FOR RENT
30/06/21
809
1390 / Rightbiz
Price stated is annual rent payable - nil premium.
Highly Visible Restaurant Opportunity. Excellent 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.
LEASEHOLD – 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 premises do need capital expenditure and renovation prior to opening.
The business is available on a new FRI lease with an initial rent of £19,000 per annum. New lease length is negotiable.
The property has class 3 cooking consent although does not have a licence for the sale of alcohol.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.