East Finch Restaurant + Bar

Property Description

Summary

An opportunity to acquire a fully licensed restaurant within one of Edinburghs prime eating, drinking and leisure circuits. Positioned within Edinburgh's famed Golden Rectangle with a prominent raised frontage and situated directly above the famed Bar Napoli, one of Edinburgh's longest serving restaurants.

Description

Accessed via an outer wooden storm door into a contemporary space fully refurbished within the last 2 years with inner glazed door access into a trading area opening out to just over 100 sq m (1,100 sq ft) including the kitchen area to the rear.  Immaculate interior bar and restaurant with booths, bar and free seating areas.

To the rear of the main trading area is a staff/kitchen pass a well equipped kitchen with extraction and walk-in chill.

Tenure

Leasehold. We understand the business is held on the residue of a 25 year lease from 2000.  We are led to believe the landlord is open to extending the existing lease or considering a new lease arrangement.  The passing rent is £35,000 per annum.

Rateable Value

We are advised by the Lothina Valuation Joint Baord and Scottish Assessors that the Rateable Value for the premises as at 1 April 2023 is £39,200.  As a new tenant then any new operator has the right to appeal rates within 6 months of taking entry.

Guide Price

Our client is willing to consider premium offers in excess of £45,000

Sales Brochure attached  but for viewing arrangementsmeantime contact Alan Goldie on 0131 441 2663 or 07850 161373 or email details@therestaurantagency.com.  All viewings are strictly by appointment and with a representative of The Restaurant Agency Ltd at pre-arranged times.