A popular Scottish city centre bar and restaurant site has been sold.
The 140-cover former Bar Soba has been acquired by an experienced operator, Cornerstone Business Agents said.
The pub sits in a busy part of the Scottish capital. David Higgins, of Cornerstone, said: "Another city centre completion for Cornerstone Business Agents and another to add to our recent success on Hanover Street.
"Following on from sales/new leases at 83, 96, 99 and 103 Hanover Street, the former Bar Soba at 104 has now changed hands and will undergo a refurbishment before opening as a new concept soon, one that I am sure will do exceptionally well in an area that has definitely benefited from new operators such as Buck's Bar, Bibimbap and Stack & Still."
He said: "Bar Soba had occupied these premises for 11 years and when they decided to move on our client asked us to find a new tenant for the popular unit formed over ground and basement levels.
"After a short period of marketing and several proposals an agreement was reached with an experienced operator who will bring the eye-catching unit back to its former glory."
READ MORE:
Family to sell hotel on popular tourist route after 50 years
Hotel and golf resort to build 30 lodges
Restaurant and bar put up for sale
Mr Higgins also said: "A huge thank you to James Murray who acted for the new tenant, always great to have him involved alongside or on the other end of a transaction.
"After so many recent sales in Edinburgh, Barry McNeil and I are on the look out for more businesses to satisfy a significant demand. Let us know if you think that we can assist."
Mr McNeil said: "We are rightly very proud of our involvement."
Cornerstone said: "Trading until very recently as Bar Soba, this bar/restaurant occupies a highly prominent trading location on Hanover Street in the heart of what has become known as Edinburgh’s 'golden rectangle'.
"The 'golden rectangle' represents a central location in Edinburgh’s New Town between St Andrew Square and Charlotte Square incorporating all the streets and locations within."
The value of the deal was not disclosed but the lease was advertised at £50,000 with an annual rent of £118,000.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel