This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Restaurant for sale

366 Morningside Road - EH10

£19,995

Property Description

Commercial information

  • Business for sale

Key features

  • Main Road Location
  • Fully Fitted, Well Presented
  • Sit In Area
  • Early Viewing Advised

Full description

Tenure: Leasehold

Description
Bruce and Co. are delighted to offer to the market this well-appointed takeaway shop which was purchased by our clients over 2 years ago. Our clients are reluctantly offering the business to the market due to other business commitments. During their tenure they have established a great reputation for its wide selection of quality food and drinks, whilst also offering traditional South African cuisine. The business has great support from local residents, with many students also buying their lunch & breakfast here on a regular basis. Any new buyers will certainly be purchasing a successful set-up in a great area, with low overheads also adding to the appeal of this sale. The business also trades with the benefit of a full class 3 consent cooking license.

Situation
The Zulu Lounge is situated in Edinburgh’s affluent Morningside area on the main thoroughfare. The area is a popular place for both students and shoppers, due to its large university campus and wide selection of small businesses. There is also a strong residential presence with many of Edinburgh’s most prestigious and expensive addresses in this area. Edinburgh’s City Centre is only a 20 minute stroll from the business, with links to the Edinburgh city bypass and M8 motorway only a 15 minute drive away.

Building Internal
The property itself is of standard stone construction and is arranged over a ground floor and basement level. There is a single door, recessed entry with single window frontage. The current owners have made excellent use of the space in these business premises. Upon entry clear modern signage greets detailing selected details of the products on offer. There are 8 bar stools around the window and side wall with the servery towards the back of the property - here is where all hot food is served and paid for. A hatch in the floor behind the servery takes you down via a set of steps to the basement level. The business benefits from a small office and staff W/C facilities located on the basement level.

Trading Hours
We have been advised that the current lease has 3 years left with annual rental of £11,880 PA. We have been advised that an extension to the lease is available.

Building External
The property occupies an excellent trading position. The front of the property looks straight to street and there is ample on street parking.

Services
The property has mains water, drainage and electricity.

Trading Figures
Accounts available after formal viewing has taken place.

Summary
This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this caliber is rarely stay on the market for long.

Price
Offers over £20,000 - leasehold. Stock in trade will be additional at valuation.

Tenure
We have been advised that the current lease has 3 years left with annual rental of £11,880 PA. We have been advised that an extension to the lease is available.

Viewings
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.

Offers
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 314 0660.


Map & Street View

Disclaimer - Property reference 44092. 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.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.