LEASEHOLD - NIL PREMIUM
An excellent high-profile opportunity. Well-known West End trading location. Valuable 3 am premises license. Well-fitted Restaurant & Bar. Offered in turnkey condition. Free of tie trading opportunity. 85 – 90 Covers on the ground floor. 18 covers in the first floor private dining room. The 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.
IN LIEU OF NIL PREMIUM, THE LANDLORDS WILL ONLY CONSENT TO A NEW TENANT WHO ARE ABLE TO PROVIDE AND OUTLINE A SIGNIFICANT CAPEX PLAN FOR INTERNAL REFIT AND REBRANDING.
The premises occupy a prominent trading location in the heart of Edinburgh’s West End. The premises occupy a visible trading pitch on the southside of Shandwick Place, yards from the West End (Princes Street) tram stop. The West End 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.
The main entry leads into bright and welcoming restaurant premises. The ground floor trading area extends 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 and 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 lend themselves well to a variety of different trading styles and cuisines.
The property operates with class 3 consent and trades with a 3 am license.
The property is available on a leasehold basis.
The lease is offered on a nil premium basis, however our clients are looking for a well established covenant to take on the new lease. The landlord expects new tenants to rebrand and spend liberally on a significant internal CAPEX.
Any new tenants will have demonstrated their capability to operate the business and supply details of their financial status, in order that landlord consent is granted.
