Ground and first floor let to Miltime Limited, trading as The Wash Bar, until 2037
The proprietor has been operating the premises as a bar since 1990
Prominent position on North Bank Streetoverlooking the Mound and Princes Street
Located on the edge of the Old Town, just off the Royal Mile and within a five minute walk of Edinburgh Castle
Popular and Affluent University City ranked second in UK for tourist visits
Six Week Completion Available
Lot 30
Auction 21st March 2013
Rent £35,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Public House
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
Property Information
Location
Miles
45 miles north-east of Glasgow, 38 miles south-east of Stirling, 120 miles north-west of Newcastle
Roads
A7, A720, M8, M9
Rail
Edinburgh Waverley Station
Air
Edinburgh International Airport
Situation
The property is situated in Old Town one of the most historical parts of the City of Edinburgh, in a prominent position on North Bank Street, the principal access route from George IV Bridge to The Mound and the prime retail pitch of Princes Street. The property benefits from its position adjacent to Edinburgh University’s New College Library, one of the largest and most renowned centres for studies in Theology and Religious Studies in the UK. Other nearby occupiers include HBoS Head Office and The High Court.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
45 miles north-east of Glasgow, 38 miles south-east of Stirling, 120 miles north-west of Newcastle
Roads
A7, A720, M8, M9
Rail
Edinburgh Waverley Station
Air
Edinburgh International Airport
Situation
The property is situated in Old Town one of the most historical parts of the City of Edinburgh, in a prominent position on North Bank Street, the principal access route from George IV Bridge to The Mound and the prime retail pitch of Princes Street. The property benefits from its position adjacent to Edinburgh University’s New College Library, one of the largest and most renowned centres for studies in Theology and Religious Studies in the UK. Other nearby occupiers include HBoS Head Office and The High Court.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a public house over ground floor with bar/function room at first floor level. The property is fitted out with a bar and seating areas at both ground floor and first floor. There is a small kitchen on the first floor together with the beer cellar to the rear of the first floor.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a public house over ground floor with bar/function room at first floor level. The property is fitted out with a bar and seating areas at both ground floor and first floor. There is a small kitchen on the first floor together with the beer cellar to the rear of the first floor.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reviews
Ground First
Public House Bar/Function Room
95.65 sq m 142.52 sq m
(1,029 sq ft) (1,534 sq ft)
MILTIME LIMITED
25 years from 01/08/2012 until 31/07/2037 on a full repairing and insuring lease
