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£225,000 Offers over Mortgage options

Property for sale

Haymarket Terrace, Haymarket, Edinburgh, EH12 5HD

£225,000 Offers over Mortgage options

Property for sale

Haymarket Terrace, Haymarket, Edinburgh, EH12 5HD

Description

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Property description

Excellent opportunity to acquire the freehold interest of this class 3 hot food takeaway and catering premises with vast basement fully fitted, along with takeaway business and catering business.


LOCATION
The premises are located in Haymarket Terrace, Edinburgh close to the junction of Coates Gardens. It is mixed use area with retail on the ground floor with residential on the four floors above as well as purpose-built office premises. Haymarket is a central transport hub for buses, the railway station and traffic.


Haymarket Terrace boasts a high footfall throughout the day with commuters, office workers and tourists trade. The premises are located in parades of similar styled retail/licensed and office properties under traditional tenement buildings.


DESCRIPTION
The subject property comprises a ground floor sales area with a lower ground floor for preparation, storage and staff areas. Internally, the unit is split on the ground floor between a front sales/takeaway area with high ceilings and ornate cornicing and the back shop is well laid out commercial kitchen fully fitted with the proper class 3 extraction system, stainless steel unit and panelling. (See inventory for more details)


The basement level is accessed from a traditional timber staircase, this leads down to an open plan storage area with neat shelving system for dry goods and 5 fridge freezers.  There is an office desk set up and a staff changing area to the immediate left as you enter the lower floor.  This open plan area then leads through to the large catering kitchen, again well laid out and fully fitted with stainless steel and safety flooring throughout.  The next area is more dry storage racks and a large staff seating area.  The basement level keeps going continuing to a utility room and then WC, the utility room is fitted with washing machine, tumble dryer and a freezer.


The unit benefits from a back entrance which is ideal for deliveries for both the catering business and the takeaway business, there is an area right beside the back entrance where 1 vehicle can park all day and load and unload.


TRADING ACCOUNTS
Copies of certified accounts are available and can be made available to prospective buyers once they have viewed the business.


OPENING HOURS
At present the takeaway business trades from 0600 - 1430hrs on a Monday to Friday. The catering side as caterers will know can go on at anytime depending on the event.


ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate net internal area:


Ground Floor 43 SQ M   (464 SQ FT)
Lower Ground floor 73 SQ M  (784 SQ FT)


Total Area: 116 SQ M  (1,249 SQ FT)


CLASS USE
The premises are registered as Class 3 (Food and Drink) under the Planning Act (Scotland).


SALE PRICE


The freehold of the premises, all the equipment and the business are available to purchase for offers over £225,000


RATEABLE VALUE
According to the Scottish Assessor's website () the Haymarket Terrace property has a Rateable Value of £7,100. The uniform business rate for the current year is £0.498 pence in the pound (as of April 2020).



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.


UTILTIES
The properties are served by mains electricity, water and gas.


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 in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.


ENTRY
Upon completion of a formal missive under Scots Law.


VIEWING AND FURTHER INFORMATION

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

DISCLAIMER

Property reference P485. 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. This property advertisement does not constitute property particulars. The information is provided and maintained by ime DJK Group - Commercial. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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