A well-presented free of tie Bar/ Restaurant in Edinburgh’s West End (ref 1655)
A well-presented free of tie Bar/ Restaurant in Edinburgh’s West End (ref 1655)
Overview
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 Edinburgh’s 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.
Edinburgh’s 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 Edinburgh’s West End.
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