The lease of a 250 cover restaurant in Falkirk town centre, which closed in January this year due to the ill health of the tenant, is being offered to the market.
Situated within the Stirlingshire town’s main bar and restaurant circuit, the business traded as “La Banca” a tapas/Spanish themed restaurant from 2008, originally by DM Hall’s client and, from 2013, by a tenant. It has traded, historically at an annual turnover in excess of £1m, though due to the tenants health its most recent annual turnover is understood to have been around £650,000.
Suzanne Lawrie of DM Hall’s Edinburgh commercial department who is overseeing the marketing, said: “This is an excellent opportunity for a hospitality entrepreneur to breathe new life into what could readily be, once again, a highly successful local casual dining outlet.
“All the pieces are in place – from a rooftop terrace, to its licence for pavement dining: we think there will be significant interest in this exceptional opportunity.”
“Our client is seeking to offer an assignation of the current lease which runs until 17 April 2023 at an annual rental of £65,000.”
The extensive property is located within a large sandstone built period property which has been extended to the rear to provide the current accommodation. The bar/ restaurant is situated to the front with a private dining room and kitchen located to the rear. A visual tour of the property can be accessed via the link, http://www.betterreach.biz/blog/post/a-flavour-of-spain-in-scotland
Ms.Lawrie said: “Our client would also be willing to discuss alternative terms with a view to agreeing a new lease agreement.”
Anyone seeking more information should contact Suzanne on 0131 466 6000 or by email at firstname.lastname@example.org