A "high profile" bar and restaurant in a Scottish city has been sold.
The premises with a “very unusual and interesting layout” were sold after only a matter of weeks on the market.
Cornerstone Business Agents said its clients had “spent liberally” on a recent renovation of the Melville Place property in Edinburgh.
The former Bar 13 premises are licensed seven days from 9am to 1am and the agent said there is “huge potential for expansion”.
Barry McNeil, director of Cornerstone Business Agents, said: “We are delighted to conclude another city centre sale. Equally delighted to see another new exciting concept coming to Edinburgh.”
READ MORE:
Scotland's Pub of the Year award winner announced
Historic football pub announces closure
Famous city restaurant 'institution' sold after 23 years
The agent also said: “There are many nooks and crannies within the property that give it a very unusual and interesting layout.
“The bar is to the centre of the premises with access to the galley kitchen behind. Our clients have spent liberally to create an inviting and well-presented modern bar/ restaurant that would suit a number of different style and cuisines."
The agent added: “Our clients have also invested heavily into ‘unseen’ alterations in property including wiring, electrics, property compliance, flooring and overall condition of the property.”
The value of the sale was not disclosed but the property was marketed on a leasehold basis, with a £35,000 premium and rent of around £36,000.
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 here