Bodega Restaurant (ref 1422)

Leith Walk, Edinburgh

Business location

Overview

  • Price: 95000
  • Tenure: Leasehold
  • Business type: Restaurant


The restaurant occupies a prominent trading location on Albert Place which forms part of the famous thoroughfare of Leith Walk which links the shore at Leith with Edinburgh city centre. The business is less than one mile from the city centre, situated close to the Pilrig junction which previously was the location of the boundary between Leith and Edinburgh. For decades Leith Walk has been one of the most important arterial routes in and out of the city centre and historically was the gateway to Edinburgh city centre, nowadays Leith Walk is a vibrant and eclectic mix of bars, restaurants, coffee shops and retail businesses as well as also being a hub for student accommodation. The area is situated close to the east end of the city centre which has undergone huge transformation with the construction of the St. James Quarter. Additionally, the tram extension from York Place is well underway and will operate the length of Leith Walk to Newhaven directly in front of the property. 




Currently trading as Bodega, a highly regarded taqueria, well known in the area as a trendy and contemporary eatery specialising in street style tacos along with tequila and margaritas. The current owner will be relocating his brand so a new owner will need to rename the restaurant and has a free hand in terms of the cuisine and trading style that they would like to offer. 




The current owner trades just 6 days a week from 5.00pm – 10.00pm – huge scope to expand on these hours to suit. 




A guide price of £95,000 is sought for the leasehold interest in the property and all fixtures & fittings pertaining thereto. 




There is c.17 years remaining on the current lease, annual rent is £35,000 per annum. 


Council tax band: X, Tenure: Leasehold,