Chance to bite into the capital | Scottish Licensed Trade News

Scottish Licensed Trade News

Chance to bite into the capital

Posted on by in Property

Edinburgh city centre ‘hideaway’ restaurant for sale

• Located 200 yards from George Street, the eatery is described as a “city centre hideaway”.

OPERATORS looking for a restaurant in the capital might be interested in Calistoga, which is on the market via The Restaurant Agency.
Described as “a city centre hideaway”, the eatery is within just 200 yards of Edinburgh’s George Street and Princes Street.

It’s not often a city centre site with a large catering kitchen comes to market.

Over the last three decades, the premises, on Rose Street North Lane, has been home to restaurant businesses, including Martin’s Restaurant, Roti, and, for the last eight years, Calistoga Restaurant.
Spanning the ground and first floor of the property, the venue has capacity for 85 covers split across a main dining area and a wine tasting/additional dining space.

There’s a large commercial kitchen on the first floor.
Alan Goldie, director of The Restaurant Agency, which is marketing the leasehold at offers over £95,000, described the property as “one of Edinburgh’s best kept secrets”.

“Probably summarised as a city centre hideaway but one with a pedigree and a restaurant location better known for three reputable tenants in the last 30 years, formerly Martin’s Restaurant (Martin Irons), Roti (Tony Singh) and for the past eight years the home of Gordon Minnis and Calistoga Restaurant,” he said.

“It is not very often a city centre site with full premises licence, large catering kitchen within a flexible ground and first floor unit comes to market at an affordable price.
“With a passing rent of £25,000 then compared to nearby rents on Rose Street, George Street and Princes Street for similar square footage it sits well on a steady cost base whilst still being very, very central.”

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