201 Pleasance, Edinburgh, EH8 9RU
Lease Disposal/Business Sale
Hot Food Takeaway with some seating
Location
The Pleasance area of Edinburgh is a vibrant and highly sought-after locale, situated approximately 0.25 miles south of the city centre. Renowned for its residential appeal combined with a lively retail and business environment, it benefits from a significant student population and a growing number of high-end eateries and bars.
The property is positioned near the junction of Hardwell Crescent, connecting with St Mary’s Street and St Leonard’s Street, offering excellent visibility and foot traffic. The area is a main route for students walking to George Square and Edinburgh Sport University, ensuring a steady flow of potential customers. The location is well-served by public transport, with regular bus routes to the city centre and surrounding districts.
Description
Occupying the ground floor of a traditional stone-built three-storey building with a slated roof, the unit has been tastefully decorated to create an inviting atmosphere. The internal layout is well-designed, maximizing space and functionality for a takeaway operation.
The front area is modern, welcoming, and highly attractive to customers, while the rear houses a fully equipped, spotless kitchen, suitable for immediate operation. A staff WC is conveniently located at the rear right-hand side. Externally, the shop benefits from excellent illuminated signage and is well-maintained, enhancing its curb appeal.
This prime location offers excellent opportunities for delivery services alongside dine-in and takeaway options, making it an ideal spot for a thriving food business.
The Business
‘Thai 2 Go’ has been operating at 201 Pleasance since August 2019, following extensive renovations and brand development. Specializing in authentic Thai street food, the business offers dine-in, takeaway, and delivery services via their website https://www.thai2go.net/ as well as platforms such as Uber Eats and Hungry Panda.
The business boasts a strong social media presence, high ratings (4.6 stars on Google), and glowing reviews. It has demonstrated consistent turnover, operating from 3:30 pm to 9:00 pm, five days a week. There is significant potential to expand opening hours and days to increase revenue.
Accommodation
According to our measurement survey, the subjects would comprise the following approximate areas:
Total NIA 34 M2 (366 SQ FT)
Rating
According to the Scottish Assessors website (www.saa.gov.uk) the subjects have a Rateable Value of £7,800. The uniform business rate for the current year is £0.49 pence in the pound.
Occupiers may be eligible for rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.
Rent & Lease Term
The rent was £15,000 per annum and recently got reviewed to have a £60 per month increase. The lease is held on full repairing and insuring terms and conditions and runs until 2029, the landlord will consent to an extension for the next occupier.
Premium
We are seeking a premium of offer over £50,000 for the business, fixtures and fitting and the leasehold interest.
Services
The property has mains water, gas and electricity.
Energy Performance Certificate
The EPC rating is pending.
A copy of the EPC and recommendation report can be provided upon request.
Entry
By agreement on completion of legal formalities.
Legal Costs
Each party will bear their own legal costs and both parties will share any landlords’ legal costs 50-50%. The ingoing tenant or purchaser will be responsible any LBTT due on the lease purchase.
