A restaurant, bar and nightclub venue in a busy city centre location has been put on the market.
The historic property has three bars and a dance floor “creating a venue with a capacity for 600 in the centre of the city’s nightlife quarter”.
Christie & Co, specialist business property adviser, said it has been instructed to market the former Revolution site, 30a Chambers Street, a vacant bar and restaurant bordering the Old Town in Edinburgh.
“Located at the eastern end of Chambers Street, very close to its junction with the George VI Bridge, the property faces the National Museum as well as one of Edinburgh University’s main campus buildings,” the agent said. “Being situated in the centre of Edinburgh’s nightlife quarter, the property is surrounded by other pubs, restaurants and hotels.”
Christie & Co also said: “The attractive B Listed property comprises three separate bars, with the lower ground incorporating an impressive glass vaulted ceiling. There is also a restaurant and a dance floor, creating a venue with a capacity for c.600 visitors.
Simon Watson, business agent at Christie & Co, who is handling the sale, said: “We are looking to secure a new tenant and strong covenant for our client. This is a rare opportunity for an experienced operator or an addition to a current multi-site operator to acquire a prime location in Edinburgh.”
The agent said 30a Chambers Street is on the market with a leasehold premium asking price of £100,000, and an annual rent of £195,000.
New estate agent opens in upmarket neighbourhood in Scottish city
A new residential property agency has opened its doors in Stockbridge in Edinburgh.
Niksen, co-founded by Edinburgh-based property expert Ben Di Rollo and businessman Ronnie Napier, claims to be “redefining the Scottish property scene with an innovative, client-focused approach to residential property sales and new-build marketing services”.
Mr Di Rollo, a property specialist across residential sales and new-build developments, was one of the owners of Coulters and latterly a director at Savills in Edinburgh. Mr Napier is an entrepreneur with established businesses in the construction and recruitment sectors.
BUSINESS HQ MONTHLY
Turn old Glasgow offices into homes, property veterans declare
Two of the best-known figures on the Scottish commercial property scene have signalled hope that a brighter future can be secured for Glasgow’s ageing office stock, as debate continues to rage over how best to reverse the declining fortunes of the city centre.
Andy Cunningham and Colin Mackenzie, former rivals who linked up to launch Glasgow agency MC2 earlier this year, say moves to transform post-war office blocks into smaller, flexible spaces with interior designs more akin to hotels and homes are breathing new life into older buildings in the city.
They say the trend of re-purposing older properties could underpin ambitions to encourage more people to live in Glasgow city centre, with many buildings ripe for conversion into residential use.
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