Commercial property to let in Comiston Road, Comiston, Edinburgh EH10, £12,000 pa

12,000.00 per month

Offer Nr.:
65701158
Type of ad:
to Rent
Property type:
Commercial property to let
Contact name:
IME DJK Group Commercial
Phone(s):
0131 268 8868

* Furnished
45 comiston road, edinburgh EH10 6AB
**Lease disposal/business sale
**
· Very busy main road
· Surrounded by many other businesses & large residential area
· Close to schools
· Benefitting from high levels of passing trade
· Hours of opening 3: 00pm – 11: 00pm 7 days a week
· 2 - year lease remaining with guaranteed extension of lease for a further 10
years from landlord
**Location**
The business is ideally located in the popular upmarket Morningside area of
Edinburgh. Morningside is an upscale neighbourhood located south of the city
centre. It is known for its independent boutiques, cafes, and restaurants, as
well as its beautiful green spaces. It is close to the well - known Morningside
clock tower, Hermitage of Braid, Blackford Hill and also several local public
and private schools.
Comiston Road provides excellent transport links, with regular bus services
connecting the area to the city centre and surrounding areas. The property
enjoys easy accessibility for both pedestrians and motorists.
**Description**
The property comprises of a ground floor retail unit situated within a
traditional tenement building. With a generous frontage and large display
windows, the property offers excellent visibility and the opportunity for
effective product showcasing with excellent sign space and exterior décor.
Internally, the unit has an open - plan welcoming front shop area with service
counter to the rear and seating to the left - hand side upon entry. The back
shop is more cellular with a storage cupboard and WC set off the hallway and a
great back shop area that is fully kitted out to serve the business. There is
the addition of a loft storage space accessed by a Ramsay ladder that spans
most of the shop. The premises is in walk in condition for a similar occupier.
**The business**
Sweet Paradice Desserts specialises in delicious instagrammable desserts,
including vegetarian, vegan, dairy free and other free from options and people
travel from all over the UK to visit.
Recent winner of the best business award, the unit trades successfully and
they have built up a strong business with good accounts and a strong following
in Edinburgh and the local community.
The business sells desserts online via JustEat, Uber and Deliveroo partner
centres. Customers can also visit in store for sit in and takeaway. Extra
revenue streams opportunities are also available such as weddings, events,
school events, corporate customers etc.
The unit is fully fitted, and all the equipment is concluded with items for
this type of business such as display fridges and freezers, waffle machine,
Ice cream counter, blenders, new electric water boiler/heater, etc… there is
too much to list, viewings are recommended.
Accounts can be discussed and shared with proper interested parties after
viewing.
**Accommodation**
Based on our recent measurement survey, the property offers the following
approximate net internal area:
Ground Floor: 50 sq. M (538 sq. Ft)
**Rent & lease details**
The sitting rent is £12, 000 per annum on Full Repairing and Insuring (Fri)
terms. The tenant has spoken with the landlord and there is scope to extend
the lease for up to 10 years (12 years in total) for a good covenant with a
good business acumen.
**Premium**
A premium of around £35, 000 is sought for the leasehold, business and fixtures
and fittings.
**VAT**
No VAT.
**Services**
The property is connected to mains electricity, water.
**Energy performance rating**
The Energy Performance Certificate (EPC) rating is currently pending.
**Rateable value**
According to the Scottish Assessors website the property has a Rateable Value
of £8, 900. 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 will be responsible for their own legal costs incurred in the
preparation, negotiation, and completion of the lease documentation, including
any applicable LBTT or VAT. Assignor and Assignee will be responsible to cover
the landlords costs 50/50.
**Entry**
Access to the property will be granted upon completion of a formal missive
under Scots Law.
**Viewing and further information**
To arrange a viewing or for further information, please contact the sole
letting agent, Ime djk Group Ltd.
Please note that all information provided is subject to contract and
availability.
Council tax band: X

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: