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Licenced Restaurant In The Heart Of Edinburgh For Sale

Edinburgh, Edinburgh City, UK
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This Edinburgh New Town property was functioning as a Mexican bar and restaurant which stopped trading in June 2022. The lease is now for sale and the property has the potential and capacity to operate as a new business venture. The owner is open to potential new business ideas for the property.

The property is basement level with a functional bar and dining area that can be separated into two areas: the first is on immediate entry and the second room it leads into has an original stone wall of the Georgian architecture. The property also contains a fully equipt kitchen, separate gents and ladies toilets, storage for fridges and stock as well as a separate bin storage area.

Interior décor and the property have been extremely well looked after by our clients allowing new owners to benefit from small capital expenditure to completely furnish, redesign and renovate from an already high-end internal fit-out.
open viewing every Sunday 2 to 4 pm.

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

The subjects are held on the basis of a FRI lease and the annual rental with class 3 consent and alcohol license.
Three months deposit required £7500 and valid business references
Leasehold 10 years negotiable

Leasehold Rent:

£30,000 per annum

Location:

Located in the highly desirable Dundas Street, right outside a Lothian bus stop, a 5 minute walk from Princes Street, the Tram, Bus and Railway Station, and Edinburgh’s tourist attractions such as Edinburgh Castle. The area has a very high footfall with residents and the many tourists visiting the city all year round.
open viewing every surnday 2 to 4 pm

Premises Details:

The prior tenants were running the property as El Paso Mexican Bar and Restaurant. The business stopped trading as of June 2022 and was running for last 5 years. Prior to this it was running as, The Spice Pavilion Indian Restaurant, for 7 years. The premises can offer 50-60 covers.

In its current format it is strongly felt that the size, scope, and location of the operation would lend itself to a variety of different international cuisines.

Energy Performance Rating:
E

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