Restaurants for sale in Edinburgh

View the "Leasehold Restaurant Opportunity, Leith, Edinburgh (ref. 1082)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £10,000
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Business Description
Former Raj Restaurant, a Leith institution since the 1980s. Superb shore location. Fully equipped restaurant with bar. Can cater for circa. 90+ covers. Raised seating area for 52 covers. Dining area to rear for 40 covers. Bar facilities & commercial kitchen. High profile trading location.

The former Raj restaurant occupies a prime trading position at the head of the shore situated close to other well regarded businesses including Mimi’s Bakehouse, Restaurant Martin Wishart, the Kings Wark and the Malmaison Hotel.

The property occupies the ground floor of a corner sited property with the restaurant occupying a highly visible trading location with four picture windows to the side and front. This offers an excellent view over the shore area and the Water of Leith.

At present the business is closed but briefly comprises an airy and spacious restaurant to accommodate approximately 90 covers split over a waiting area and bar in addition to a raised seating area. This whole area can approximately cater for 52 covers in addition to a rear dining area that can cater for 40. This area would be an excellent private dining/function space.

The business is offered on a new lease basis. Dependant on covenant, our client would look to grant a 15 to 20 year full repairing and insuring lease. A premium of £10,000 is sought and rental offers of £34,000 per annum are invited.
Trading Hours:
N/A - not currently trading

Number of Employees: N/A - not currently trading

Tenure: Leasehold

Location Details:
The shore area in Leith is one of the sought after restaurant destinations in Edinburgh. At present, the shore area is home to two Michelin starred restaurants as well as a great selection of pubs, cafes, coffee shops and bistros. Leith has long been described as an up and coming area of Edinburgh with an eclectic mix of shops, restaurants and bars lying next to the docks in Edinburgh’s famous port area. The area is popular with young professionals, students and families.

The former Raj restaurant occupies a prime trading position at the head of the shore situated close to other well regarded businesses including Mimi’s Bakehouse, Restaurant Martin Wishart, the Kings Wark and the Malmaison Hotel.

Leasehold Term:
The business is offered on a new lease basis. Dependant on covenant, our client would look to grant a 15 to 20 year full repairing and insuring lease. A premium of £10,000 is sought and rental offers of £34,000 per annum are invited.

Downloadable Documents

Listed by: Cornerstone Business Agents

Find out more about this business opportunity.

 
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1082
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