Gross Initial Yield: 7.03%
Rental Income: £13,000 p.a.
VAT is NOT applicable to this property
Comprising a ground floor takeaway shop
Only one Chinese takeaway in town
Located next to one of the UK`s largest development plans with 3,500 new homes to be built, along with new schools, a marina and employment land in a £1 billion project.
Occupiers nearby include Co-Op Food, Dominos, amongst number of local café/takeaways and a butcher.
The property is arranged as a ground floor takeaway shop. The property provides the following accommodation and dimensions:
Ground Floor: 64.26 sq m (692 sq ft)
The entire property is at present let to an Individual for a term of 20 years from 1st February 2013 at a current rent of £13,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews in 2023 and every 5th year after.
Winchburgh is a village in the Council area of West Lothian, Scotland. It is located approximately 10 miles (16 km) west of the city-centre of Edinburgh, 6 miles (9.7 km) east of Linlithgow and 3 miles (4.8 km) northeast of Broxburn. There are regular scheduled buses to and from surrounding places including Edinburgh, Linlithgow, Falkirk, South Queensferry and Broxburn. Located next to one of the UK's largest development plans with 3500 new homes to be built, along with new schools, a marina and employment land in a £1 billion project. Occupiers nearby include Co-Op Food, amongst number of local café/takeaway shops and a butcher.