Restaurant for sale

Cafe De La Poste, 41 South Clerk Street, Edinburgh, Scotland, EH8 9NZ

Under Offer £125,000

Property Description

Commercial information

  • Business for sale

Key features

  • City centre location
  • High footfall area
  • Licensed premises
  • Restaurant (60)
  • Recently refurbished
  • Energy rating F

Full description

Tenure: Leasehold

Description

A great opportunity for a licensed business situated in Edinburgh City centre. The premises would suit a variety of concepts and there is certainly scope to further develop business due to the heavy footfall that the area attracts.

The restaurant was formally operated as Newington Post Office before undergoing extensive refurbishment to become Café De La Poste

Location

Situated in Edinburgh City Centre, Café de la Poste is a short walk from the Royal Mile in Edinburgh's busy Old Town and attracts business from locals and tourists as well as professionals working in the nearby area. The restaurant is located on South Clerk Street which benefits from high levels of footfall throughout the year. The area is home to a popular leisure circuit and some of the best contemporary independent retailers in the capital.

Internal Details

Entry to the property is through a double recessed door which leads to the principal dining area. A substantial bar servery is provided to the left side of the room with the kitchen located to the rear of the main restaurant.

A large selection of fixed and moveable furniture is provided and the space can cater for over 60 covers, the dining area is separated from the main bar by timber panelled and glazed partitions. An accessible toilet is located on the ground floor with male and female toilets situated at basement level.

The main staircase leads to the basement area which includes a supplementary private dining area for 15 covers , a beer cellar, office and spacious storage facilities.

Fixtures & Fittings

All fixtures and fittings are included in the sale of the leasehold interest.

Tenure

The property is owned by a private landlord and currently occupied and operated by an independent tenant with 17 years left of a 20 year lease agreement. The passing rent is £20,000 per annum, with 5 yearly rent reviews. The commercial lease is held on standard FRI terms. We would confirm we are seeking an assignation of the existing lease agreement.

The Opportunity

This is an excellent opportunity for an operator looking to take advantage of a fully fitted restaurant in a prime city centre location with high levels of footfall. The restaurant was operated as Newington Post Office before undergoing extensive redevelopment and refurbishment to become Café De La Poste.

The property would be ideally suited to an experienced restaurant operator looking to take on a well-located stand alone property or expand an existing portfolio within an area that is popular with tourists, students and professionals.

The business currently trades Tuesday to Sunday for lunch and dinner and an assignation would provide a great opportunity for a new operator to extend opening hours and improve upon current trading levels by offering an alternative dining concept.

Trading Hours

Currently the business operates between the hours of 9:30am and 10pm, Tuesday to Sunday.

Business Rates

The Rateable Value (2017) is £30,400.

Regulatory

A full premises licence is in place.


More information from this agent

Nearest stations

  • Edinburgh (0.9 mi)
  • Edinburgh Waverley (0.9 mi)
  • Haymarket (1.5 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

  • Edinburgh (0.9 mi)
  • Edinburgh Waverley (0.9 mi)
  • Haymarket (1.5 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.

Disclaimer - Property reference 5265389-lh. 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 Christie & Co , Edinburgh. 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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