Acquired
Edinburgh – Restaurant Investment
560 Gorgie Road, Edinburgh EH11 3ALFreehold Restaurant Investment
Tenure
Freehold
Lease Term
21 Years
Years Left on Lease
8y 5m
Area
937 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprising a ground floor restaurant/takeaway shop
- Tenant in occupation for 16 years
- No break clause
- Asset management opportunity, ERV circa £18,000 p.a.
- Occupiers nearby include LIFT gym, Pure gym, ELS Student accommodation, amongst other local takeaway shops, florist and barber.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged as a ground floor restaurant/takeaway shop.
The property provides the following accommodation and dimensions:
Ground Floor: 87.05 sq m (937 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: 87.05 sq m (937 sq ft)
Tenancy Description
The property is at present let to an Individual t/a Pizza Plus for a term of 21 years from 18th May 2012 at a current rent of £14,400 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews in 2022, 2027 and 2032. The tenant has been in occupation for 16 years.
Tenancies & Accommodation
Location Description
Gorgie Road forms one of the main road links between the west of Edinburgh and the city centre. Occupiers nearby include LIFT gym, Pure gym, ELS Student accommodation, amongst other local takeaway shops, florist and barber.