Commercial property for sale

Restaurant & takeaway

for sale

Potential development opportunity

62 Clerk Street, Loanhead, EH20 9RG

Location

The unit is located on Clerk Street, which is in the popular Loanhead area Just 5 miles south from Edinburgh City Centre. Clerk Street forms the main shopping parade/high street in Loanhead, which is a busy town in Midlothian with many residents and a growing population with a lot of new buildings recently built at both Straiton and Bilston respectively.

The property is situated within a parade of similar styled retail units with residential above. Other retailers close by include Scotmid and Porteous Funeral directors, as well as a wide selection of national retailers at Straiton Retail Park.

Description

This premises is a fully fitted Chinese restaurant class 3 unit, recently used only for takeaway during the pandemic. The property is one of the only single storey retail units on the street and has the addition of a large garden to the rear.

Upon entering the shop there is a large restaurant area which has been partitioned off to create a smaller takeaway space. The bar and customer toilets are located centrally with the kitchen and storage/prep areas to the rear. There is a back door that leads to a 20m x 8m garden. The roof and flat roof to the rear has recently been re slated and felted.

This unit would make an excellent local restaurant or takeaway or there’s potential for a commercial to residential conversion extending out the back and up the way.

Accommodation

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

103 sq M (1,109 sq ft)

Rating

According to the Scottish Assessors website () the subjects have a Rateable Value of £15,200. The uniform business rate for the current year is £0.49 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 £35,000 or less.

Sale Price

We are seeking Fixed Price £185,000 for the freehold purchase of this property.

Services

The property has mains water, gas and electricity.

Energy Performance Certificate

The EPC rating is Pending

A copy of the EPC and recommendation report can be provided upon request.

Entry

Entry will be upon completion of a formal missive under Scots Law.

Legal Costs

Each party is responsible for their own legal costs but the ingoing tenant will be liable for any Registration Dues and LBTT relating to this transaction.



Viewing

Strictly by appointment via the sole selling agents

Contact

Ime djk Group Ltd –