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Prime Restaurant Lease Opportunity with Late-Night Licence in Edinburgh's West End

City of Edinburgh, Edinburgh
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A superb Restaurant opportunity in Edinburgh City centre (1619) Photo 1
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A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)A superb Restaurant opportunity in Edinburgh City centre (1619)
  • Status

    FOR SALE

  • Date Submitted:

    27/11/23

  • Advert ID

    603159

  • Reference

    1619 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £75,000
  • Rent: £85,000
  • Turnover: On request
  • Net Profit: On request

Business Details

A superb Restaurant opportunity in Edinburgh City centre (1619)

An excellent high-profile opportunity. Well know West End trading location. Valuable 3am premises license. Well fitted Restaurant & Bar. Offered in turnkey condition. Free of tie trading opportunity. 85 – 90 Covers on ground floor. 18 covers in first floor private dining room. Outdoor trading area at the rear. Well equipped kitchen and service areas. Rent £85,0000 per annum. Would suit a variety of different trading styles/cuisines. Total GIA of 291.85.

LEASEHOLD Premium £75,000.

The premises occupy a prominent trading location in the heart of Edinburgh’s West End. The premises occupies a visible trading pitch on the southside of Shandwick Place, yards from the West End (Princes Street) tram stop. The West End still remains one of Edinburgh’s premier office destinations with nearby Melville Street, Charlotte Square and Exchange Crescent a hub for accountants, solicitors and finance houses. Shandwick Place is also very close to Lothian Road, Princes Street and the New Johnny Walker Experience – this is a new and very prominent Edinburgh tourist destination, slated to attract 1.5m annually. The location offers new owners a great trading pitch with an already busy level of footfall 7 days per week.

Main entry leads into a bright and welcoming restaurant premises. The ground floor trading area extends all the way to the rear and can cater for 90 covers easily. On the first floor of the property there is a private dining room/function space for 18 covers. This space doubles as a function room, private dining facility as well as corporate meeting space. Externally, there is a small, licensed patio area to the rear.

This is an excellent opportunity to acquire a new long-term lease on a very prominent trading pitch in the heart of Edinburgh’s popular west end. It is strongly felt that the subjects will lends itself well to a variety of different trading styles and cuisines.

The property operates with class 3 consent and trades with a 3am licence.

The property is available on a leasehold basis.

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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.

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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.

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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.

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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.

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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.

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The data showed regarding this advert 'A superb Restaurant opportunity in Edinburgh City centre (1619) - 1619 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.