Cafe Investment For Sale, Fountain Caf�, 111 Grove Street, Edinburgh, EH3 8AB

The subjects comprise a ground floor retail/cafe unit as part of a larger two storey stone built premises surmounted by a pitched and slate roof.

Externally the unit benefits from a large full height display frontage being of a UPVC nature. Internally the subjects are laid out to provide a well-presented open plan caf� area to the front with seating for c 15 people. To the rear of the property is the commercial style kitchen where there is a large extractor unit which is run out of the building. There is access to the rear via UPVC framed and
glazed door and further natural light is afforded through a double glazed window.

The subjects also benefit from a w/c facility with low level cistern and sink.
( Agency Pilot Software ref: 53160 )

Location

The immediate surrounding area comprises a mixture of uses to include student accommodation, a hostel, serviced apartments and residential. A short distance to the south on Fountainbridge there are a number of hotels to include Moxy Edinburgh and Hampton By Hilton. There are several modern o�ce developments also fronting onto Fountainbridge with ground �oor commercial occupiers to include Tesco Express. The subjects are therefore well placed to serve a multitude of occupiers in the nearby vicinity

Accommodation

40.03 Sq M (430 Sq Ft)

Terms

PRICE We are seeking offers over £165,000 for our client’s heritable interest with the bene�t of the current lease. This equates to an attractive Net Initial Yield of 7.44%.

RATEABLE VALUE With reference to the Scottish Assessors Association website, we note the current rateable value to be £7,600.

LEGAL COSTS & VAT Each party will bear their own legal costs incurred within this transaction. The purchaser will be liable for any LBTT and registration dues. We understand that the property is opted for tax and therefore VAT may be payable, however, it is anticipated that the sale will be treated as a Transfer of Going Concern (TOGC), under these circumstances, no VAT will be payable.

Specification

• Well located café investment just o Fountainbridge
• Good quality frontage oering great visibility
• Passing Rent: £12,500 per annum
• Long Standing Tenant 5 years term certain remaining with expiry in July 2029
• Offers over £165,000 equating to an attractive
• Net Initial Yield 7.44%