mrs Shenaz Mohammed at a rental of £18,720 per annum. The lease was renewed in May 2024 and expires May 2039. There are rent reviews every 4 years as well as an option to extend for a further 6 years upon lease expiry. The family run business has operated in the property for over 20 years.
Price - Our client is seeking offers in excess of £185,000 reflecting a NIY of 9.94%, assuming purchaser's costs of 1.75%.
Rateable Value - The subjects are entered in the current Valuation Roll at a rateable value of £9,800 which qualifies for 100% rates relied under the Small Business Rates Relief.
Please note, a new owner or occupier of a commercial property has the right to appeal this rateable value within 4 months of beginning the tenancy.
Energy Performance Certificate - An Energy Performance Certificate is available upon request.
VAT - Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
Legal Costs - Each party to bear their own legal costs in the documentation of this transaction; however the in-going tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
Specification
- Located in the West Lothian town of Bathgate
- Offers over £185,000
- Passing rent £18,720 per annum
- Premises extend to 62.49 sqm (673 sqft)
- FRI Lease expiring May 2039
- Attractive Net Initial Yield of 9.94 %
- Currently trading as Kurry King