MASSIVE PRICE REDUCTION
Rare free of tie leasehold opportunity. Great trading location close to the new 390,000 sq. ft. Haymarket mixed use development. Close to Haymarket train station as well as EICC and financial services district.
Substantial premises over ground and basement level. Assignation of a 21 year lease agreed in 2019. Current rent £57,500 per annum. Capacity as per premises licence of 160 seated and 300 seating and standing.
Rateable value £31,500 as per SAA. Generous premises licence with opening permitted to 1am 7 days per week. Exciting opportunity for a wide variety of licensed operators and different cuisines.
LEASEHOLD Offers over £49,000 + SAV.
The business is positioned on the north side of Morrison Street, towards the western end, close to Haymarket train station. Immersed in a large business district circled by Festival Square to the north, Port Hamilton to the east, and the Exchange to the south,.
This is an excellent trading location, with the business surrounded by a real mix of offices, commercial and retail space, student housing and being close to Haymarket train station. The premises lie a short distance away from the brand-new Haymarket development.
Morrison Street connects Lothian Road and the financial services district of Edinburgh to Haymarket. This makes Morrison Street one of the busiest streets in Edinburgh, with footfall and custom 7 days a week and exceptionally high daily footfall Monday to Friday.
Our clients opened the premises as Froth & Flame in 2019, centred around a wood-fired food and beer offering. The business trades with an excellent menu offering tasty wood-fired meat and pizza, as well as some of the best locally sourced craft beers and ales.
The business is currently run under management but would certainly suit a more hands on and direct management approach. The business trades well, but there is significant turnover for new operators.
At present, the business is open 5 days a week (closed Sunday & Monday). The generous nature of the premises licence would not preclude more extensive opening times to take full advantage of the licensing hours permitted.
It is strongly felt that the premises would suit a wide variety of trading styles and international cuisines. It is also unusual in this particular location to have a sizeable floor plate like this, which offers 160 covers.
Offers over £49,000 are sought for the leasehold interest in the property and all fixtures & fittings pertaining thereto. Assignation of the 21-year lease was agreed upon in 2019. The current rental is £57,500 per annum. The lease is free from any trade tie.
