Price reduced Leasehold premises - business for sale
These restaurant premises occupy a prominent trading location towards the western end of Morrison Street, close to Haymarket Station in Edinburgh.
Our clients have operated from these premises for approximately 2 years, firstly as a Japanese restaurant and latterly as a tea bar/Chinese restaurant. They have reluctantly ceased trading to concentrate on other business interests.
The premises are fitted out to the highest standard throughout and would be suitable for a number of different opportunities, most likely best suited to a fully operational licensed restaurant.
Leasehold. The business is held on a Fri lease which runs until 27th March 2027 with a review in 2023. Annual rent payable is currently £12,000 + VAT per annum, rising to £13,000 + VAT in March 2020 to March 2023.
Note: Internal size has been estimated. Interested parties will require to satisfy themselves as to the actual square footage of the premises.
Property descriptions and related information displayed on this page are marketing materials provided by Cornerstone Business Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Cornerstone Business Agents for full details and further information.
Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
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