Restaurant/cafe for sale in Shandwick Place, Edinburgh EH2
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Property description
Leasehold - nil premium.
In lieu of nil premium, the landlords will only consent to A new tenant who are able to provide and outline A significant capex plan for internal refit and rebranding.
The premises occupy a prominent trading location in the heart of Edinburghs West End. The premises occupies a visible trading pitch on the southside of Shandwick Place, yards from the West End (Princes Street) tram stop. The West End still remains one of Edinburghs premier office destinations with nearby Melville Street, Charlotte Square and Exchange Crescent a hub for accountants, solicitors and finance houses. Shandwick Place is also very close to Lothian Road, Princes Street and the New Johnny Walker Experience, this is a new and very prominent Edinburgh tourist destination, slated to attract 1.5m annually. The location offers new owners a great trading pitch with an already busy level of footfall 7 days per week.
Main entry leads into a bright and welcoming restaurant premises. The ground floor trading area extends all the way to the rear and can cater for 90 covers easily. On the first floor of the property there is a private dining room/function space for 18 covers. This space doubles as a function room, private dining facility as well as corporate meeting space. Externally, there is a small, licensed patio area to the rear.
This is an excellent opportunity to acquire a new long-term lease on a very prominent trading pitch in the heart of Edinburghs popular west end. It is strongly felt that the subjects will lends itself well to a variety of different trading styles and cuisines.
The property operates with class 3 consent and trades with a 3am licence.
The property is available on a leasehold basis.
The lease is offered on a nil premium basis, however our clients are looking for a well established covenant to take on the new lease. The landlord expects new tenants to rebrand and spend liberally on a significant internal capex. Any new tenants will have demonstrated their capability to operate the business and supply details of their financial status, in order that landlord consent is granted.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Cornerstone Business Agents, EH26 on +44 131 268 8358 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cornerstone Business Agents, and do not constitute property particulars. Please contact Cornerstone Business Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.