How to value a hotel in Scotland1 / 4
Available
67 St Leonard’s Hill
Edinburgh Southside
Offers over £195,000 + VAT
- Address
- 67 St Leonard’s Hill, Edinburgh, EH8 9SB
- Tenure
- Freehold (heritable title)
- Possession
- Vacant possession on expiry of the current lease (trading as The Tipsy Midgie) in January 2027. The sale does NOT include the Tipsy Midgie brand or any business goodwill and is for the property only.
- VAT
- The property is opted for tax and this is not a Going Concern transaction. If the purchasing company is registered for VAT then the VAT element on the purchase will be reclaimable.
- Accommodation
- Ground floor bar with snug and toilets; basement cellar with keg drop
- Licence
- Premises Licence in place which will be transferred to a new owner.
- Rateable value
- £16,800 (effective 1 April 2026), per the Scottish Assessors. An occupier may benefit from partial relief under the Small Business Bonus Scheme and Retail, Hospitality & Leisure Relief, subject to eligibility. Interested parties should confirm with the City of Edinburgh Council.
- EPC
- F. Certificate available on request.
- Services
- Mains water, gas and electricity
- Viewing
- Strictly by appointment through Drysdale & Company. Please do not approach the current tenant or staff.
About the property
A rare freehold pub on Edinburgh's Southside a short walk from The Meadows and Edinburgh’s Old Town
- · Drysdale & Company is instructed by the landlord to sell the freehold of this traditional ground floor and basement public house. The current tenant’s lease expires in January 2027 and they are relocating to open a whisky bar elsewhere in Scotland, so the property will be sold with vacant possession.
- · Small freehold pubs this close to the Old Town seldom come to the market. This is an opportunity for a new operator to buy outright and establish their own public house in a long-standing licensed setting.
- · The pub sits on St Leonard’s Hill in Edinburgh’s Southside, a busy residential neighbourhood close to the University of Edinburgh’s central campus and home to a large student population. Holyrood Park and Arthur’s Seat are on the doorstep, and the area has a lively circuit of independent bars and restaurants. Holyrood Distillery is around 200 metres away.
- · The pub occupies the ground floor and basement of a four-storey, stone-built tenement; the upper floors are separate private flats, and form no part of the property. Two street entrances sit behind a traditional timber frontage with fascia signage. Inside, a single open-plan bar is arranged around a central horseshoe style counter with rear gantry.
- · The licensed public house currently trades as an award winning whisky bar and is well know to locals and across the wider licensed trade.
- · The opportunity to re-brand the pub should be an exciting prospect to an experienced operator.
- · A selection of moveable furniture is provided throughout the bar, confirmation of furniture, fixtures and fittings provided within the sale price will be provided to seriously interested parties on request.
- · Ladies’ and gents’ toilets are off the rear of the bar.
- · The basement holds a refrigerated beer cellar with a keg drop with loading access hatch provided to the front of the building. The photographs show the current tenant’s whisky bar fit-out.
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Insights
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