Former police box turned profitable cafe on Royal Mile up for sale at a hefty price
A cafe running from a former police booth in the city centre is on the market.
Advertisement
Hide AdAdvertisement
Hide AdThe tiny blue box, named Cannongate Cafe, on the Royal Mile is priced at a staggering £25,000.
Often mistaken for Doctor Who's Tardis, the business is a hit with tourists and before the coronavirus pandemic it was making an annual profit of £100,000.
Serving hot drinks, bakery goods, cold beverages and being located close to Waverley train station, the venue is a hotspot for residents and visitors to the city.
It also stands next to the new HMRC office which will be opening this summer, with 3,000 civil servants, providing an excellent opportunity for post Covid-19 start up due to an increase in potential customers and a rise in domestic tourism post-lockdown.
After running the cafe for four years, the client’s family has decided to move to the Highlands hence why the property is up for sale.
The business has the lease till December 2026 (with a rent review in Dec 2021) which can possibly be extended.