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Restaurant/cafe for sale

£40,000 (£35.4/sq. ft) Offers in region of

Hanover Street, Edinburgh EH2

1,130 sq. ft*
Interested in this property? Call +44 131 268 8358 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

La Lanterna restaurant in Hanover Street occupies a highly prominent trading location in the heart of what has become known as Edinburghs “golden rectangle”. The “golden rectangle” represents a central location between St. Andrew Square and Charlotte Square incorporating all the streets and locations within.

It is expected that prospective tenants will want to undergo internal refurbishment and renovation.

Internally the property comprises restaurant area for 60 covers, ladies & gents toilets, bar servery area, commercial kitchen with full extraction, preparation kitchen and store.

To the front of the property there is valuable lockable external stores and cellars which go under the pavement in Hanover Street.

Our clients have previously leased the business for the last 4 years and have no access to the previous tenant;s trading accounts.

However, it should be noted that when our client was running the business on a “hands on” basis, the business generated a net turnover in excess of £500,000 per annum.

Property info

What Zoopla users think of New Town

Overall rating:

  • currently 4.5 stars
Very good - 88%

Ratings breakdown:

  • currently stars
Community & safety
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Entertainment & nightlife
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Parks & recreation
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Restaurants & shopping
  • currently stars
Schools & public services
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  • currently stars
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Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
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  • 1
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  • 5
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  • currently stars
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Nearby transport

  • Edinburgh (0.4 miles)
  • Haymarket (1.0 mile)
  • Slateford (2.6 miles)
  • Edinburgh Airport (6.5 miles)
  • Glasgow Airport (48.2 miles)
  • Glasgow Prestwick Airport (62.2 miles)
  • Leith Newhaven Harbour Ferry Landing (1.9 miles)
  • Inchcolm Island Ferry Landing (6.7 miles)
  • South Queensferry Ferry Landing (7.8 miles)

Nearby schools

View all schools in Edinburgh
  • George Heriot's Junior School (0.6 miles)
  • Leith Walk Primary School (0.8 miles)
  • Royal Mile Primary School (0.8 miles)
  • Basil Paterson Middle School (0.3 miles)
  • Basil Paterson Tutorial College (0.3 miles)
  • Drummond Comm High School (0.5 miles)
  • The Edinburgh Academy (0.5 miles)
  • George Heriot's School (0.6 miles)
  • St Mary's Music School (1.0 mile)
Note: Distances are straight line measurements

Local info for Edinburgh

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Cornerstone Business Agents, EH26 on +44 131 268 8358 * (local rate)

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Disclaimer

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 Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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