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Beautifully Presented Restaurant In Edinburghs New Town For Sale

Edinburgh, Edinburgh City, UK
Asking Price:
Available on request
Net Profit:
Available on request

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.

Property Information



Lease Terms:

The subjects are held on the basis of a FRI lease and the annual rental is £30,000. The lease expires in 2044.


Michael’s is located on Eyre Place, in Edinburghs New Town.

Premises Details:

Internally the premises comprise a vibrant, beautifully presented restaurant space which can cater for up to 35 covers, 10 of which in a private dining area. Seating is by way of attractive booth style and cushion style upholstered seating around timber tables and chairs with timber floor and large floor to dado-level windows at the front and side of the property. The unit could convert itself quite easily to a variety of different trading cuisines and styles.
Ancillary Areas Ladies & gents toilets • Bar area • Commercial kitchen • Preparation area • Office • Wine cellar • Staff w/c • Associated Stores.

Business Operation

Reasons for selling:

Our client has reluctantly placed the business on the market to concentrate on other business interests.

Years established:

Other Information

Related Documents: