Superb City Centre Bar, Edinburgh (ref.527)

Price:

Leasehold - £140,000

Seller Ref:

527

Location:

Scotland, East End, Edinburgh

Business Type:

Pubs

See Other:

Public houses for sale in Scotland
Bars for sale in Scotland
Pubs for sale in Scotland
Pubs for sale in Scotland

Description:

THE BUSINESS:

A superb City centre bar in great trading location. Outstanding main bar with excellent self-contained function suite at basement level. Trading very successfully. Punch Lease.

The Phoenix Bar is one of Edinburgh’s most popular and well known city centre venues. Situated on the ever-popular Broughton Street in the east end of the city centre the bar is close to a wide variety of residential properties as well as businesses and entertainment centres such as the Playhouse Theatre and the Omni Centre.

The Phoenix Bar has been in the current proprietors’ hands since 1984 and enjoys a strong custom base both from regulars and other visitors to Edinburgh’s city centre.

If this business is of interest to you, please request full Sales Particulars or alternatively contact Derek Burgoyne at Cornerstone Business Agents on 0845 123 6970 or by email derek@cornerstoneba.com.

Location Details:

The Phoenix is an extremely well known bar situated in one of Edinburgh city centre’s most popular streets. Broughton Street is situated at the east end of the city centre and is an extremely busy thoroughfare. The area surrounding the Phoenix is taken up by large numbers of tenement flats as well as shops and offices situated in Edinburgh’s stylish New Town area. The Broughton Street area is known for its various bars and restaurants as well as major entertainment venues which include the nearby Omni Centre which houses a major cinema complex, nightclub and various restaurants and the Playhouse Theatre, Edinburgh’s largest theatre venue.

Lease Terms:

We are informed the business is held on a lease and that the landlords are Punch Taverns. The lease commenced in 2003 for 25 years and the current rent is £52,000 per annum. The lease is on a full repairing and insuring basis and there are trade ties. We are informed that new owners of the business will be expected to post a deposit equivalent to 3 months rent with Punch Taverns.

Trading Hours:

Opening hours are 9am-1am Monday to Saturday and from 12.30pm to 1am on Sundays.