Stac Polly (ref 1469)
- Price: 75000
- Tenure: Leasehold
- Business type: Restaurant
Stac Polly enjoys a tremendous trading location in the heart of the New Town situated on the corner of Dublin Street and Albany Street. Stac Polly has been a popular fixture on this corner for the last 30 years and during which time has attracted a significant reputation as a high quality bar and restaurant.
The location is very well situated to serve passing trade and is well tagged as a popular destination restaurant at present enjoying significant repeat business from some of the larger hotels in the central Edinburgh area. The business enjoys a tremendous trading location close to Queen Street, George Street as well as the tram terminus at York Place. In addition, the business is also situated close to the new St James shopping centre development, this large scale development and immediate area has arguably anchored and shifted the city centre around the St James Quarter.
This is a wonderful opportunity to acquire a substantial restaurant premises located in a highly attractive city centre trading location. The business has been in our clients capable hands for the last 5 years, previous to that the business was under the same ownership for 28 years. The restaurant is operated by our client plus the assistance of a full and part time members of staff.
Stac Polly has been somewhat of an Edinburgh dining institution over the years utilising the best of local produce from Scotland’s Larder. It is felt the business would be equally suited to a continuation of name and trading style or indeed providing the size and scope for a full rebrand and change of trading style.
The business is held on a leasehold basis with a current annual rental of £40,000 per annum. Details of the lease will be made available to seriously interested parties after a formal viewing. Rateable value £41,600.Council tax band: X, Tenure: Leasehold,