Property to rent
Property description & features
LEASE DISPOSAL/BUSINESS SALE
CLASS 3 RESTRICTED
LOCATION
The property occupies a direct position on the Main Street in Corstorphine’s St John’s Road. Close to the junction of Manse Road, tucked in next to a row of neighbouring occupiers. Corstorphine’s main shopping thoroughfare is just outside with local occupiers including Farmer’s Autocare, Royal Bank of Scotland, and Domino’s Pizza.
Edinburgh City Centre and airport can be accessed by regular public transport links including buses and trams. Edinburgh’s City Bypass is a 5-minute drive offering routes all over the city.
DESCRIPTION
The subjects are configured over the ground floor forming part of its own stand-alone building with excellent street frontage. The uninterrupted open floor plan makes this property suitable for its current use as a deli/coffee shop. The shop frontage is beautifully done wit a decked seating area for customers, the front also has retractable awnings and attractive signage and lighting.
Additionally, the occupiers have formed a conservatory style garden room to the rear of the property to create more space for diners.
The main shop is fully kitted out with equipment to run such a business, coffee machine (rented), display fridges, sinks, dishwasher to name a few. The DDA compliant WC is located to the front left near the entrance.
ACCOMODATION
According to our recent measurement survey, the subjects comprise of the following approximate net internal area:
• 42 sq. m (452 sq. Ft)
• 18 sq. m Garden Room
• 15sq. m Front decking area
RENT & LEASE TERMS
There are 12 years remaining on full repairing and insuring terms and conditions. The current rent is £18,000 per annum. The lease is extendable and can be done immediately if required.
PREMIUM PRICE
Our clients are asking for a £45,000 premium for the lease, fixtures and fittings and the goodwill of the business.
THE BUSINESS
Bennitos has taken Corstorphine by storm and has been an excellent addition to Corstorphine’s High Street, they have a good social media presence, and all the locals know the shop very well. The Deli offers take away or sit in Pasta, Panini's, salads, sandwiches, soups as well as excellent coffee, gelato and a traditional breakfast menu. Internally at the moment there is space for 6-9 covers with a further 10 outside at the front and a further 18-20 to the back in the conservatory/garden room.
VAT
There will be no VAT due on the lease.
SERVICES
The property is served by mains water, and electricity.
ENERGY PERFORMANCE RATING
The Energy Performance Certificate (EPC) rating is currently pending.
RATEABLE VALUE
According to the Scottish Assessor’s website () the subjects have a Rateable Value of £10,600. 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 is responsible for their own legal and costs incurred in the preparation, negotiation, and settlement of the documentation pertaining to the lease or sale including LBTT or VAT applicable.
With both Assignee and Assignor contributing 50-50 on the landlords costs.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agent, ime DJK Group Ltd.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference P577. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by ime DJK Group - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.