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Stunning 36 Cover Restaurant, Edinburgh (ref.1171) For Sale

Edinburgh, Edinburgh City
Asking Price:
£80,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Casa Masa is located in Eyre Place, a charming New Town street situated close to Dundas Street, Stockbridge and Canonmills. Princes Street and George Street are an approximate 10 minute walk from the restaurant, the centre of Stockbridge lying a similar distance to the west.

Internally the premises comprise a vibrant, beautifully presented restaurant space which can cater for up to 36 covers. 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 business has been in our clients’ hands for a short period of time. Our clients purchased the property and set about a full scale development and refurbishment of the unit opening in May 2018. Our clients’ focus is concentrating on Catalan and Spanish food although it is felt, given the location, it would lend itself to a variety of different cuisines and uses.

Our clients have several other licenced interests throughout the city and wish to sell to concentrate on their other business interests. It is strongly felt that the business would benefit from hands-on ownership and would similarly benefit from being run by a chef patron.

Property information

Property:

Leasehold

Lease Terms:

The property is offered for sale on a leasehold basis with a current passing rent of £30,000 per annum with the residue of a 25 year lease which began in 2017.

Leasehold Rent:

£30,000 per annum

Location:

Casa Masa is located in Eyre Place, a charming New Town street situated close to Dundas Street, Stockbridge and Canonmills. Princes Street and George Street are an approximate 10 minute walk from the restaurant, the centre of Stockbridge lying a similar distance to the west.

The area around Eyre Place houses many local employers including Royal London Insurance, Standard Life as well as the Tanfield office blocks. The area is also close to the Botanic Gardens, the Water of Leith and the vibrant Broughton Street area with its closeness to the Playhouse Theatre and the new St. James development.

The restaurant occupies a prominent trading location on Eyre Place known to many in residence and visitors alike as a popular restaurant space for the last three decades

Premises Details:

The property occupies the ground floor and basement of a Victorian style tenement property. The restaurant premises occupy the end of terrace.

Business Operation

Reasons for selling:

Other business interests.

Years established:
1 year

Contact Information

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  2. Country

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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