The subjects are located on the East side of Leith Walk approximately one hundred yards North of the junction with Great Junction Street, adjacent to Crown Lane and opposite Casselbank Street.

Leith Walk itself is a busy local distributor road linking the Port of Leith with the East end of Princes Street.  The subjects are situated directly adjacent to the principal bus stop at the foot of Leith Walk which generates a significant level of trade.

The subjects comprise a traditional double retail unit arranged over the ground and lower ground floors within a traditional mid terrace over basement tenement building.  Due to site contours, the subjects are effectively at full five storey height to the rear which provides loading/delivery access.

The sales area is arranged over ground level and is fully shop fitted with part arranged to provide a general grocery section in addition to a deli counter.  There is a small goods lift to the rear of the shop for the transfer of stock.

The basement provides a range of stores, deli/sandwich preparation area with walk in chill, office, staff room and WC.

Our client purchased the business approximately six and a half years ago, however, is seeking to emigrate.

Operating as a licensed grocer/CTN, a wide range of stock is offered with a high level of the income generated from confectionery and juice sales.  Cigarette sales also equate for a significant proportion of income.  Newspapers are available and the weekly newsbill is in the region of £800 and £1,000 per month for Evening News.  No deliveries are undertaken.

There is a delicatessen counter which offers a selection of meats, cheeses, etc and is popular with local customers.  Filled rolls and sandwiches are also available.

Our client operates the business with assistance from two full time and six part time staff.  Opening hours are currently as undernoted:-

Monday – Saturday  6.30 am – 10.00 pm

Sunday   8.00 am – 8.00 pm

The business does not have National Lottery although a cheque cashing service is available which generates 4% commission of the value cashed.  This doesn’t generate a significant level of commission, however, the customers do tend to purchase goods from the shop on using the service.

Financial documentation will be provided to interested parties after viewing and confirmation of interest.  Weekly sales average £17,000, net of VAT.

The subjects are held on the basis of a 25 year full repairing and insuring lease, which commenced in 1999.  The passing rent is £15,000 per annum, with a five yearly review provision. 

As would be expected under the terms of a traditional lease, the incoming tenant will be required to demonstrate their ability to fulfil their obligations under the lease, in particular financial obligations, and references will be requested at an early stage, without exception.