CBRE and Savills instructed to sell Wetherspoon pub on George Street
Pub operator JD Wetherspoon has appointed CBRE and Savills to sell The Alexander Graham Bell on Edinburgh’s famous George Street.
The property extends to approximately 6,800 sq ft (632 sq m), all of which is situated at ground floor level. It is held on a lease at a current rent of £230,000 per annum and benefits from a premises license permitting the sale of alcohol until 1am daily.
The Alexander Graham Bell is well-known as part of George Street’s long-established bar and restaurant circuit. Nearby occupiers include Browns, Gourmet Burger Kitchen, Gusto, Las Iguanas and Tigerlily.
A spokesperson on behalf of the joint agents said: “The Alexander Graham Bell represents an excellent opportunity to acquire sizeable, fully fitted premises with the benefit of a late license in one of central Edinburgh’s most prestigious locations. Given the scarcity of flagship licensed leisure opportunities in Scotland’s capital, we anticipate strong interest from a broad variety of different occupiers.”
CBRE and Savills have also recently been appointed by JD Wetherspoon to handle the sale of the Milan Bar in Croydon, the Widow Frost in Mansfield, the Isaac Wilson in Middlesbrough, the Squire Knott in Oldham and the Running Horses in St Helens.