The subjects comprise a ground floor and mid-terraced café/restaurant/class 3 premises of traditional stone construction with roughcast/stone-chip render, contained within a larger 2 storey building with what appears to be a private residential dwelling to the upper floor. The premises benefits from a painted timber framed display and single glazed frontage, with access taken to the premises via a centrally located pedestrian entrance door.
The property is currently trading as “Apples for Jam” and is presently in walk-in condition, which will allow the next operator to take over the current lease and begin trading immediately. Apples for Jam is an extremely popular venue for locals, weekenders, passers-by, couples and families.
*please note – the trading name of “Apples for Jam” is not available with the lease assignation*
The premises further benefits from:
- Recent refurbishment to an extremely high standard
- Full class 3 consent
- Alcohol licence
- Full stainless steel kitchen area with hub extraction and flue
- Walk-in condition with zero capital expenditure required
- Sit in space for approximately 20 covers
Location
Earlston is a popular town within the Scottish Borders with a population of circa 1,800 people and benefits from it’s strategic location situated on the A68, one of the primary roads leading from the Scottish capital Edinburgh to Newcastle south of the border. The town is within further easy reach of many of the main Scottish Borders towns such as Galashiels, the main commercial hub within the Borders, Melrose, Selkirk and Kelso.
Earlston benefits from a strong residential catchment and excellent passing vehicular trade being situated on the A68. The town boasts excellent amenities to include a Primary School, High School, Health Centre and various local shopping facilities.
The premises itself is within close situation to various other commercial occupiers such as The Purple Plum, Alfonso’s Fish and Chips and Earlston Pharmacy.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition. From our measurements taken on site we have calculated the Net Internal Area of the subjects to be in the order of:
59.98 sq m (645 sq ft)
Terms
RENT & LEASE TERMS - The salient/passing lease terms are noted below:
Lease Type – Internal Repairing and Insuring
Passing Rent – £7,200 per annum (exc. of VAT)
Lease Start – 12th October 2022
Lease End – 12th October 2027
Rent Review – Upwards Only on 12th October 2025 and yearly thereafter
PREMIUM - Our client is seeking a premium to reflect the remaining 5-year term on the lease and the fixtures and fittings, all of which are included and will be inherited by the assignee. Please get in touch for more information.
RATES - According to the Scottish Assessors Association website the property has a current rateable value of £3,400 per annum, meaning that any potential occupiers could benefit from 100% rates relief in line with the Small Business Bonus Scheme.
VAT - The prices quoted are exclusive of VAT which may be chargeable.
LEGAL COSTS - Each party will be responsible for their own legal costs.
ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request. For the reference, the property has an EPC rating of G.
Specification
- Lease assignation available for popular local class 3 café/restaurant
- Recently refurbished to an extremely high standard
- Presently in walk-in condition with minimal capital expenditure required
- NIA of 59.98sqm (645sqft)
- Low passing rental of £7,200 per annum