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Leasehold Restaurant Premises Edinburgh (ref. 1217) For Sale

Edinburgh, Edinburgh City, UK
Asking Price:
£32,000 Furniture / Fixtures included
Turnover:
Not applicable
Net Profit:
Not applicable

These restaurant premises occupy a prominent trading location towards the western end of Morrison Street, close to Haymarket Station in Edinburgh.  

Our clients have operated from these premises for approximately 2 years, firstly as a Japanese restaurant and latterly as a tea bar/Chinese restaurant.  They have reluctantly ceased trading to concentrate on other business interests. 

The premises are fitted out to the highest standard throughout and would be suitable for a number of different opportunities, most likely best suited to a fully operational licensed restaurant. 

Leasehold.   The business is held on a FRI lease which runs until 27th March 2027 with a review in 2023.   Annual rent payable is currently £13,000 plus VAT.

Property Information

Property:

Leasehold

Lease Terms:

Leasehold. The business is held on a FRI lease which runs until 27th March 2027 with a review in 2023. Annual rent payable is currently £13,000 + VAT per annum.

Leasehold Rent:

£13,000 per annum

Location:

These restaurant premises occupy a prominent trading location towards the western end of Morrison Street, close to Haymarket Station in Edinburgh.

Premises Details:

This highly prominent property occupies the ground floor and basement levels of a terrace Victorian tenement with double shop frontage. There is car parking available in the surrounding streets and in nearby car parks.

Business Operation

Reasons for selling:

Other business interests.

Other Information

Related Documents:
Business closed / Asset sale:
Yes

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