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Lord Nelson, Edinburgh

Edinburgh, EH6 4DG

Your investment

£9,000

Agreement Type

Tenancy

The Lord Nelson is located in Leith, an area just north of Edinburgh, and is situated approximately 30 yards from the busy Ferry Road. There is substantial housing surrounding the pub and it is nestled nicely within this community.

The Lord Nelson is located in Leith, an area just north of Edinburgh, and is situated approximately 30 yards from the busy Ferry Road.  There is substantial housing surrounding the pub and it is nestled nicely within this community.  It is convenient for the Leith Theatre and the successful Pitt Street Market. Leith is approximately two miles from the centre of Edinburgh, which itself has a population of approximately 500,000.  Edinburgh is popular with tourists, with people coming from far afield to visit this beautiful city.

Pub Layout

The pub is small and cosy and has one trading area which is served by a central horseshoe bar. It is an attractive pub, in very good condition internally and externally. Most of the regulars occupy areas around the bar but there is a small snug to the front. The remainder of the pub to the rear is set out with loose furnishings and feels more like a lounge. More suited to couples and small groups.

The pub benefited from an extensive refurbishment in September 2017 which transformed the trading style and customer base of the pub. It is trading as a ‘premium local’ at present but there may be scope to give it a wider appeal. There is satellite TV at present but the large screen is used to show international rugby matches which are on terrestrial TV.  The main focus is on being a fantastic local pub, attracting a broad spectrum of customers.  There are a range of standard and craft beers available, cask and keg, as well as a decent wine range and premium spirits. There is no scope for a big food operation but snacks are available and tie-ins with local food operations have been utilised. Admiral Taverns is looking for applicants who are hard-working and have excellent customer service skills and who can focus on developing a local business.  A clear vision to take the pub to the next level is key. Links to the community would be ideal but not wholly necessary.

Private Accommodation

There is no private accommodation.

Annual Rent: £18,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie:        All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The vision is to build on the successful change of direction for the pub. Building from the current base is required to get the pub into a more comfortable level of turnover. The pub would be largely operator-led, who would be popular with the locals and have the ability to build links with the community in terms of sports teams and other active groups. A vision to broaden the appeal of the pub is the key to success.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for   weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £30.10per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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