The premises consists of a ground floor public house which includes a front bar area, rear WC facilities and outdoor beer garden. The public house is a wellknown venue in Leith and will benefit significantly from the nearby residential developments. The proposed development plans for the pub include an extension to the public house to provide kitchen facilities but would potentially be suitable for residential conversion also.
The rear beer garden provides a development opportunity for x5 two bedroom residential scheme. The pub and sit offers a fantastic opportunity for an investor to attract a public house/class 3 tenant in the heart of an up and coming residential area as well as opportunity a developer to build out the rear residential development as well as possible conversion of the pub.
Location
The prominent corner site is located within the popular Leith district of Edinburgh approximately 2 miles to the north of the city centre. The premises and site sits on the corner of Bath Road and Salamander Street within an area of Leith, opposite the former Timber Yard development by Barratt homes which consists of 212 residential units to be built over the coming 2 years. The property is also located 0.3 miles from the new Edinburgh Tram phase which is being developed down Constitution Street and towards Newhaven providing easy accessibility into the city centre and airport.
Accommodation
Ground Floor 99.00 sq m (1066 sq ft )
Basement 29.60 sq m (318 sq ft )
TOTAL 128.60sq m ( 1,384 sq ft )
Terms
PLANNING The site currently has planning for a 5 unit two bedroom residential scheme along with public house rear extension which is referred to under planning no. 19/02156/FUL. A new purchaser could also benefit from application to further convert the public house into residential use.
VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT
LEGAL COSTS Each party to bear their own legal costs in the documentation of this transaction; however the ingoing tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
PRICE The subjects are being offered on a vacant freehold basis at offers over £300,000.
EPC Released on application
Specification
- OFFERS OVER £300,000
- PREMISES EXTENDS TO 129 SQM / 1,384 SQFT
- FULLY LICENSED PREMISES
- PLANNING PERMISSION FOR X5 FLAT DEVELOPMENT IN BEER GARDEN
- LOCATED OPPOSITE BARRATT 212 UNIT RESIDENTIAL DEVELOPMENT