The Victoria Inn

Haddington

High Street / Town property

Features

  • Cask Ales
  • Catering Kitchen
  • Outside drinking area
  • Letting Rooms
  • Restaurant/Dining

Property Details

Description
The VICTORIA INN is a 3 storey building ideally situated in the very centre of the East Lothian Market Town of Haddington. The town itself is undergoing big expansion currently with some 300+ new houses being built at the Western end of the town

Layout
Ground floor has main entrance, outside drinking area either side of main entrance and Public Bar with both ladies and gents toilets

On the 1st floor there is a 40 cover restaurant with separate gent and ladies toilets and full catering kitchen. The 2nd floor has 5 en-suite letting bedrooms. Refurbishment of trading areas available by negotiation.

Private Accommodation
None

Trading Style

The Victoria Inn has 3 distinct trading incomes from the bar, restaurant and letting bedrooms

There is always good demand for letting bedrooms in East Lothian for a tenant to build solid base trade for the Victoria Inn. The Restaurant was previously marketed as The Avenue Restaurant with a trip advisor rating of 4/5
There is room for growth in all 3 trading incomes for the right operator.

Applicant Profile

With Food and the Letting Bedrooms being the main profit drivers at the VICTORIA INN applicant will ideally be experienced in both of these income streams – would suit a chef looking to run their own restaurant for the first time – local knowledge of East Lothian would be preferable

Financials & Tenure:

  • Length of Tenure: 10 years
  • Agreement type: Lease
  • Rent: £ 30,000
  • Ingoings: £ 9,672

  • F&F £ 20,686 – 25% to be paid on ingoing
  • Deposit £ 3,000
  • Legal Fees £ 1,500
    TOTAL £ 25,186

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