Summary - 1, QUEENSFERRY STREET EH2 4PA
1 bed 1 bath Pub
Rare investment opportunity near major hotels and visitor attractions.
Prime city-centre location close to Princes Street and major visitor attractions
An iconic, category B listed pub in the heart of Edinburgh’s New Town, Mathers offers a rare licensed asset with genuine historic character. The ground-floor bar retains an ornate early-20th-century interior listed on CAMRA’s National Inventory, including timber panelling, elaborate ceiling mouldings and a ceiling-height gantry — features that attract tourists and heritage-minded customers.
Positioned on Queensferry Street close to Princes Street, the site benefits from heavy footfall, excellent public transport and proximity to major visitor draws. The property adjoins a proposed 129-bedroom hotel/aparthotel, which could regenerate the immediate streetscape and increase passing trade once completed.
Buyers must be clear-eyed about material constraints. The pub is held on a partially tied lease expiring March 2034 (c.9 years remaining) with annually indexed rent reviews; short unexpired lease length will limit mortgage options and may deter many high-street lenders. The category B listing imposes consent requirements for alterations and can increase maintenance costs.
This opportunity suits a cash buyer or an investor prepared to accept lease and listed-building limitations, perhaps to secure steady income from the existing tenancy and capitalise on nearby hotel-led regeneration. Structural history appears traditional for its age; a full survey and lender pre-check are strongly advised before committing.
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