Property Details

33a Polton Street
Midlothian, Bonnyrigg

Guide price£23,000

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Property
Description

An attractive 70 cover licensed bar/restaurant in this popular Midlothian commuter town

  • Superb interior in full walk-in condition
  • New lease on offer
  • Rent £25,000 per annum plus £40,000 goodwill
  • Suitable for a wide variety of international cuisines
  • External smoking area and car park to the rear
  • Highly visible & trading trading location in Bonnyrigg 

SITUATION

Bonnyrigg, one of Midlothian’s fastest growing towns, is situated 7 miles south-east of Edinburgh City Centre and is less than 10 minute drive from the Lasswade junction of the A720 Edinburgh City Bypass. There have been many new homes created in the last five years in Bonnyrigg to enhance its reputation as a busy and thriving commuter town.

The Greedy Fox bar/ restaurant is located on the north side of Polton Street which is an extension of Lothian Street and is only a short walk from the cross roads at the High Street with Dundas Street. The immediate location is a mixture of residential and commercial properties with a number of well-known retailers nearby including Spar, Premier Convenience and William Hill in close proximity.

THE PROPERTY

The subjects form the end terrace of a single storey building in a parade of similar styled properties. It forms a prominent corner location with large windows onto Polton Street.

Internally, the premises are as extensive as they are bright which have been tastefully renovated to a high standard throughout with dark tone colours to the walls, high level feature lighting and parquet flooring. The property benefits from eye catching signage externally and good levels of natural daylight are provided by the large timber framed windows.

The site enjoys excellent passing trade with a private car park to the rear and ample on street parking.

INTERNAL DETAILS

The premises are fitted out to a very high standard with quality fixtures, including air conditioning and a sound system, CCTV with furniture throughout.

There is an entrance lobby leading into the bar/restaurant area. The bar/restaurant area is rectangular in shape with a good floor to ceiling height and is well laid out. At present it is capable of catering for 70 covers in two separate yet adjoining areas.

Quality flooring, halogen lighting and recessed ambient ‘mood’ lighting make this a very pleasant dining environment.

ANCILLARY AREAS

The full commercial style kitchen area is located to the rear of the sales area which benefits from full extraction facilities.

A staff area along with ladies, gents and disabled toilets are located off the dining area.

THE BUSINESS

Our clients have owned and operated this business for many years during which time it has created an enviable reputation locally.

The business is based on the loyal custom of the nearby offices and the densely populated surrounding residential areas. The bar/ restaurant currently is not trading.

The business is in a genuine walk-in condition and presents an opportunity to further develop what is already a firmly established business with a strong trading history.

SERVICES

We are advised that all mains services are connected.

TENURE

The landlord will grant a new Full, Repairing and Insuring lease to the ingoing purchaser of the business.

PRICE

Our client is seeking a rental of £23,000 per annum along with offers over £30,000 for the goodwill. Stock will be paid at valuation.

VIEWING

Strictly by appointment via the sole selling agents

Property
Overview

  • Property ID:P304
  • Postal Code: EH19 3HB
  • Status:For Sale
  • Type: business
  • Class:3 (Food & Drink)
  • Property Size:n/a sq ft
  • Price:£23,000

Extra
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Bill Adams

Bill Adams

If this property is of interest and you would like further details, or want to arrange a viewing, please contact our property agent on the following details.

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