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Claremont House, 130 East Claremont Street, Edinburgh
£495,000 OIRO
Atholl Service Station and Waterside Caf is an extremely busy business which has been run by the current proprietors since 2004. The business benefits from an excellent location within the village and is the only fuel station for 20 miles, the business underwent a full refurbishment and comes fully equipped and presented in walk-in condition. Although the business is trading extremely successfully, there is still an opportunity to expand the business. The business is being sold due to the current vendors wish to retire.Caf/Bistro:The Waterside caf/bistro operates six days per week, opening from 10:00 - 21:00 in the summer months and 10:00 - 17:00 in the winter. The caf proves popular with tourists and locals alike, offering an extensive selection of breakfast fare, light lunches and hot meals. The caf further benefits from an alcohol licence, accommodating up to 30 covers inside. To the rear of the bistro, you will find a well-presented decking seating area. The outside seating area is well furnished with modern furniture and can seat up to 24 persons.Fuel Station and General Store:Trades from 08:00hrs - 20:00hrs seven days a week, all year round. The fuel station has fuel sales in excess of 700,000 litres per annum, and is a central and important resource for the local community, being the only fuel station in the area. The shop offers a good selection of general groceries, newspapers, magazines, chilled produce, confectionery, cigarettes, beers, wines and spirits. The shop also offers car consumables and various other seasonal inventory, such as beach toys in summer and scarves, hats and gloves in winter. Located to the rear of the forecourt the business further benefits from a small garden centre. The garden centre offers a good selection of potted plants and shrubbery along with compost and some garden ornaments.Building internal:The property is a detached property which is split into three areas. The forecourt has three fuel pumps under a traditional garage canopy. The shop is accessed by a double glazed single UPVC door directly off the forecourt. On entering the shop the service counter is located to the right. The shop is well presented and has wall mounted display shelving along with a central island display shelve unit. Staff access to the caf is from behind the counter. To the rear of the forecourt is the garden centre. The garden centre has several timber display shelve units. The garden centre is secured by double wrought iron gates and fencing. The Waterside Caf is located to the right of the forecourt and is entered via a double glazed single door. The caf is well presented and furnished with wooden tables and chairs. The caf benefits from a commercial kitchen with ample work space and comes fully equipped.
By appointment through McEwan Fraser Legal on 01463 211 116
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
Service includes bottled gas. Mains drainage. Accounts and full trading figures will be made available after a formal viewing has taken place. Current stock will be additional at valuation. An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to the lease, this will be available to all parties wishing to offer. Viewings are by appointment only.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Claremont House, 130 East Claremont Street, Edinburgh
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