Bar Block, 122-123 Princes Street, Edinburgh, EH2 4AD

POA

Size

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Tenure

Leasehold

EPC

Parking

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Primary use
Restaurant

No floor / site plan

Key features

  • Prime Princes Street City Centre Location
  • Established Steakhouse Restaurant & Bar
  • Exceptional Tourist & Local Footfall
  • Fully Fitted Opportunity / New Lease
  • Stunning Views of Edinburgh Castle
  • EPC Rating C
  • Annual rent: Offers Invited
  • Christie & Co Ref: 5265457

Description

Description

Bar + Block provides a contemporary and well presented trading environment arranged across a series of customer facing bar and dining areas. The accommodation has been fitted to a high corporate standard incorporating modern design elements, feature lighting, quality finishes and a well-equipped commercial kitchen.

* Sale Price is subject to VAT

Location

The property occupies a highly prominent position on Princes Street, Edinburgh's premier retail and leisure destination benefiting from substantial levels of pedestrian traffic throughout the year. Situated within the heart of the city centre, the premises enjoys immediate access to the city's principal transport hubs, tourist attractions and commercial districts.

Located adjacent to a Premier Inn hotel and overlooking Princes Street Gardens and Edinburgh Castle, the property benefits from a strong blend of tourist, corporate, leisure and local trade. Edinburgh welcomes millions of visitors annually and remains one of the UK's leading destinations for tourism, business and major events including the Edinburgh Festival Fringe, Hogmanay and numerous international conferences.

The surrounding area comprises a diverse mix of national retailers, hotels, licensed venues, offices and cultural attractions, providing a consistent and affluent customer base throughout the day and evening trading periods.

Internal Details

The principal customer entrance opens directly into an attractive reception and bar area with seating arranged throughout a variety of dining zones suitable for casual dining, business meetings, family occasions and larger group bookings. The layout benefits from excellent flexibility, allowing operators to accommodate a broad range of customer requirements. The trading area can accommodate c.139 covers.

The restaurant features extensive glazed frontages providing excellent natural light and visibility onto Princes Street while contemporary furniture, booth seating and feature décor create an inviting customer environment.

Ancillary accommodation includes customer WC facilities, staff welfare areas, storage facilities and a fully fitted commercial catering kitchen capable of supporting significant trading volumes.

The property forms part of a substantial city centre hotel and leisure development prominently positioned on Princes Street.

The premises benefits from excellent frontage onto one of Edinburgh's busiest thoroughfares, with significant signage opportunities and outstanding visibility.

Fixtures & Fittings

Fixtures and fittings owned outright and not subject to lease or hire purchase agreements will be included within the sale, subject to inventory.

T&C's Link

Click Here for Terms and Conditions

The Opportunity

The premises are available on a new lease, offering operators the opportunity to secure a substantial fully fitted restaurant and bar within one of Scotland's strongest hospitality markets.

The property is considered suitable for a variety of hospitality concepts, subject to the necessary landlord consents and regulatory approvals. The existing fit-out provides a genuine turnkey opportunity, reducing initial capital expenditure and enabling a rapid commencement of trading.

Further lease information and details of the available accommodation will be provided to seriously interested parties upon request.

Staff

The property is being offered for sale as a going concern and staff are subject to TUPE. Relevant staffing details are available within the data room for review by qualified parties.

Trading Information

Trading information is available exclusively to qualified buyers via a secure data room. Access is subject to the execution of a signed Non-Disclosure Agreement (NDA). For further details, please contact the appointed agent.

Business Rates

Interested parties should make their own enquiries with the local authority regarding the current Rateable Value and rates liability.

Regulatory

Premises Licence

Additional information
Service charge
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Business rates
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Use class
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Listed building
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Business for sale
Yes
Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: B

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Bar Block, 122-123 Princes Street, Edinburgh, EH2 4AD

NEAREST STATIONS

National Rail

Edinburgh Waverley Station

0.35 miles

National Rail

Haymarket Station

1 miles

National Rail

Slateford Station

2.61 miles

About Christie Owen & Davies Ltd, Pubs & Restaurants

Christie Owen & Davies Ltd, Pubs & Restaurants

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

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Disclaimer - Property reference 5265457-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 Owen & Davies Ltd, 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.