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Restaurant/Bar Opportunity In Midlothian Town Of Loanhead For Lease

Loanhead, Midlothian, UK
Asking Price:
£15,000
Turnover:
Not applicable
Net Profit:
Not applicable

Well presented restaurant/bar opportunity. New FRI free of tie lease available. Highly visible trading location. Ideal for hands on couple/partnership. Fully fitted with good fixtures and fittings. Suitable for a variety of cuisine styles.

This bar/restaurant occupies a highly visible trading location in the Midlothian town of Loanhead. Sitting on the corner of Fountain Place and Edgefield Road, it is on a busy main street leading into the centre of the town. Loanhead lies close to the Edinburgh city by-pass and approximately 5 miles from Edinburgh city centre, it is also situated close to the towns of Bonnyrigg, Dalkeith, Penicuik and Lasswade. The business is also in close proximity to expanding Straiton Retail Park as well as offering easy access onto the city by-pass and other routes.

Loanhead and the surrounding area continues to benefit from increased house building as Edinburgh and its nearby towns continue to expand.

An excellent opportunity exists for an enthusiastic operator to acquire a well established restaurant/bar offered in turn-key condition. The opportunity is offered free of any trade tie.

The property is offered on a new FRI lease, the length of which is negotiable. A rental of £20,000 is sought per annum.

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

The property is offered on a new FRI lease, the length of which is negotiable.
A rental of £20,000 is sought per annum.
Any new tenant(s) must be demonstrably capable of fulfilling their obligations under the lease agreement and references will be requested without exception. A rental deposit of 3 months is required.

Leasehold Rent:

£20,000 per annum

Location:

This bar/restaurant occupies a highly visible trading location in the Midlothian town of Loanhead. Sitting on the corner of Fountain Place and Edgefield Road, it is on a busy main street leading into the centre of the town.

Premises Details:

The property occupies the ground floor and basement of a Victorian style stone built property. Main entry is via street level leading into trading area. There are 2 entrances to the property, 1 on the corner and 1 slightly further down Fountain Place.

Ground Floor: 2 separate trading areas, main area has traditional bar and seating for c.32 covers, secondary area has further seating for c.30 covers.

Basement: Beer cellar and storage.

Ancillary areas: Well kitted out commercial kitchen, ladies, gents and disabled WC. Office and storage areas.

Other Information

Related Documents:
Business closed / Asset sale:
Yes

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