Edinburgh City Centre Bar/Restaurant with 140+ Covers Available for Leasehold at £50,000
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
11/10/23
- Advert ID
600960
- Reference
1609 / Rightbiz
- Call Agent:
- Leasehold: £50,000
- Rent: £118,000
- Turnover: On request
- Net Profit: On request
Business Details
Popular Edinburgh city centre bar restaurant available with vacant possession. (Ref 1609)
Popular city centre bar/restaurant. Ground floor and basement trading levels. Traded as Bar Soba for 11 years. c.140 covers. New lease available. Ideal location for a variety of uses. Annual Rent – Offers over £118,000.
LEASEHOLD Guide Price - £50,000.
Trading until very recently as Bar Soba, this bar/restaurant occupies a highly prominent trading location on Hanover Street in the heart of what has become known as Edinburgh’s “golden rectangle”. The “golden rectangle” represents a central location in Edinburgh’s New Town between St. Andrew Square and Charlotte Square incorporating all the streets and locations within.
The location also benefits from being close to George Street, Princes Street and St. Andrew Square where the recently created St James’ Quarter is now fully up and running attracting visitors and locals to the city centre.
The business trades from the ground floor and basement levels of a traditional Georgian tenement property. There is independent access to the basement as well as internal adjoining staircase. A further bar is located here along with additional covers.
This space offers a wonderful opportunity to an operator looking for a bar/restaurant space in one of Edinburgh’s most sought-after areas. The premises are in good order throughout and available for immediate entry once lease terms have been agreed.
The property is offered on a new lease agreement with a starting rent of offers over £118,000. Length of lease is negotiable. A guide price of £50,000 is sought for the leasehold interest in the property and all fixtures & fittings.
Contact Agent
Particulars / More Information
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
