The subjects comprise a series of three buildings:
Workshop A: comprising fully fitted MOT testing station with rolling road and vehicle lift.
Workshop B: vehicle lift.
Office, Panel Beating and Spray Store C
The buildings are arranged around a central parking/circulation area and are in good condition and decorative order having been well maintained by the current owners who have traded from the premises for over 30 years. Vehicular access is taken via a gated tarmac entrance from Restalrig Road South giving good security and advertising space. We understand that there is an exclusive right of pedestrian access for the occupants of 75 Restalrig Road South in order to access their basement stores.
Location
The city of Edinburgh, Scotland’s Capital City, is situated on the east coast of Scotland immediately south of the Firth of Forth. The M8, M9, A1 and A90 link the city to the trunk road network and motorway network beyond. Edinburgh’s own airport is located only 15 minutes drive from the City Centre, and offers connections to UK, European and international destinations. Edinburgh is also well served by both rail and bus services, with Waverly Railway Station and St Andrews Bus Station situated towards the east end of the City Centre in the New Town and Haymarket Railway Station in the city’s west end.
The property is located in Restalrig, a popular and busy neighbourhood of Edinburgh approximately two miles north east of the city centre. Surrounding properties comprise a mixture of commercial and residential properties. Access to the property is off Restalrig Road South leading to Marionville Avenue and Marionville Road. Meadowbank Stadium lies one mile to the south.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice (6th edition) and estimate the following floor areas:
A Garage - 1,502 sq ft
B Workshop - 626 sq ft
C Office, Panel Beating, Spray Store - 982 sq ft
Total Floor Area - 3110 sq ft
Terms
Rates
We are verbally advised by the Lothian Valuation Joint Board that the property has a Rateable Value of £XXX The current Uniform Business Rate (2013/2014) is XXX. The Small Business Scheme means exemptions are potentially available and interested parties are advised to make enquiries to Lothian Valuation Joint Board.
The Business
The vendor has successfully operated a MOT testing Centre from the subjects for over 30 years. The business is being run at a relatively conservative level at present to suit the owner’s preferences but retains excellent scope for improvement over time. Current opening hours are Monday to Friday 9am to XXXm and Saturday morning as required however there is no restriction to prevent a new owner opening longer. We are advised that there is capacity to undertake significantly more MOT work as well as offering other services including, service and repairs. The business enjoys a loyal customer base and the owner is willing to assist the purchaser to ensure a smooth transition. Trading accounts are available to seriously interested parties on request.
Tenure
Heritable.
Energy Performance Certificate
The property has an EPC rating of D, further information is available on request.
Legal Costs
Each party shall bear their own legal costs incurred in connection with this transaction, although in the normal manner the purchaser will be liable for all Stamp Duty Land Tax registration dues and VAT.
VAT
All figures are quoted exclusive of VAT which will be payable at the prevailing rate.
Proposal
We are instructed to seek offers in the region of £XXX (Three Hundred and Ninety Thousand Pounds) for the benefit of the heritable title, business, fixtures and fittings.
Specification
• Rare opportunity to acquire a busy, long established MOT Garage business
• Well located
• Range of buildings and yard
• Great potential for improving trade
• Potential for redevelopment for alternative use