Superb City Centre Bar In Edinburgh For Sale

Business description

The Phoenix Bar is one of Edinburgh’s most popular and well known city centre venues. Situated on the ever-popular Broughton Street in the east end of the city centre the bar is close to a wide variety of residential properties as well as businesses and entertainment centres such as the Playhouse Theatre and the Omni Centre.

The Phoenix Bar has been in the current proprietors’ hands since 1984 and enjoys a strong custom base both from regulars and other visitors to Edinburgh’s city centre.

If this business is of interest to you, please request full Sales Particulars or alternatively contact Derek Burgoyne by clicking on the contact seller button below.

Property information

Property:

Leasehold

Lease terms:

We are informed the business is held on a lease and that the landlords are Punch Taverns. The lease commenced in 2003 for 25 years and the current rent is £52,000 per annum. The lease is on a full repairing and insuring basis and there are trade ties. We are informed that new owners of the business will be expected to post a deposit equivalent to 3 months rent with Punch Taverns.

Leasehold rent:

£52,000 per annum

Location:

The Phoenix is an extremely well known bar situated in one of Edinburgh city centre’s most popular streets. Broughton Street is situated at the east end of the city centre and is an extremely busy thoroughfare. The area surrounding the Phoenix is taken up by large numbers of tenement flats as well as shops and offices situated in Edinburgh’s stylish New Town area.

The Broughton Street area is known for its various bars and restaurants as well as major entertainment venues which include the nearby Omni Centre which houses a major cinema complex, nightclub and various restaurants and the Playhouse Theatre, Edinburgh’s largest theatre venue.

Premises details:

The property forms the ground and lower ground floor areas of a tenement building with residential flats above and other retail units to either side.

The bar has an attractive double window frontage made up of small panes of glass with a central recessed entrance.

On entering the bar, customers are met by a very attractively presented room which has an impressive high ceiling, varnished timber floors, attractive leather upholstered chairs set around low and high level bar tables. The bar counter is a feature itself and has a matching gantry in which is set a large projection TV. Bar stools are arranged along the front of the bar and to one side of the bar country is a small kitchen area where equipment includes two combi ovens and two microwave ovens.

The room is laid out in a split-level area and a few steps lead to a comfortable lounge. The room features part-panelled timber walls, timber flooring and luxurious button backed leather style wall seating.

The room is serviced by ladies & gentlemens toilet facilities.

The function room is located in the lower ground/basement level. The room is fully self-contained and can be entered from a stairway leading from the bar or from its own entrance directly from the street. The function room has a timber floor with corner bar and furnishings which include low stools and chairs around bar tables. To one end is a small platform area. The room has its own ladies & gentlemens toilet facilities and it is estimated that the room could accommodate up to 50 customers.

Apart from the two bar areas already mentioned and the kitchen area which is of an open plan style adjacent to the main lounge bar counter, the Phoenix is serviced by a large beer cellar. Deliveries can be made via a hatch in the pavement outside the property.

Business Operation

Trading hours:

Opening hours are 9am-1am Monday to Saturday and from 12.30pm to 1am on Sundays.

Years established:

27 years

Other information

Related documents:

• 
• Sales Particulars