Restaurant/cafe for sale

Brand new lease on offer from Landlord. 70 + covers depending on configuration. Currently Closed. Main dining areas with bar (35). Two basement dining areas (24 - 30) & (15). Full class 3 consent & premises licence. Gia 167.07 sq. M. £18,000 rent deposit required (15 year lease). Rv £29,400. Rent £36,000 pa. Ideal opportunity for chef-patron. Needs kitchen and internal fitout.

Leasehold nil premium

The Subjects are located in Eyre Place, a charming New Town street situated close to Dundas Street, Stockbridge and Canonmills. Princes Street and George Street are an approximate 10-minute walk from the restaurant, the centre of Stockbridge lying a similar distance to the west.

The area around Eyre Place houses many local employers including Royal London Insurance, Standard Life as well as the Tanfield office blocks. The area is also close to the Botanic Gardens, the Water of Leith and the vibrant Broughton Street area with its closeness to the Playhouse Theatre and the St. James development.

The restaurant occupies a prominent trading location on Eyre Place known to many in residence and visitors alike as a popular restaurant space for the last three decades. At the rear of the restaurant, one of the largest developments in Central Edinburgh is underway. The New Town Quarter is a mixed use residential and office development that will bring many families, professionals and businesses into the area.

A restaurant has traded from this site for well over 30 years and has undergone several transitions over the years, the site has always proved to be popular given the high-quality trading area and demographics on the doorstep. Some of the wealthiest and most exclusive streets in Edinburgh are a mere stones throw away in terms of radius. Given the location and previous trading history the business would suit a wide variety of trading styles and cuisines.

The business is offered for lease on a new lease basis. Our clients are happy to offer a 15 year lease.