Pizza Hut lease for sale in a prominent trading location in Stockbridge Edinburgh

- Corner property

- Prominent trading location

- Main road frontage

- Busy thoroughfare

- High standard fit-out

- Turnkey opportunity

Location

The property is located in the Stockbridge shopping area of Edinburgh and serves a local high amenity area including Edinburgh’s New Town, Stockbridge and Comely Bank. The location also draws from passing trade.

The property occupies a prime position and is situated on the north side of Raeburn Place, immediately at its junction with Portgower Place, which forms part of an important arterial route linking the city centre to Queensferry Road (A90). 

The area is popular with small speciality traders. Traders in the vicinity include S&B Brunch Bar, The Scran and Scallie and Twelve Triangles.

Description

The subjects comprise a ground floor hot food takeaway within a mixed-use masonry building arranged over four floors. The roof is pitched and covered in tiles. The property benefits from return frontage.

The takeaway is accessed via a flush pedestrian doors which lead into the customer waiting area. Internally, the space is fitted out to a high standard with corporate branding. The commercial kitchen is, as expected, fitted out to a professional standard with extract ventilation, conveyor gas fired pizza oven, pizza prep station and a range of stainless steel sink units, utility basins and fitments. 

A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is of tile/commercial vinyl, walls covered with splash backs and the suspended grid ceiling incorporates LED spot lighting. There are 2 independent walk-in chill/freezer rooms storage space, admin office and staff welfare facilities to the rear.

Accommodation

The subjects provide the following approximate net internal floor areas;

TOTAL - 73.38 sqm (790 sq ft)

The above areas have been calculated on a Net Internal Area basis in compliance with the RICS Code of Measuring Practice (6th edition).
 

Tenure

The lease is available by way of assignation, for the residual term of the lease, which expires in July 2028. The current rent is £37,500 per annum. 

Premium

Offers over £120,000 are sought for our client’s leasehold interest in the property including the fixtures and fittings in situ.

Rateable Value

According to the Scottish Assessors Association, the subjects have a Rateable Value of £24,000.

EPC

The property has an Energy Performance Certificate (EPC) rating of G (121). A copy of the EPC is available upon request.

VAT

The subjects are elected for VAT, therefore, VAT is payable.