Well established Indian restaurant (25 years). Same owners for the last 16 years. Retirement sale. 44 covers. Occupying a prime city centre trading pitch. Next to Multrees Walk, Harvey Nichols & the St James Quarter. GIA 127.60 SQ metres over ground floor and basement. Long term lease until 2045. Current rent £36,000 per annum. Would suit a wide variety of international cuisines. Currently trades on restricted opening to suit retiring owner. Huge potential to increase.
LEASEHOLD Offers over £75,000.
The business occupies a prominent position on North St Andrews Street, just off St Andrew Square and close to the junction with Queen Street/York Place.
This part of Edinburgh city centre has seen a dramatic transformation over the last few years with the opening of the popular St James Quarter and the addition of further hotels and restaurants in the area.
St Andrew Square is one of the most prestigious locations in Edinburgh which offers open garden space as well as being the main bus station for Edinburgh and a main interchange for the tram network. Edinburgh’s Waverley train station is also just a few minutes’ walk from here.
Edinburgh continues to be one the most visited cities in Europe with tourists from all over the world arriving to see the many famous attractions whilst the highly respected universities welcome students all year round.
Our client has been involved with the restaurant for the last 25 years and has run Zest for the last 16 years. This is a retirement sale, offering a prime pitch Edinburgh restaurant site to new owners. Zest is well known in Edinburgh, trading as an upmarket Indian restaurant.
The owner has purposely cut back on trading hours as their retirement approaches, at present the site only trades from 5pm – 10.30pm seven days per week. Our client has recently extended the lease, and the opportunity is offered to market with 20 years remaining on the existing lease.
It is strongly felt given the prime location, the space would suit a variety of cuisines and trading styles.
