Pub/bar for sale in Edinburgh, Edinburgh EH6

£50,000
Pub/bar for sale
Interested in this property? Call +44 131 268 9615 * or Request Details

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Property features

  • This public house has been trading over 50 years
  • Live music venue in basement can hold up to 80 people
  • Corner location with two entrances
  • New tram line being built that will bring more tourists

Property description

Reference - 47690

Description
Situated at the bottom of the famous Leith Walk, which is a busy area for locals and tourists for restaurants, bars, live bands and theatre shows such as the Lion King.

Inside you will find a very rustic feel with timber tables and chairs seating up to 50 people, serving bar food and a range of beers and spirits.

The function room in the basement can hold up to 80 people and have live bands most nights and private functions.

Turning over £7k per week without any serious advertising, and being closed in the afternoon, the potential could be great.

This is a great opportunity to add to a portfolio or great first public house for someone with a passion for music and live sessions

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Friday 16:00 – 01:00 (winter) 12;00-01;00 (summer) Saturday 12:00 – 01:00 Sunday 12:00 – 01:00

Staff
Managed by the owners with full/part time staff.

Building External
This building is in good condition outside

Building Internal
The table and chairs are rustic wood effect with a musical theme with posters and pictures.

Residential Accommodation
There is no residential accommodation for owners/management available.

Tenure
The vendors own the property and will grant a new Fri lease (subject to contract) for a period of 10 years at an initial rent of £3k per month exclusive of rates. Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is a great opportunity given the busy location, the building being so flexible with the function room below and having the already fantastic turnover.

Viewings are recommended to avoid disappointment.

Arrange Viewing

For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company 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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