The subjects comprise a single window hot food takeaway premises arranged over ground floor. It forms part of a three-storey tenement and has a projecting shop front beneath a flat felt roof.
Internally, the front shop is arranged with a customer counter, seating and waiting area. Directly behind is a food preparation area with a purpose-built pizza oven capable of gas or wood fire use. The back section comprises a kitchen with extraction hood, 6 gas hob burners, washing facilityand free-standing units. There is further ancillary space to the rear and side with a commercial sized fridge, storage and staff WC.
Behind the property is a pend where delivery vehicles can park and collect orders.
Location
Portobello is a highly sought-after suburb of Edinburgh situated approximately 5 miles east of the city centre.
Its popular beachfront promenade and mixture of independent and national retailers on its High Street make it a popular daily destination for shoppers and commuters.
The property is located on the east side of Brighton Place, close to the crossroad at Portobello High Street and Bath Street.
Nearby commercial occupiers include Greggs, Boots, Bank of Scotland, Oscar’s Gelato and Bross Bagels.
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
75.03 sq m (808 sq ft)
Terms
LEASEHOLD PRICE
Our client is seeking £XXX for their leasehold interest and existing fixtures and fittings. A full inventory of equipment can be made available on request.
TERMS
The property is let on full repairing and insuring terms to AAAL One Limited until 27th March 2033 at a passing rent of £XXX per annum. There is a rent review due 1st April 2024 and every three years thereafter. Our client is looking to assign or sub-let their interests.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £XXX effective 1st April 2023. The uniform business rate for the current year is £XXX 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 £XXX or less.
UTILITIES
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.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual purchaser liable for any Registration Dues or LBTT thereon.
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 dilligence 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.
VIEWING AND FURTHER INFORMATION
By contacting the sole letting agent: