Restaurant for sale

36 And 38 William Street - EH3

£345,000

Property Description

Commercial information

  • Business for sale

Key features

  • Seating for 60+ covers
  • Successful, long-established business in a desirable location
  • Owned and run by the same family since 1979

Full description

Tenure: Freehold

Description
Lunetown Restaurant is an extremely popular and thriving business which has been run by the current proprietor and his family since 1979. The business has built up a great reputation over the years and, while the business continues to trade successfully, there is still a great opportunity for expansion and growth. The business is being sold due to the current vendors wish to retire.

Situation
The West End of Edinburgh, Scotland, forms a large part of the city centre. The northern half of West End lies in Edinburgh's World Heritage Site.
Lunetown sits conveniently on William Street in the West End Village of the city. The property is surrounded by residential and commercial properties.


Building internal
The property is a traditional Georgian end-terrace over two levels with the front straight to the main street.

The restaurant is set over the two levels with the main dining area on the ground floor. The basement level includes additional seating for 30+ guests with an area for functions and private parties.

The fully-fitted commercial kitchen is situated on the basement level and serves the upper floor via a dumb waiter.

The Lunetown is traditionally decorated and comes fully furnished with wooden tables and a mix of upholstered chairs and booths.

Lunetown trades throughout the year and offers traditional Cantonese food. It has built up an excellent reputation over the years and is very popular in the locale, with many city residents and business people dining in the restaurant.

Trading Hours
12:00 - 15:00 for Lunch.
17:00 - 00:00 for Dinner.

Building External
The front of the property is straight to street, there is ample on street parking.

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


Tenure
The property is held on the Scottish equivalent of freehold

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


Summary
The sale of Lunetown Restaurant offers an excellent opportunity to purchase a long-established and well-performing business that is located in one of Edinburgh's most sought after locales. Viewing is highly recommended.

Price
Offers over £345,000 are sought for the freehold, 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

  • Haymarket (0.3 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:

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

  • Haymarket (0.3 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:

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 42623. 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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