Victoria Inn & Avenue Restaurant
9 Court Street, Haddington, East Lothian, EH41 3JD
Bar and Restaurant in fantastic location in Haddington Town Centre.
The Victoria is a well established bar and restaurant in the very centre of Haddington. Also featuring letting bedrooms this is an ideal site and location for an experienced operator to grow this business. We have also prepared an investment which is fully signed off should our new operator wish to change the look of the premises. This business would be ideally suited for a chef looking for a stunning site in a good location in which to showcase his or her skills.
On arriving in the Victoria there is an attractive bar lounge used for both drinks and dining. The kitchen is on the first floor and is of superb standard. Letting bedrooms are to the first and second floor.
|Rooms to let||5|
There is no private accomodation
|Annual rent||£33,000 per annum|
|Weekly rent||£634.62 per week fixed|
£33,000.00 per annum, £634.62 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £27,775 which includes fixtures and fittings (25% payment of £7,000 with the remainder available to purchase on an assisted purchase scheme), stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). £800 of this is for compulsory training
|Fixtures & fittings||£7,000||Working capital||£10,000|
|Other costs||£800||Total entry cost||£24,775|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The market town of Haddington is set amongst agricultural country in East Lothian, situated snugly under the Garleton Hills on the banks of the River Tyne. It has a population of around 8500 people and is 17 miles from Edinburgh. It is a popular town in East Lothian for visitors and for residents of other nearby towns.
Agriculture has long been the basis for Haddington’s prosperity. Today people still enjoy taking part in the Haddington Farmers’ Market, which takes place on the last Saturday of every month. The town has a good mixture of shops including many independent retailers, cafes and restaurants. St Mary's Church, which dates from the 14th century, is one of the three great pre-reformation churches in the Lothian’s and the largest parish church in Scotland. Nearby is Traprain Law, the site of an old Iron Age Fort and Hailes castle located on the banks of the river Tyne now managed by Historic Environment Scotland