The subjects comprise the ground floor of a 2-storey traditional stone-built building with granite effect facade.
Internally, at the front of the unit there is a hot foot takeaway service area with a kitchen to the rear, including a Woodfire pizza oven with recently fitted extraction, 6 burner stove with extraction and various fridges and freezers.
Location
The subjects are located in Bathgate, West Lothian. Bathgate lies just north of the M8 Edinburgh to Glasgow motorway, approximately 18 miles west of Edinburgh and 25 miles east of Glasgow and is well connected by road and rail from all other parts of Central Scotland.
South Bridge Street is a main thoroughfare through the town centre with the property comprising a highly visible location towards the East end of the street. Nearby occupiers include Semi chem, Greggs, Costa and Baguette express.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows:
Ground Floor - sales, kitchen, storage - 37.90 sq m (408 sq ft)
Terms
SERVICES - The subjects have access to water, gas and a single phase electrical system.
CURRENT LEASE TERMS:
Lease Type - Full Repairing and Insuring
Passing rent - £15,600 per annum
Lease Start - December 2013
Lease end - January 2038
Rent review - January 2029
ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request. The rating is G
NON DOMESTIC RATES - According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £7,600 per annum.
It should be noted under the terms of the Small Business Bonus Scheme, the property maybe eligible for 100% rates relief.
PROPOSAL - We are instructed to assign the lease and our client is seeking a goodwill premium of £20,000 for fixtures and fittings including, but not limited to, the following: -
- Woodfire pizza oven with extraction
- Fridges/freezers
- 6 burner hob with extraction.
- Deli/prep counter with fridges.
LEGAL COSTS - Each party will be responsible for paying their own legal costs incurred in this transaction.
VAT - All prices quoted are exclusive of VAT which maybe chargeable.
Specification
- Lease assignation available for well-established Hot Food Takeaway
- £20,000 goodwill sought for fixtures and fittings
- Passing rent of £15,600 (VAT not applicable)
- Occupiers may benefit from 100% rates relief