51 Home Street

Tollcross, Edinburgh, EH3

Description

49-51 HOME STREET, EDINBURGH EH3

TO LET/BUSINESS SALE/LEASE DISPOSAL
HOT FOOD TAKEAWAY

Very busy main street
Long established in the local Area
Popular location close to Lothian Road & The Meadows
Benefitting from high levels of passing trade and excellent delivery radius
Fully fitted Fish & Chip shop, would suit any cuisines
Long lease available

LOCATION
The property is located on Home Street in the heart of Tollcross Opposite the Cameo Cinema, and just down from The Kings Theatre. Home Street is a continuation of Lothian Road and joins Bruntsfield Place and then onto Morningside Road, The Meadows are just around the corner as well as Bruntsfield Links 5 minutes up the road. Princes Street is approximately 800 metres north down Lothian Road

Nearby well-known occupiers include Subway, Ime DJK Groups office, Nettle and a Pepe's Chicken.

DESCRIPTION
The property comprises of a ground floor with basement retail unit situated within a stone-built traditional Edinburgh tenement building with residential accommodation above. The frontage has recognisable canopies protruding over both doors and large display windows, the property offers excellent visibility and the opportunity for effective product showcasing with excellent signage space.

Internally, the unit has an open-plan welcoming front shop area with service counter to the rear of the front shop. The stainless-steel frying range and counter separates the customer and staff areas like most fish and chip shops. The back shop offers a preparation and storage area as well as potato preparation room and a WC.

The unit is in excellent condition internally and is fitted with lots of equipment.
Viewings are highly recommended.
There is scope to split the property into two units.

THE BUSINESS
The Concorde Has been a pillar of the Tollcross community for years and years
The business can be discussed more with interested parties after viewing.

ACCOMMODATION
Based on our recent measurement survey, the property offers the following approximate net internal area:

Ground Floor: 100 sq. m (1,077 sq. ft)
Basement: 76 sq. m (818 sq. ft)

RENT & PREMIUM
We are seeking a premium of £59,000 for the leasehold interest and the goodwill/equipment
And a rent of £39,000 per annum for a 10 years or longer full repairing and insuring lease.

VAT
No VAT.

SERVICES
The property is connected to mains electricity, water, and gas.

ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is currently pending.

RATEABLE VALUE
According to the Scottish Assessors website https://www.saa.gov.uk/ the property has a Rateable Value of £20,100. The uniform business rate for the current year is £0.49 pence in the pound (as of April 2023).

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.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the preparation, negotiation, and completion of the sale documentation, including any applicable LBTT or VAT.

ENTRY
Access to the property will be granted upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION
To arrange a viewing or for further information, please contact the sole letting agent, Ime DJK Group Ltd.

Please note that all information provided is subject to contract and availability.

EPC rating: Unknown. Council tax band: X,