Award winning Italian Restaurant in Stockbridge, Edinburgh comes to market

  • Leasehold Price: £60,000
Edinburgh, Midlothian, Scotland
Seller Ref:10885
Sale Agreed

Award winning Italian Restaurant in Stockbridge, Edinburgh comes to market

Edinburgh, Midlothian, Scotland
Seller Ref:10885
  • Leasehold Price: £60,000

Overview

Seller Ref: 10885

Description

A great opportunity to acquire a very popular Award Winning Restaurant in Edinburgh which has been operated by our clients for 2 successful years. Previously Rollo in Stockbridge for a number of years this business and unit sits on Raeburn Place, directly opposite Tom Kitchin’s Scran & Scallie. A compact and profitable business it seats 30 covers, has tables outside for a further 12 under a canopy – is fully licensed 7 days a week til 1am and has full hot food consent.

The current lease has been extended we understand until 2033 with the passing rent at £23k p.a. likely to be reviewed.

Leasehold Terms:
We understand the current lease has been extended for a further 10 years to 2033 with a rent review likely. Passing rent currently £23k p.a.
Trading Hours:
Daily - 7 days a week
Location Details:
The business is located to the North of Edinburgh City Centre in the affluent Stockbridge neighbourhood. Positioned on the main road, Raeburn Place through the centre of Stockbridge it enjoys as South facing aspect.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA
Website address:
www.laboccastockbridge.com

Listed By:

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