Restaurants for sale in Kirkwall

View the "Stunning 50 Cover Italian Restaurant in Lifestyle Location" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £490000 Leasehold Price: £260000
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Business Description
Central Business Sales is delighted to offer to the market this stunning 50 cover Italian restaurant in the stunning location of Kirkwall in the Orkney Islands. The business has built up an excellent reputation, having been established for over 3 years and now shows a healthy profit. The premises also offer an excellent investment opportunity as planning permission is in place for either a large one bedroom or a smaller 2 bedroom flat. The owner is selling the property and business due to his impending relocation to Edinburgh.

The premises are approximately 153 square metres (1644 square metres). The 50 cover restaurant is in excellent condition, having had a complete refurbishment to a very high standard. All fixtures, fittings and equipment have been replaced. There is a large open plan seating area to the front with a large fully equipped commercial kitchen to the rear. There is a separate entrance to the 2 upper floors, which are ripe for renovation and would make ideal owner accommodation (planning permission in place).

The very profitable business offers a freshly prepared Italian menu including breakfasts, light snacks, a full lunchtime menu, pasta, pizza, appetisers, fish dishes, chicken dishes, desserts and a large childrens menu. The licensed premises also offer an extensive wine range as well as beers from all over the world.

The property and business are being sold on either a freehold or a leasehold basis. The freehold option has an asking price of £490,000 (offers in the region of), whilst the leasehold option is £260,000, with an annual rent of £36,000.

The family run restaurant is open from 09:00-21:00 7 days a week and benefits from local and tourist trade all year round. Full financial details will be issued following a viewing.

Tenure: Freehold, Leasehold

Leasehold Term: Rent £36,000 per annum

Listed by: Central Business Sales
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