The subjects comprise a double fronted hot food unit arranged over the ground and basement floors of a four storey stone built terraced tenement building under a part pitched and slated, part flat felt roof.
The subject is currently fitted out as a Chinese restaurant and takeaway and comprise; reception area with takeaway counter, main restaurant area, kitchen and disabled WC with further customer toilets, staff areas and various stores at basement level. The flue runs up the rear of the tenement.
Location
The subjects are located on the south side of Cadzow Place approximately 50m to the east of the junction with Montrose Terrace and East Norton Place on a continuation of the A1/London Road. Cadzow Place forms part of London Road which is a major thoroughfare running west to east from the city centre towards East Lothian and beyond. Nearby occupiers in close proximity include Scotbet, Lloyds TSB and Barnardo’s.
Accommodation
We have calculated the gross internal area of the subjects to extend to approximately 175.80m2
Terms
RATEABLE VALUE
The subjects are entered in the current Valuation Roll at a rateable value of £16,100 per annum.
PRICE/LEASE TERMS
Our client are willing to enter into a standard full repairing and insuring lease term for a term to be agreed incorporating regular rent reviews with an initial rental of £17,500 per annum.
LEGAL COSTS
Each party to bear their own legal costs in the documentation of this transaction; however the ingoing tenant will be liable for LBTT, Registration Dues or VAT incurred thereon.