Property Description
Now with a New Deal!
Edinburgh famous Royal Mile location
The area
Situated in the heart of Edinburgh's historic city centre, right on the Royal Mile, The Abbey offers a unique opportunity. Its strategic location opposite the Scottish Parliament and near Holyrood Palace draws in over 500,000 annual visitors, with Edinburgh Waverley Station a short walk away. Within a 10-minute radius, nearly 8,000 residents reside and within a 20-minutes, over 40,000 potential customers can be reached. Despite the competition, The Abbey stands out favourably, benefiting from proximity to key landmarks, residential areas, and student hubs.
The offer
Available on our management agreement, Just Add Talent, this pub has a tried and tested food offer featuring small plates and flat breads along side crowd pleasers like burgers and steak frites. There will be a wide range of drinks featuring premium lagers, craft beers, and ales, alongside a wide selection of soft drinks, wines, and spirits. With its high street location coffee will play an important part of the offer.
This is a drinks led business but food will play an important part of the mix accounting for around 20% of the take.
Click here for more information on Just Add Talent.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Abbey will have experience in high street hospitality businesses. They will have a clear idea on how they will attract customers throughout the day and deliver a fantastic experience to keep them coming back.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
The Abbey will be undergoing a full refurbishment, creating a more premium feel whilst retaining its traditional character. A new signage scheme will improve the pub's kerb appeal, driving passing trade.
The pubs trading area and facilities post refurbishment will be:
Main trading area with bar
A separate bookable space, perfect for private parties and events.
83 internal covers
12 external covers
Catering kitchen
The pub has no private accommodation.
Premises license available on request.
Agreement Type
Just Add Talent
Property Facilities
Refurbishment Planned
Kitchen
Outdoor Trade
Live Sports
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
