32 Northumberland Street, Edinburgh, Midlothian, EH3 6LS
Rarely available City Centre bar in Edinburghs New Town.
The Wally Dug is a well known basement bar in the new town. Refurbished fully in 2015, it provides locals and the rugby crowd a great space to chat with friends over the great premium range available.
There is one bar, a rear lounge with a piano, and a snug. The basement area outside can be used for outside drinks. Cellars are in the lower level.
There is no private accomodation
|Annual rent||£34,000 per annum|
|Weekly rent||£653.85 per week fixed|
£34,000 per annum, £653.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £17,775 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). Brokers fees not applicable in Scotland.
|Fixtures & fittings||£5,000||Working capital||£5,000|
|Other costs||£800||Total entry cost||£17,775|
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)|
Situated in central Edinburgh within the New Town, the Wally Dug sits in a basement position among residential and other commercial properties. There is an excellent demographic in this premium and highly desireable area.