Five Guys will pay £200,000 a year to lease its first city centre site in Edinburgh after as it continues to ramp up its presence in the UK.
The deal was brokered by Savills on behalf of a private landlord and will see the US burger chain move into the Frederick Street property. The chain’s only other restaurant in Edinburgh is at the Fort Kinnaird out-of-town retail park.
Five Guys has agreed to a 20-year lease on the 6,758 sq ft (628 sq m) unit, which is arranged over basement, ground and two upper floors.
Edinburgh continues to attract national food and drink operators who want a slice of the city’s successful tourist industry and leisure scene and this agreement secures a prime location for the first Five Guys restaurant in the city centre.
Callum Mortimer, director in the retail team at CBRE, which advised Five Guys, said: “Five Guys’ endlessly customisable burgers and dedication to freshness and quality have seen the brand move from strength to strength in the UK.
“Having also concluded deals with Five Guys in Aberdeen and Dundee city centre recently we were delighted to help secure such a prominent Edinburgh city centre location. It had been a long standing requirement, and this new acquisition further enhances the brands’ representation across the country.”