Price stated is annual rent payable - NIL PREMIUM
Highly Visible Restaurant Opportunity. Excellent opportunity. Close to Portobello Prom and planned new developments. Class 3 consent. New FRI Lease on offer – negotiable duration. GIA 114 sq m on ground floor with commercial kitchen. Basement area. Great opportunity for owner operator.
LEASEHOLD – NIL PREMIUM.
The subjects enjoy a very prominent roadside trading location on Seafield Road East at the northern end of Portobello High Street. The premises are also short stroll from the northern end of Portobello prom.
The immediate area will benefit from a large redevelopment of the Seafield Road car garage and bus depot area, which is ear marked for a substantial residential development, although there are works currently underway on an alternative development nearby.
The premises do need capital expenditure and renovation prior to opening.
The business is available on a new FRI lease with an initial rent of £19,000 per annum. New lease length is negotiable.
The property has class 3 cooking consent although does not have a licence for the sale of alcohol.
