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SOLD STCM

118 Gorgie Road, Edinburgh, EH11 2NR

Fixed Price
£200,000

£161.16 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

1,241 sq ft

115 sq m

SECTOR

Takeaway for sale

USE CLASSUse class orders: A5 Hot Food Take away

A5

Key features

  • Comprising ground floor takeaway shop with large basement
  • Recently refurbished
  • Potential to apply for restaurant license to significantly increase the value of the property, subject to obtaining the necessary planning consents
  • Occupiers nearby include TSB Bank, amongst number of local takeaway shops, pubs, tattoo studios and utility stores

Description

Investment Consideration:
Gross Initial Yield: 7.80%
Rental Income: £15,600 p.a.
VAT is applicable to this property
Comprising ground floor takeaway shop with large basement
Recently refurbished
Potential to apply for restaurant license to significantly increase the value of the property, subject to obtaining the necessary planning consents
Occupiers nearby include TSB Bank, amongst number of local takeaway shops, pubs, tattoo studios and utility stores.

Property Description:
The property is arranged as a ground floor takeaway shop t/a Olive & Fig Edinburgh with ancillary accommodation in the basement. Development potential to convert into restaurant, subject to obtaining the necessary planning consents.

The property provides the following accommodation and dimensions:
Ground Floor: Takeaway Shop 115.28 sq m (1,241 sq ft)
Basement: Ancillary accommodation

Tenancy:
The property is at present let to TRPF GORGIE EDINBURGH LTD for a term of 15 years from 1st June 2016 at a current rent of £15,600 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews in 2021 and 2026 and tenant has option to determine in 2021 and 2026 with minimum 6 months` notice. Rent deposit is held of £5000.

Location:
Gorgie Road forms one of the main road links between the west of Edinburgh and the city centre. The property is located approximately two miles from Edinburgh city centre. Occupiers nearby include TSB Bank, amongst number of local takeaway shops, pubs, tattoo studios and utility stores.

Brochures

118 Gorgie Road, Edinburgh, EH11 2NR

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Haymarket Station0.7 miles
  • Slateford Station0.9 miles
  • Edinburgh Waverley Station1.9 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference 118GorgieRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer 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.

Map data ©OpenStreetMap contributors.

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