The subject comprise a mid-terrace hot food takeaway unit protected by electric roller shutters. The unit forms the ground floor of a single storey building of traditional stone construction beneath a flat felt roof.
The premises has customer seating and a WC to the front with staff counter. To the rear is a kitchen with stainless steel extraction hood, a store and an additional WC. There is also a small external yard area to the rear.
The premises is equipped with various pieces of trade equipment including: 2 x electric pizza ovens, display fridge, coffee machine, drinks fridge, fridges and hot plates.
Location
Magdelene Drive is situated in the Bingham district of Edinburgh approximately 5 miles east of the city centre. It benefits from close proximity to the A1 trunk road leading to the A720 Edinburgh City Bypass and wider motorway network.
The subject property is located in a parade of commercial units serving a large residential area on the north side of Magdalane Drive.
Parking is widely available in surrounding streets and there are public transport connections widely available too.
Surrounding occupiers include Beauty Unleashed, USave Convenience Store and Amy’s Hair and Beauty.
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
47.24 sq m (509 sq ft)
Terms
RENT
Our client is seeking rental offers of £300 per week (£15,600 per annum).
TERMS
The property is made available on full repairing and insuring terms for a lease period to be agreed.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £6,300 effective 1st April 2023.
The threshold for full rates relief under the Small Business Bonus Scheme has changed for the financial year 2024/25. For properties with a RV between £12,001 and £15,000 the award is now 25%. The uniform business rate for the current year is £0.498 pence in the pound.
UTILITIES
The property is served by mains gas, electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is D.
A copy of the recommendation report is available on request.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
ANTI-MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
ENTRY
Upon completion of a formal missive under Scots Law.