Restaurants for sale in Edinburgh City

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Licensed restaurant in popular Shore area of Edinburgh for lease (ref 1364)

Edinburgh City, Scotland

    Seller Reference: 1364
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    Business Description
     
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    Seller Reference: 1364
    Request Details
    Business Description
    Class 3 Restaurant Premises.  Can cater for circa. 90 covers (raised seating area for 52 covers & dining area to rear for 40 covers).  Superb shore location.  High profile trading location.  Capex required.  New lease – rental £34,000 per annum.  Nil premium.  

    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 bustling areas of North Great Junction Street and Leith Walk lie a five minute walk to the north whilst Edinburgh city centre is approximately 2 miles north of the shore.

    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. 

    The property is offered on a new lease.  Dependant on covenant, our client would look to grant a 15 to 20 year full repairing and insuring lease.   The property is offered on a Nil premium basis and  rental offers of £34,000 per annum are invited.  Rent Deposit and/or Personal Guarantee required.  CV & business plan may be required depending on covenant.
    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.
    Leasehold Term:
    The property is offered on a new lease. Dependant on covenant, our client would look to grant a 15 to 20 year full repairing and insuring lease. The property is offered on a Nil premium basis and rental offers of £34,000 per annum are invited.
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