Restaurant/cafe for sale in Gillespie Place, Edinburgh EH10

An immaculate licensed opportunity. Premises licence and class 3 consent. Sought after trading location in Bruntsfield/Tollcross area. Attractive rental level. Fully equipped to a very high standard. Ideal opportunity for hands on operator. 35 covers. Well equipped kitchen and service areas. Rateable value £16,800. Passing rent £14,000 per annum. Offered in turnkey/walk in condition. Suitable for a variety of different trading styles. Gia 85.13 sq. Metres.

Leasehold Premium £43,500.

Thai Inn enjoys a prominent trading location close to The Kings Theatre, Cameo Cinema as well as the Meadows. The business is located just north of Tollcross and Lothian Road on the southerly outskirts of Bruntsfield. The immediate vicinity provides an excellent mix of retail and quality restaurants, bars & Cafes. Occupiers close by Include, Kora (Tom Kitchin), Hendersons, Patron Saint as well as Bennetts Bar.

The area also provides a mix of a bustling student population, young professionals as well as some of the most expensive residential streets in Edinburgh.
Gillespie Place offers an excellent roadside frontage and a high footfall trading location to serve the local community and for passing trade.

Our client has traded the business successfully and has recently pivoted the food offering to a more profitable cuisine offering. Our client purchased the premises as a steak restaurant but they have successfully transformed the business into a Thai restaurant. Our clients run the premises with family and staff currently trading 6 days per week with only evening offering. Our clients advises average turnover is circa 5k per week.

It is strongly felt the premises would continue well as a Thai restaurant but given the class 3 usage, the site would suit a variety of trading styles.

The property is available on a leasehold basis. We are offering an assignation of the current lease. We are advised that the current lease is until 2029. Current rent is £14,000 per annum.