Modern purpose built Nightclub for sale.
La Belle Angele was caught up in the fire at the Cowgate in 2002. The business occupies the ground floor of the recently reconstructed mixed use property which includes a Hotel above the nighclub. The property is therefore built to modern building standards and during the rebuild the nightclub was fully soundproofed. We understand that this is one of the only nightclub in Edinburgh to have this level of sound protection. The nightclub is accessed off Hastie’s Close near to the Cowgate.
Location
La Belle Angele is sited just off the Grassmarket in the centre of Edinburgh. The city is Scotland’s capital city and has a resident population of 459,000 persons. In addition we understand that some 3.5m visitors come to the city every year, and the city is world famous for the arts and comedy festival in August. It should be noted that this is not the only festival put on by the city every year.
The Grassmarket is a very popular night time centre within Edinburgh. There are many public houses, restaurants and cafés located there.
Accommodation
ACCOMMODATION SUMMARY:
The Main Bar (650 persons standing)
The Ticket Office
The Cloakroom
The Management Office
Ladies and Gents WCs
A ‘Green Room’ for Bands/Acts
Shower Room
Ladies and Gents WCs
SERVICES - Mains electricity (3 phase), water and drainage are connected. There is no mains gas to the property.
SECURITY - The property is fitted with a burglar alarm, a zonal fire alarm system and a 14 camera CCTV system with HD quality recording and one months storage.
STAFF - There is 1 full time manager, 1 part time assistant manager and up to 7 part time bar staff. TUPE will be in effect for all staff. The door-staff are sub-contracted to a firm which handles several nearby venues as well as La Belle Angele.
Terms
TENURE - A new 10 or 21 year full repairing and insuring tied lease is offered at an initial rent of £XXX (plus VAT). There will be a 5 yearly rent review pattern. A quarters rent will be held as a deposit.
VAT - The property is currently elected for VAT.
PRICE - Offers in the Region of £XXX are invited for the Leasehold interest in the property, the trade fixtures, fittings, furnishings and equipment, together with the goodwill of the business being sold complete as a going concern. Stock in trade will be in addition.
Specification
- Modern purpose built Nightclub
- 600 Capacity
- Fully Sound Proofed Construction
- Excellent Central Location
- State of the art sound and light systems
- 25 years of history in the name
- Premium Offers in the Region of £XXX