Price stated is annual rent payable - nil premium.
Excellent restaurant opportunity. Close to Portobello Prom and planned new developments. Class 3 consent. New FRI Lease on offer – negotiable duration. GIA 114 sq m on ground floor with commercial kitchen. Basement area. Great opportunity for owner operator. Rent £20,500 per annum. Capital expenditure and renovation required prior to opening. Nil premium.
The subjects enjoy a very prominent roadside trading location on Seafield Road East at the northern end of Portobello High Street. The premises are also short stroll from the northern end of Portobello prom.
The immediate area will benefit from a large redevelopment of the Seafield Road car garage and bus depot area which is ear marked for a substantial residential development, although there are works currently underway on an alternative development nearby.
The property consists of a double shop unit, occupying the ground floor and basement of a Victorian style tenement property. Main entry is on ground floor leading into the premises.
The property comprises restaurant area with counter, potentially 30 or 40 covers. Staff area, commercial kitchen as well as ladies & gents toilets. Accessed via staircase at the side of the property is the basement. This is a substantial area currently used for storage.
The premises do need capital expenditure and renovation prior to opening. There are items within the property belonging to the previous tenants bakery use which will be removed from the premises.
The property has class 3 cooking consent although does not have a licence for the sale of alcohol.
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