Recently refitted restaurant premises. Quality f&f throughout/New kitchen. c.£12,000 per week/4-day trading. Excellent opportunity for hands on operator. Long lease until 2044. Traded as restaurant here for 40+ years. Annual rent - £30,000.
Leasehold Guide price - £50,000.
Michael’s is located on Eyre Place, a charming New Town street situated close to Dundas Street, Stockbridge and one of the largest developments in Central Edinburgh which is underway: The New Town Quarter is a mixed use residential and office development that will bring many families, professionals and businesses into the area. The area is also close to the Botanic Gardens, the Water of Leith and the vibrant Broughton Street area with close proximity to the Playhouse Theatre and the St. James Development.
Our clients have operated from this eatery since 2018 when the premises were fully refurbished and there have been restaurants trading from this site for 40+ years. An enviable trading location close to some of Edinburgh’s most prestigious addresses and just a short stroll from many of the most popular tourist attractions in the city.
The unit is kitted out to the highest standard throughout and would ideally suit a hands-on chef patron looking for an opportunity to showcase their skills in a beautiful setting.
The subjects are held on the basis of a FRI lease and the annual rental is £30,000. The lease expires in 2044.