Outstanding lock up neighbourhood bar & restaurant. Superb trading location in busy and affluent locale. Fully refurbished in 2022. Offered in turnkey walk-in condition. 84 covers over two separate areas. Single bar operation with good mix of food and wet sales. Rent £52,000 per annum. Very attractive beer tie. Little competition in high end residential area. Outdoor seating to front.
LEASEHOLD Premium £60,000 + Stock at valuation.
Foundation is located in a highly visible trading location on Colinton Road, in the Craiglockhart area of southwest Edinburgh approximately 3 miles from Edinburgh city centre. The Craiglockhart area is one of the most sought-after residential areas, located close to the Union Canal as well as being adjacent to many attractive residential neighbourhoods such as, Morningside, Shandon, Colinton and Polwarth.
The location is excellent for acting as a popular neighbourhood bar and restaurant as Colinton Road is one the most important arterial roads leading into Morningside and the city centre from the southern outskirts of the city.
This is an outstanding opportunity for an experienced operator to acquire an outstanding looking business as well as a mature and well-run business. The business is overseen by our clients as well as mixture of full and part-time staff. There is a kitchen brigade of 4 including 2 chefs.
The premises also benefits from a pavement licence and has seating for 12 outside.
The subjects are offered on leasehold basis. We are offering the residue of a 10-year lease signed in 2022. The current passing rent is £52,000 per annum. Our clients will offer a generous beer tie. Our clients undertook a refurbishment in 2022, the fixtures and fittings will remain the property of the landlord.