Pub/bar for sale in Melville Place, Edinburgh EH3

£35,000 (£35,000/sq. ft)
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Pub/bar for sale

1 sq. ft*

Property description

*Photographs are historic and only to be used as a guide*

High quality bar/restaurant opportunity. Prominent West End location. 10 year lease signed in 2021.Free of trade tie. Premises licence & Class 3 consent. Rent £36,000 per annum. Licensed 7 days per week. Premises are fully licensed from 9 am - 1 am. Huge expansion potential for new owners. Fully renovated in 2022. Business ceased trading in April 2024.

Leasehold Premium £35,000.

These premises are located on Melville Place in the heart of Edinburghs West End, a short stroll from Cairngorm Coffee, West Rooms and underneath Boom Barbers. The subjects occupy the basement of a traditional Edinburgh Victorian tenement property with access by stairs from street level.

Edinburghs West End is still a hive of eclectic bars and restaurant located close to the popular office areas of Melville Place, Atholl Crescent as well as the financial services district. In addition, the West End is also close to Princes Street, Lothian Road and Shandwick Place which has a diverse licensed and leisure offering from breakfast time to late into the small hours of the morning.

The bar is to the centre of the premises with access to the galley kitchen behind. Our clients have spent liberally to create an inviting and well-presented modern bar/ restaurant that would suit a number of different style and cuisines.

The property has a premises licence and Class 3 consent.

The property is available on a leasehold basis. This will be the assignation of the current 10-year lease signed in 2021. The current rent is £36,000. The lease is free of trade tie.

The availability of this bar and restaurant premises on Melville Place provides an excellent opportunity for a motivated purchaser to acquire a high profile bar and restaurant located in the heart of Edinburghs West End.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Cornerstone Business Agents, EH26 on +44 131 268 8358 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cornerstone Business Agents, and do not constitute property particulars. Please contact Cornerstone Business Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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