Restaurant for sale

China Town, 3 Atholl Place, Edinburgh, Scotland, EH3 8HP

£115,000

Property Description

Commercial information

  • Business for sale

Key features

  • Prominent city centre location
  • 70 cover restaurant
  • 30 covers for private dining
  • Popular area with tourists
  • Steady year round trade
  • Loan available via Christie Finance,subject to status. Energy rating F

Full description

Tenure: Leasehold

Description

This is a fantastic leasehold opportunity for a restaurant business within an affluent area of Edinburgh City. The superbly presented business is well established within the area.

The restaurant would be well suited to a hands on operator that can further develop an already successful business. Currently operating as a Chinese themed restaurant, the property and location would suit a variety of dining styles.

Location

Situated in the affluent West End area of Edinburgh City Centre, China Town is 0.5 miles from Princes Street and a short walk away from Haymarket train station. The restaurant enjoys a prominent roadside location and is located on the new tram line, the closest stop being 100m to the east of the property. The restaurant is situated on Atholl Place attracting business from tourists and office workers in the immediate area with locals residents making up a strong customer base.

Internal Details

An elegant styled restaurant built over two floors. A single door entry leads to the main lobby where the bar is situated. The restaurant is adjacent to this and offers circa 70 covers.

The kitchen is also situated on the ground floor and offers a spacious environment where two chefs can work simultaneously. The business has Class 3 consent and full Premises Licence. The kitchen is presented to a high standard throughout.

Downstairs to the lower ground level benefits from a dining room which can accommodate 30 covers, mainly used for private functions. There is toilet facilities and a large storage room.

Tenure

• New 15 year lease
• The landlord is happy to negotiate the lease terms depending on the tenant's covenant strength.
• An annual rent of £60,000 excl. VAT with 3 year rent reviews.

The Opportunity

China Town is a well known restaurant situated in the West End of Edinburgh popular with tourists and locals. After careful consideration the owner has decided to retire and there is great potential for a hands on operator to take over the business.

The owners have built a great business and have been located at Atholl Place since 2008. The restaurant has always provided a high and consistent level of quality and service to its customers and benefits from its prominent location with good levels of footfall.

Staff

The business is owner operated with two part-time waiters. TUPE regulations will apply to the sale of lease.

Trading Information

Historic trading information will be provided to seriously interested parties once a formal viewing has been organised.

Business Rates

The Rateable Value is £41,200 effective from the 1st April 2017.

Regulatory

The business benefits from a Premises Licence.


More information from this agent

Nearest stations

  • Haymarket (0.2 mi)
  • Edinburgh Waverley (1.0 mi)
  • Edinburgh (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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

  • Haymarket (0.2 mi)
  • Edinburgh Waverley (1.0 mi)
  • Edinburgh (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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.

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