Monty’s Bar comprises a ground floor and basement traditional licenced premises contained within an impressive category C listed 2 storey and attic stone, 4 bay symmetrical tenement block held under a pitched and slated roof. The principal accommodation is laid out over the ground floor and mezzanine levels with WC facilities and cellarage at lower ground level. The former kitchen has been removed but the ventilation remains in situ and could therefore be reinstated. There is also an enclosed external seating area for approx. 20 covers to the north elevation.
Internally the property benefits from a contemporary fit out with main public bar with a mixed ornate tiled and traditional wooden flooring throughout. There is a generous sized mezzanine with additional seating overlooking the main bar. We have estimated the property caters for approx. 40 covers indoors with a further 20 outdoors with a total capacity according to the premises licence of 87. The property is suitable for immediate occupation requiring minimal capital expenditure.
Location
The subjects are located in Edinburgh’s prestigious West End on the west side of Morrison Street, close to the junctions of Torphichen Place and Morrison Link a short distance south east of The Haymarket Train Station and The Haymarket Edinburgh (THE). THE is a significant mixed use development to comprise over 300,000 sqft of office accommodation, 190 bedroom hotel, a 163 a key apart-hotel and 49,000 sqft of versatile retail space.
Morrison Street is an important link between the Haymarket Train Station and The Capitals Financial District benefitting from high levels of pedestrian footfall and passing traffic.
Nearby Occupiers are predominantly local together with a 282 bedroom Premier Inn Hotel.
Accommodation
FLOOR AREAS / FLOOR PLANS - A copy of the licenced plan showing the layout of the subjects can be provided on request.
Terms
TRADE INVENTORY - The asking price includes the trade inventory
RATING ASSESSMENT - Reference to the Assessor’s website has shown that the subjects are entered in the current Valuation Roll at Rateable Value £XXX
ENERGY PERFORMANCE CERTIFICATE (EPC) - A copy of the Energy Performance Certificate is available upon request, or by accessing DM Hall’s website. (www.dmhall.co.uk). The Energy Rating is G
TENANCY DETAILS - While the property is tenanted at the moment vacant possession can be obtained.
PRICE - Offers Over £XXX are invited for the purchase of our client’s heritable interest with the benefit of vacant possession.
VAT - Our clients have elected to waive exemption to VAT accordingly VAT will be paid on the purchase price. It may be possible for a transaction to be completed by way of a TOGC, however, interested parties will require to seek their own financial advice in this regard.
LEGAL COSTS - Each party will be responsible for their own legal costs incurred in the transaction.
DATE OF ENTRY - By mutual agreement, however immediate entry following conclusions of missives is available.
OFFERS - All offers should be submitted in Scottish legal form to DM Hall.
Specification
- An established well presented licenced premises
- On main arterial thoroughfare
- Close to The Haymarket Development (THE)/Haymarket Train Station and Financial Districts
- Available to purchase with the benefit of vacant possession.
- Offers over £XXX Invited