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Leasehold Bar, Central Edinburgh (ref.1188) For Sale

Edinburgh, Edinburgh City
Asking Price:
£28,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Excellent licensed trade opportunity in fantastic yet discreet trading location. Well known Bar in busy licensed circuit close to New St. James’ Development and the eclectic Broughton Street area. Public House accommodation over ground & first floor levels. Extensive beer garden to the rear. A superb free of tie opportunity.

The Outhouse Bar occupies a well known yet discreet trading location on Broughton Street Lane, just off Broughton Street itself. The Outhouse occupies a terraced property on the lane with main accommodation on ground and first floor levels.

Internal details briefly comprise an open plan spacious ground floor bar, which can cater for around 80 covers, with bar and service areas to the immediate left hand side. A set of stairs then leads to the first floor mezzanine level with its own separate bar. This area is used for a wide variety of different uses including functions, private parties etc.

One of the most attractive aspects of this business is the large beer garden which accompanies the premises. This is a large outside space licensed for 60. This is one of the most spacious and largest beer gardens in central Edinburgh.

The availability of The Outhouse in Broughton Street Lane is an excellent opportunity to acquire a well known business offered for sale with huge scope for improvement on turnover and profitability.

Property information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

The business is offered for sale on a leasehold basis. At present our clients operate the business on a rolling one year lease and dependant on covenant we are advised that this is extendable via the landlord. We are advised by the landlords that the terminal date of the lease is likely to be 2021/2022.

Current rent is £24,000 per annum.

Leasehold Rent:

£24,000 per annum

Location:

The Outhouse Bar occupies a well known yet discreet trading location on Broughton Street Lane, just off Broughton Street itself.

Broughton Street is a vibrant and eclectic area close to Leith Walk and the new St. James’ Development that has always attracted high quality bars, bistros, restaurants, coffee shops and takeaways. The Broughton Street area is close to the top of Leith Walk, the Omni Centre, The Edinburgh Playhouse as well as the tram terminus at York Place.

On completion of the St. James’ Development in 2021 this area will again open itself up to the proximity of world-class shopping and leisure right on its doorstep.

The lane is accessed at the top of Leith Walk, close to York Place and Picardy Place, approximately 50 metres from Broughton Street.

Premises Details:

The Outhouse occupies a terraced property on the lane with main accommodation on ground and first floor levels.

Internal details briefly comprise an open plan spacious ground floor bar, which can cater for around 80 covers, with bar and service areas to the immediate left hand side.

Ladies & gents toilets and the kitchen area are also on the ground floor.

The ground floor bar has comfortable seating, tables and chairs.

A set of stairs then leads to the first floor mezzanine level with its own separate bar. This area is used for a wide variety of different uses including functions, private parties etc.

Business Operation

Reasons for selling:

Other business interests.

Contact Information

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  2. Country

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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