Leasehold pubs up for sale | Scottish Licensed Trade News

Scottish Licensed Trade News

Leasehold pubs up for sale

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NEW leaseholders are sought for two pubs that were part of the now defunct R&L Properties group.

The Melville on William Street in Edinburgh’s west end and the former Six Bells bar in Bearsden, north of Glasgow, have come onto the books of property agent CDLH.
Alan Creevy, director of the property firm, said The Melville, which has an annual rent of £50,000, offers a “rare opportunity to develop a high quality business in an affluent location”.
“The business ceased trading in July this year and the property is being offered on a new lease,” he said.
“We have already seen considerable interest, which is not unexpected given the prime location.”
Six Bells, meanwhile, is set to undergo some major changes; having previously traded with a bar on the ground floor and a function room above, a planning application to split the unit into a ground floor bar or restaurant with a separate restaurant on the first floor, has been lodged.
“This is a fantastic opportunity given the rarity of licensed premises and, indeed, restaurants in Bearsden,” added Creevy. “The landlords at this unit intend expending £30,000 on fabric repairs, including re-roofing, just prior to leasing.”

Image – The Melville has been closed since July and is said to offer a new leaseholder scope for development.

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