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Pub for sale

13/14 Melville Place, Edinburgh, EH3 7PR

Sold STC 1,765 sq. ft. | £325,000

Property Description

Commercial information

  • 1,765 sq ft (163 sq m)

Key features

  • 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

Full description

Tenure: Freehold

LOCATION:
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.

DESCRIPTION:
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.

FLOOR AREAS:
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.

FLOOR PLANS:
A copy of the license plan showing the layout of the subjects can be provided upon request.

TRADE INVENTORY:
The asking price will include the trade inventory.

RATING ASSESSMENT:
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.

EPC:
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.

TENANCY DETAILS:
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.

PRICE:
Offers over 325,000 are invited for the purchase of our clients heritable interest in the subjects.


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