A superb opportunity for a hands on buyer. Full class 3 consent. Currently trading as a ramen restaurant/takeaway. Excellent trading location just off Nicolson/South Clerk Street. 4 covers. Full Kitchen with extraction. Toilet and service area. No rates payable. Attractive current rent of £15,000 per annum. 19.44sq metres. Excellent bolt on business/or hands on opportunity. Trading well under management but with room to improve. TO BE SOLD ON A DEBRANDED BASIS.
LEASEHOLD £39,000.
The premises are located on West Crosscauseway a street linking Nicolson & South Clerk Street to Buccleuch Street. This is a vibrant trading location very popular with students and lying in the shadows of Edinburgh University’s teaching buildings.
The business is situated a few steps off Nicolson Street in a very busy part of Edinburgh’s Southside. Nicolson Street is one of the main streets leading south from Princes Street to Cameron Toll through Newington.
The Festival Theatre and the Queens Hall are also a short stroll from the property.
Popular locations in Edinburgh such as Princes Street, Meadows, Grassmarket, Arthurs Seat and Holyrood Park are all located within 15 minutes’ walk from the property.
There is a wide range of complimentary catering, retail and hospitality businesses in this part of the city as well as a wide demographic of residential dwellings both privately owned and student accommodation.
Our clients have owned and operated the site for the last 5 years. Our clients are choosing to offload this particular asset in terms of strategic transformation of their business. The business will be sold on a debranded basis.
The opportunity should be of particular interest to buyers looking to establish and acquire a well performing business is one of the best trading areas of Edinburgh. At present the business trades at average gross turnover of circa 5k per week.
The premises are very compact and cater for 4 covers. Internally, the main bulk of the unit is devoted to a well put together commercial Kitchen.
The property has class 3 consent.
This opportunity would be a superb bolt on business for operators or a great hands-on business for a partnership team.
