Pub for sale13/14 Melville Place, Edinburgh, EH3 7PR
Sold STC 1,765 sq. ft. | £325,000
- 1,765 sq ft (163 sq m)
- Attractive, lower ground floor licensed premises
- Busy West End location
- Currently occupied by way of a lease agreement although vacant possession achievable
- EPC Rating D
- Offers over £325,000
The subjects occupy a busy and attractive position on the Southern side of Melville Place, directly opposite its junction with Randolph Crescent, forming part of Edinburgh's West End. The surrounding area is given over to a variety of retail, commercial and residential usage with nearby occupiers including boombarbers, Matthew Watt hair salon, Flavour Café and the West Room café bar.
The subjects comprise a lower ground floor and basement bar/restaurant which is contained within a mid terraced traditional stone built tenement building contained under a pitched and slated roof which incorporates dormer projections to the front.
A series of stone steps from the pavement line lead to the lower ground floor entrance with the subjects arranged internally to provide an open plan bar/restaurant area together with a kitchen.
Additional staff, storage and support accommodation is provided at basement level.
The principal bar/restaurant area is finished to an attractive standard throughout incorporating various snugs and providing a full bar servery.
According to our measurements taken during our inspection, we calculate the gross internal area of the lower ground floor bar/restaurant to extend to 164 m² (1,765 ft²) approx.
A copy of the license plan showing the layout of the subjects can be provided upon request.
The asking price will include the trade inventory.
From reference to the Scottish Association Assessor's website, (www.saa.gov.uk) the subjects are noted to have a Rateable Value of £31,800.
A copy of the Energy Performance Certificate (EPC) for the subjects can be made available on request or by accessing DM Halls website (www.dmhall.co.uk). The Energy Rating is D.
The subjects are presently let on a five year agreement from 23 April 2012 which provides the tenant with the option to break at any point on providing six months notice. The current passing rental is £25,000 per annum exclusive.
Offers over 325,000 are invited for the purchase of our clients heritable interest in the subjects.
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference 1117. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by DM Hall , Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.