The property comprises a single storey semidetached hot food takeaway that has been owner occupied for a number of years. The shop benefits from a highly visible roadside frontage, wheelchair accessibility, and a shared car park to the rear. Planning permission has been granted for the creation of a rear loading porch, and details can be available on request.
Internally, the space is fitted to a high degree with a well configured front shop, and food preparation space, and refrigeration units to the rear.
Location
Uphall is situated in West Lothian, lying contiguous with Broxburn, approximately 1¼ miles west of Broxburn town centre. Edinburgh lies approximately 13 miles to the east, with the nearest commercial centre being Livingston, approximately five miles to the south west.
Uphall is accessed from the A89 via the A899, which forms the main thoroughfare through Broxburn and Uphall and continues on to connect with Junction 3 of the M8 motorway and then through to Livingston town centre. Whilst a good range of local amenities and facilities can be found within Uphall/Broxburn, a wider range is readily available in Livingston which also provides employment opportunities.
East Main Street forms part of the A99 through route and is the main retail area for the village with predominantly local traders represented. Surrounding commercial facilities are commensurate with that found in a village of this size, including a convenience store, Post Office, Newsagent, hot food takeaways and licensed property. There is also a motor dealership nearby.
Accommodation
The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows
NIA- 83.03 sq.m/ 894 sq.ft
Terms
THE BUSINESS: This business is reluctantly being brought to the market as a result of retirement. The business is well run and this is reflected in the year ended 31st December 2021 accounts with a turnover of £677,730. Further financial documentation will be provided to interested parties after viewing.
PRICE: Our clients are seeking a premium on the property, which will be discussed in conjunction with lease length and trading strength.
TENURE: The subjects will be held on a new full repairing and insuring (FRI) lease at a rental of £36,000 per annum. annum subject to 5-yearly reviews.
ASSESSMENT: We have consulted the Scottish Assessor’s website (www.saa.gov.uk) and note that the premises are entered in the current Valuation Roll as follows:-
Rateable Value: £10,800
We are advised that the current business rate is 49.8 pence, however this property benefits from 100% rates relief.
VAT: All figures quoted are exclusive of VAT if applicable.
ENTRY: Upon completion of legal arrangements.
ENERGY PERFORMANCE RATING: The property is currently being reassessed.
LEGAL FEES: Each party will be responsible for paying their own legal costs incurred in this transaction.
Specification
- Well established, high turnover fish & chip shop
- Gross sales circa £13,000 per week
- Designed and fitted to a high standard
- Prominent trading position within on busy high Street.
- Surrounding operators include Scotmid, The Oatridge Hotel & Applecross Motor sales
- EPC Rating Pending