Graham + Sibbald are delighted to bring market this fantastic restaurant opportunity at 22 Coates Crescent, Edinburgh, EH3 7AF. The restaurant is located in a prime location in the heart of Edinburgh's West End. Edinburgh is Scotland's Capital City and home of the Scottish Parliament, The Fringe Festival, The National Museum of Scotland and Murrayfield Stadium.
The restaurant itself is fully fitted and ready for operation. Recently, the property has undergone some upgrade, including complete re-wiring of the entire property, new bar area, upgrade of the central heating system, and now presents itself as a modern good-quality fit out. Presently there is a lounge bar, main dining area and an additional dining or private function room at ground floor. At lower ground floor there is a large meeting, or private function room with its own private WCs. The availability of this restaurant presents a wonderful opportunity for a new tenant, operator, to establish their business in Edinburgh's city centre within a fully fitted, good-quality, premises.
( Agency Pilot Software ref: 54077 )
Location
The restaurant is located in a prime location in the heart of Edinburgh’s West End. Edinburgh is Scotland’s Capital City and home of the Scottish Parliament, The Fringe Festival, The National Museum of Scotland and Murrayfield Stadium. The City has a population of circa 515,000 people with the population projected to increase to circa 585,000 by 2030.
Accommodation
Gross Internal Area - 394.7 Sq M (4,249 Sq Ft)
Terms
SERVICES Mains drainage, gas, electricity and water are all connected to the property. The property also has the benefit of an alarm system and CCTV
ENERGY PERFORMANCE CERTIFICATE EPC Rating - TBC The EPC will be available upon request.
RATEABLE VALUE 22 Coates Crescent – Rateable Value - £105,250 (1st April 2023)
TENURE Leasehold
LEASE TERMS A new full repairing and insuring lease is offered to the market seeking a rental of £75,000 per annum. The terms of the lease are open to negotiation. The lease will have a regular Rent Review provision and rent deposit as security. Any new tenant(s) must be demonstrably capable of fulfilling their obligations under the lease agreement and references will be requested without exception.
PREMIUM Offers in the region of £75,000 are invited for the trade fixtures, fittings and equipment. Stock in trade, if any, to be purchased at an additional price at valuation on the date of entry.
EXCLUSIONS Personal effects of the vendors. Standard industry items held under lease or lease purchase agreements.
Specification
- Wonderful Restaurant Opportunity in Edinburgh City Centre - To Let
- Edinburgh City Centre Licensed Restaurant
- Prime West End Location
- New, Modern, Good Quality Internal Fit Out
- Variety of Dining: Coffee Lounge, Meeting and Lunch/Dinner Venue with Conference and Bar Facilities
- New Lease Offered By Private Landlord