23B Shandwick Place, Edinburgh, EH2 4RG

For sale £500,000 177 people
2 months ago. Ryden
Full address
23B Shandwick Place, Edinburgh, EH2 4RG - Edinburgh
Contact details
Asking price
£500,000
Property type
Leisure property for sale
Features
Open plan, Refurbished, Restaurant, Storage, Telephone system, Train transport, Transport
Size
177 people
Tenure
Freehold
NIY (%)
6.71

The subjects comprise a lower ground floor licensed premises within a Category B Listed Building. Specifically the premises are located at 23b Shandwick Place accessed from a main street entrance directly between the two retail units occupied by Optical Express and Coral.
Internally, the street level entrance leads down to a well configured open plan entrance/gaming space leading and on to a prominent corner bar area. Adjacent to the bar is a dance floor and DJ booth surrounded by seating. The premises benefits from male and female WC facilities as well as ancillary storage. The property was substantially upgraded by the tenant in 2015 and has a capacity of approximately 177 people.
CITY CENTRE BAR & NIGHT CLUB INVESTMENT PRIME CITY CENTRE LEISURE DESTINATION POPULAR LOCAL OPERATOR LET TO POLMEX EDINBURGH LTD TRADING AS PLEASE DON’T TELL (P.D.T.) RECENTLY REFURBISHED RETRO THEMED VENUE CURRENT PASSING RENT OF £35,000 PER ANNUM LEASE EXPIRY 29 JANUARY 2030 OFFERS IN EXCESS OF £500,000 NET INITIAL YIELD OF 6.71% (ASSUMING PURCHASERS COSTS OF 4.35%)

This leisure property for sale is located in Edinburgh

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National rail 0.7m Haymarket
Nearest airport 10.2m Edinburgh

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Leisure

Retail

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