Restaurant for sale on Leith Walk in Edinburgh with potential for various cuisines and high foot traffic
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Advert ID
653633
- Reference
1827 / Rightbiz
- Call Agent:
- Leasehold: £79,000
- Rent: £18,000 (£1,500 per month)
- Turnover: On request
- Profit: On request
Business Details
A Deceptively Spacious Restaurant in a Prime Trading Location, Edinburgh
A well-presented restaurant opportunity. Deceptively sized premises. Arranged over ground floor and basement. 38 Covers. High profile trading location on Leith Walk. Sought after locale. Class 3 consent. GIA 80.40 sq.m. 12 years left on current lease. Unlicensed BYOB. Attractive rent of £18,000 pa. Rates exempt. Would suit a variety of different styles/cuisines. Huge potential for new owners.
PREMIUM £79,000.
Pera occupies a very prominent trading position on Elm Row, Leith Walk. Leith Walk is one of the most vibrant, colourful and eclectic trading locations in central Edinburgh connecting the city centre to Leith and Edinburgh’s waterfront.
Leith Walk has undergone significant redevelopment over the last two to three years with the completion of many developments and projects which have enhanced accessibility as well as increasing the popularity and population of the immediate area. Chief amongst these developments has been the arrival of the tram network to the area. This has increased accessibility of Leith to the city and increased footfall and inward investment into Leith.
Additionally, the completion of the St James Quarter at the top of Leith Walk has realigned Edinburgh’s city centre with the balance shifting to focus on the east end of the city centre. There have also been significant residential and retail developments up and down Leith Walk which continue to enhance the area.
The transformation of the Leith Walk area has gone “hand in hand” with the success of premises like Pera. Leith Walk is very much seen as an up-and-coming area of the city centre already attracting entrepreneurial owners, companies and individuals.
Pera has operated as a popular Turkish BBQ and Meze bar for the last 12 years. The site benefits from a superb prime trading location on Elm Row towards the city centre end of Leith Walk.
Internally the site is compact, yet deceptively spacious allowing 38 covers to be spread over ground floor and basement. The premises would also benefit and suit a wide variety of different international cuisines and trading styles.
The business premises benefits from an attractive level of rent for a site this close to the city centre. The subjects are also rates exempt.
The premises (through our clients choosing) are only open 32 hours per week. Tuesday, Wednesday, Thursday & Sunday – 5pm -10pm. Friday & Saturday – 5pm -11pm. Closed Monday. There is obvious potential for new owners to open more extended hours.
The business trades as a BYOB and does not operate with a premises licence. We are advised that the business trades with class 3 consent.
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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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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.'.
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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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