LEASE DISPOSAL/BUSINESS SALE
50 Granton Road, Edinburgh EH5 3QU
Hot Food Takeaway
LOCATION
The property occupies a prominent position at the upper end of Granton Road, near the junction with Fraser Avenue and Rosebank Road. Granton Road is a well-established and busy arterial route, characterized by continuous parades of retail units and situated within a densely populated residential district. This strategic location lies approximately two miles north of Edinburgh city centre, ensuring strong connectivity and visibility for deliveries as well as passing trade.
The surrounding area is considered highly desirable, forming part of the Trinity and Boswall neighborhoods, both recognized for their vibrant residential character and strong community presence. The premises benefit from excellent public transport links, with frequent bus services providing direct access to the city centre. A bus stop is conveniently located approximately 30 meters from the property, enhancing accessibility for customers and staff alike.
DESCRIPTION
We are instructed to dispose of the lease/business aspect of a popular hot food takeaway with the addition of all the fixtures and fittings. The business model can be changed for a new occupier to develop the shop to suit their tastes or style of cuisine.
The subjects comprise a single-fronted retail unit with a central glazed door and two large display windows protected by roller shutters on a busy route into Edinburgh. The premises are situated solely on the ground floor beneath a residential property. Internally, the unit has a welcoming takeaway service and waiting area to the front with a display fridge counter separating the staff area from the customer waiting area. Behind the counter is fully fitted with extraction and cooking equipment with two kebab/gyros vertical rotisseries, fryers, and a gas/charcoal grill.
The back of the shop is accessed via a small corridor that leads to a large storeroom to the left with chest freezers, stainless steel prep table and adequate shelving for stock. The WC is directly ahead of the corridor, and a further kitchen area is set to the rear right-hand side which is fully equipped to suit any food takeaway business.
The shop also boasts a gated yard area that has access from the front street from the gate and a side door into the kitchen.
Viewings are highly recommended.
ACCOMMODATION
According to our recent measurement survey the premises contain the following approximate internal areas:
41 SQ M (441 SQ FT)
LEASE
The lease runs until May 2029 on full repairing and insuring conditions; the current rent is £16,608 per annum. (£319 per week)
PREMIUM
Our client is seeking a premium of £12,995 for the leasehold, fixtures and fittings and any goodwill.
FIXTURES AND FITTINGS
An inventory list is available on request after a successful viewing, many of the items can be seen in the marketing photographs.
THE BUSINESS
The business is well run and has potential to do even better as the current owner only opens for four days due to the owner suffering a health issue. The business side of things can be discussed after a successful viewing.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the property has a current Rateable Value of £9,400. The uniform business rate for the current year is £0.49 pence in the pound.
UTILTIES
The properties are served by mains electricity, gas and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
LEGAL COSTS
Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant (assignee) liable for any Registration Dues or LBTT thereon. Any Landlords expenses shall be shared 50-50 between assignee and assignor.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole selling agent, Ime DJK Group Ltd.
