Gross Initial Yield: 7.20%
Rental Income: £14,400 p.a.
VAT is applicable to this property
Comprising a ground floor restaurant/takeaway shop
Tenant in occupation for 16 years
No break clause
Asset management opportunity, ERV circa £18,000 p.a.
Occupiers nearby include LIFT gym, Pure gym, ELS Student accommodation, amongst other local takeaway shops, florist and barber.
The property is arranged as a ground floor restaurant/takeaway shop.
The property provides the following accommodation and dimensions:
Ground Floor: 87.05 sq m (937 sq ft)
The property is at present let to an Individual t/a Pizza Plus for a term of 21 years from 18th May 2012 at a current rent of £14,400 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews in 2022, 2027 and 2032. The tenant has been in occupation for 16 years.
Gorgie Road forms one of the main road links between the west of Edinburgh and the city centre. Occupiers nearby include LIFT gym, Pure gym, ELS Student accommodation, amongst other local takeaway shops, florist and barber.