Triple fronted Class 1 retail property in Edinburgh suitable for coffee shop or studio use.
City of Edinburgh, EdinburghEst. 178 years
- Status
FOR SALE
- Advert ID
659124
- Reference
1848 / Rightbiz
- Call Agent:
- Leasehold: Offers Invited
- Rent: £15,000 (£1,250 per month)
- Turnover: £15,000 (£288 per week)
- Profit: Not Applicable
Business Details
Triple fronted Class 1 retail property in Edinburgh (1848)
Class 1 retail property. Busy local parade. New lease with flexible terms. Available with vacant possession. c.100 square metres. Cannot be convenience store or barbers. Annual rent £15,000.
NIL PREMIUM
The property is located on Restalrig Road which is a main thoroughfare connecting Leith Links through the densely populated Restalrig and Lochend areas to Meadowbank which is east of the city centre.
Nearby Leith Links is a popular park which hosts a number of sporting facilities along with festivals during the summer months.
Leith has seen substantial redevelopment over the last 30 years which has accommodated new shopping areas, plentiful new housing as well as popular additions to the cultural side of Leith including many quality bars and restaurants around the Shore area.
Although Leith is connected to Edinburgh, it still retains a distinct identity in itself and has great access to the A1 routing heading south and Edinburgh’s main railway station and airport are both reachable by a short drive or by public transport.
The unit is a former bookmakers and is still set up as such with service counter and screens. Phase 3 power supply. 2 customer WC’s along with kitchen, office and staff WC.
This unit is available with vacant possession and would be suitable for a number of uses from coffee shop to yoga/pilates studio. Nearby occupiers include an undertakers, convenience store, barbers and bakers. The unit cannot be used for a convenience store or a barbers.
There is plentiful parking available directly outside and on the surrounding streets.
Class 1 retail consent.
The property is offered on a new lease agreement with a starting rent of £15,000 per annum.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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