Restaurant/cafe for sale in Morrison Street, Edinburgh EH3
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Property description
Leasehold Offers over £49,000 + sav.
The business is positioned on the north side of Morrison Street, towards the western end close to Haymarket train station. Immersed in amongst a large business district circled by Festival Square to the North, Port Hamilton to the East and the Exchange to the South. This is an excellent trading location with the business surrounded by a real mix of offices, commercial and retail space, student housing as well as being close to Haymarket train station. The premises lies a short distance away from the brand-new Haymarket development.
Morrison Street connects Lothian Road and the financial services district of Edinburgh to Haymarket. This makes Morrison Street one of the busiest streets in Edinburgh, with footfall and custom 7 days a week with exceptionally high daily footfall Monday to Friday.
Our clients opened the premises as Froth & Flame in 2019, centred around a Woodfired food and beer offering. The business trades with an excellent menu offering a tasty wood fired meat and pizza offering as well as some of the best locally sourced craft beers and ales.
The business is currently run under management but would certainly suit a more hands on and direct management approach. The business trades well but there is significant turnover development for new operators.
At present the business is open 5 days a week (closed Sunday & Monday). The generous nature of the premises licence would not preclude more extensive opening times to take full advantage of the licensing hours permitted.
It is strongly felt that the premises would suit a wide variety of trading styles and international cuisines. It is also unusual in this particular location to have as sizeable floor plate like this offering 160 covers.
Offers over £49,000 are sought for the leasehold interest in the property and all fixtures & fittings pertaining thereto. Assignation of the 21 year lease agreed in 2019. The current rental is £57,500 per annum. The lease is free from any trade tie.
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.