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Restaurant Investment For Sale , High Street, Penicuik, EH26 8HS

1,109 Sq Ft / Leisure

For Sale - £110,000.00

Available - Last updated: 18 November 2020

The restaurant premises consists of a double windowed shop unit arranged over the ground and basement floors. The ground floor consists of circa 35 cover restaurant and serving counter with the basement consisting of a fully fitted kitchen. The basement also provides access to the extensive garden which also has a pedestrian access from the south west.

Location

Penicuik is situated approximately 10 miles to the south of Edinburgh on the A701 trunk road which connects Edinburgh with Peebles. The subject premises are situated in the heart of Penicuik town centre, on the south side of the High Street and in close proximity to John Street, the main pedestrianised retail parade.

Accommodation

Basement 50.35sq m ( 542sq ft )

Ground Floor 53.07sq m ( 571sq ft )

TOTAL 103 sq m (1,113 sq ft )

Terms

PRICE Our client is seeking offers in excess of £110,000 giving a reversionary yield of 11.62% assuming purchasers costs of 2.37%.

LEASE The ground floor is let on an FRI basis to C D & G Vita T/A Giovanni’s on a rental of £13,008 per annum. The lease commencement date was 15th June 2012 with no further rent reviews and termination being 14th June 2022.

EPC Released on application.

Specification

  •  PASSING RENTAL OF £13,008 PER ANNUM 
  • OFFERS OVER £110,000 
  • NET INITIAL YIELD OF 11.62% 
  • PREMISES EXTENDS TO 103 SQM / 1,113 SQFT 
  • FIRST FLOOR OFFICE AVAILABLE BY SEPARATE NEGOTIATION

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale £110,000.00 NA

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Contact agents

Steven Clarke

Shepherd Commercial

0131 610 0086



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