Restaurant/cafe to let in Canongate, Edinburgh EH3

£35,000 pa (£65.79/sq. ft. pa)
Restaurant/cafe to let 532 sq. ft*
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Property description

Café with full class 3 consent. Enviable location on Edinburgh’s Royal Mile. Rare opportunity in this area. Alcohol licence in place. Approx 32 covers. Scope to adapt for alternative offering. Potential for extended trading hours. Annual rent £35,000.

Luscious Cafe is situated on Canongate, which forms part of The Royal Mile, Scotland’s busiest street for tourism.

The Royal Mile stretches from the world famous Edinburgh Castle at one end down to The Palace of Holyrood at the other, there is almost exactly 1 mile between these two renowned attractions.

This part of the ‘Old Town’ is the busiest tourist location in the city, with a wide and varied selection of retail businesses, restaurants, pubs and hotels. Other popular locations in Edinburgh such as Princes Street, Grassmarket, Arthurs Seat and Holyrood Park are all located within a few minutes walk from the property.

Our client has owned and operated Luscious Café since 2013 and has placed it on the market to concentrate on an alternative business interest.

Previously operating it with additional family assistance on fuller hours he has recently cut this back to closing at 4.00pm and also with a restricted menu. There is scope to adapt the offering and take advantage of extending the opening hours and utilising the 11.00pm alcohol license in place.

The premises benefit from exceptional footfall all year round, especially during the Edinburgh Fringe Festival and Christmas/New Year celebrations.

Further developments around the property ensures that the area will continue to attract both locals and visitors.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Cornerstone Business Agents, EH26 on +44 131 268 8358 * (local rate)

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