Restaurant for sale

13/14 Dalziel Place - EH7

£49,000

Property Description

Commercial information

  • Business for sale

Key features

  • Seating for 80 covers
  • Leasehold
  • Take Away
  • Family Run

Full description

Tenure: Leasehold

Description
Xanadu Chinese Restaurant is an extremely busy business which has been run by the current proprietor since 2005. The business has built up a fantastic reputation. Although the business is trading extremely successfully, there is still opportunity to expand the business. The business is being sold due to the current vendors wish to retire.

The business trades seven days per week open from 1700-2300.

Xanadu offers an excellent selection of Cantonese cuisine and proves very popular with the local Chinese community.

The business trades with the benefit of a full restaurant licence and offers a large range of beers wines and spirits.


Situation
Edinburgh is the capital city of Scotland, situated on the southern shore of the Firth of Forth.
Xanadu sits conveniently on Dalziel Place in the city and benefits from being surrounded by residential, Licenced and business premises.


Building External
The property is a corner positioned lock-up unit. The front is straight to street with a full glass frontage. The entrance is from the front which in turn leads into the main restaurant. On entering the bar is located to the left. To the right you will find the dining area. The dining area is well furnished with wooden tables and chairs and provides seating for up to 80 guests.
To the rear of the restaurant you will find a store room , fully fitted kitchen and food preparation area. In the restaurant there is One stainless steel stand-up fridge, 3 chest freezers, 3 fold-able round tables.

Ladies and Gents facilities are located to the rear of the restaurant.


Building External
The front of the property is straight to street with ample on street parking surrounding the property.

Services
We have been advised that all mains services are fitted.


Tenure
The property is held on the Scottish equivalent of leasehold. The lease is a 20 year FRI lease which started in 2005. We have been advised that the landlord with grant the new tenant a minimum 20 year lease from date of entry. The annual rental is currently £28000.


Trading Figures
Full trading Figures will be made available after a formal viewing has taken place


Summary
The sale of Xanadu Restaurant offers a great opportunity to purchase a long established and well performing business. Viewing is highly recommended.


Price
Offers in the region of £45,000 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease, this will be available to all parties wishing to offer.


Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Call to action
All offers couched in Scottish Legal Terms should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 477 6060.


Nearest stations

  • Edinburgh (1.1 mi)
  • Edinburgh Waverley (1.1 mi)
  • Haymarket (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Edinburgh (1.1 mi)
  • Edinburgh Waverley (1.1 mi)
  • Haymarket (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 42126. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Bruce & Co. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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