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UNDER OFFER

30a Chambers Street, 30a Chambers Street, Edinburgh, Scotland, EH1 1HU

£100,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Bar / nightclub for sale

Key features

  • Prime City Centre Location
  • High Footfall Area / 580 Capacity Venue
  • Former Revolution Late Night Bar
  • Fully Fitted Commercial Kitchen
  • Long Leasehold Opportunity
  • Annual Rent £195,000 - EPC Rating D
  • Christie & Co Ref: 5255014

Description

Description

The property was previously occupied by Revolution Bars and comprises the ground floor, lower ground and sub-basement parts of an attractive four-storey late 19th Century sandstone building.

The accommodation is arranged as a recently refurbished contemporary bar, restaurant and dance floor. The light-filled lower ground incorporates an impressive vaulted glass ceiling.

The upper parts of the building (private residential flats) are not included in the leasehold sale interest and fall under a separate title.

The property is listed category B and sits within the Old Town Conservation Area which is also part of a World Heritage Site.

Location

The property is located in the heart of Edinburgh’s Old Town, which is in the southern section of the city centre, immediately to the south of Edinburgh’s famous Royal Mile (the stretch of Lawnmarket, High Street and Canongate that connect the Castle with Holyrood). This area of the city is characterised by university and cultural buildings.

Edinburgh University and Edinburgh College of Art are located here, as well as major tourist sites which include the National Museum of Scotland, Edinburgh Festival Theatre and the Talbot Rice Gallery. This is also Edinburgh’s main night life and restaurant quarter. The famous Grassmarket is here with its many pubs and bars and the streets of Old Town are home to a host of Edinburgh’s best known eateries, pubs & bars.

The subject property is strategically located at the eastern end of Chambers Street very close to its junction with George IV Bridge and adjacent to Nandos. It faces the National Museum across to one of the University’s main campus buildings. The renowned Greyfriars Bobby memorial and bar is diagonally opposite. Many well known bars, hotels and venues are very nearby including the Hotel du Vin and Bistro du Vin, G&V Royal Mile Hotel, The Jazz Bar & Greyfriars Bobby’s Bar.

Internal Details

An attractive Grade B Listed property providing 12,644sq.ft (1,174sq.m) of quality restaurant and bar space.

The property comprises three separate bars and a dance floor, creating a venue with a capacity for c.600 people.

Fully fitted commercial kitchen with dumb waiters.

Ladies, gents and disabled toilets on both floors.

Internal lift with access to all floors.

Fixtures & Fittings

The property will come with limited fixtures and fittings, any rented or leased equipment will be removed.

The Opportunity

We are looking to secure an new tenant and strong covenant for our client, the property is being marketed with vacant possession with some elements of fixtures and fittings being made available.

The property is currently vacant and a rare opportunity for an experienced operator or an addition to a current multi site operator to acquire a prime location in Edinburgh City Centre.

Trading Hours

Current licensed hours as per premises licence:

On Sales:
Monday to Saturday
11:30am to 1:00am

Sunday
12:30pm to 1:00am

Off Sales:
Monday to Saturday
11:30am to 10:00pm

Sunday
12:30pm to 10:00pm

Tenure

Long term FRI Lease - minimum 10 years.

Business Rates

The Rateable Value is £100,500 as of 1 April 2023. Confirmation of actual business rates payable should be obtained from the Local Authority.

Regulatory

Premises Licence

Energy Performance Certificates

EPC 1

Brochures

30a Chambers Street, 30a Chambers Street, Edinburgh, Scotland, EH1 1HU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Edinburgh Waverley Station0.3 miles
  • Haymarket Station1.1 miles
  • Slateford Station2.5 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5255014-lh. 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 Christie & Co, Pubs & Restaurants. 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.

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