High profile trading location on Portobello High Street. Licensed bistro and coffee shop (Public House Licence). Class 3 cooking permission and premises license. 40/50 covers. Full commercial kitchen. Rates exempt. Historic turnover in excess of £300,000. Excellent opportunity for motivated operator. 5 years left on current lease (option to extend). Business is currently closed (December 2021).
Guide price £65,000 + Fixtures and fitting.
Rent £12,000 per annum.
Portobello is often referred to “Edinburgh by the sea” or “Edinburgh’s seaside.” The town is a popular residential and commuter town in its own right lying to east of Edinburgh city centre. Over the last five years or so the town has grown in terms of popularity and the high street has witnessed the arrival of new shops, cafés and bistro’s that reflect some of the new residential incomers moving into the area. The subject has a prominent trading location towards the southern (Joppa) end of the High Street.
A huge opportunity exists for a motivated operator to acquire a prominently located licensed premises in one of the most up and coming trading locations in the greater Edinburgh area. Portobello High Street, represents a much sought after trading location. The Skylark traded profitably from the site for the last 10 years. Our clients reluctantly closed the business in December 2021 due to personal and family commitment. The business is ready to re-open with the minimum amount of capital spend.
The opportunity is offered for sale on a leasehold basis. We are advised there are 5 years left on the current lease. We are further advised that the landlord will consider offering an additional 10 year term for new tenants. The current passing rent is £12,000 per annum. This will be subject to landlord consent.