The Lounge Bar 4 Mounthooly Street

Property Details

A unique opportunity to purchase a renowned, popular business. The Lounge Bar is located on Mounthooly Street, a stone’s throw from the Market Cross in the heart of Lerwick’s town centre.

Famous for hosting live traditional music sessions, The Lounge Bar has for many decades served as a meeting place for musicians and has been described as the “spiritual home” of the late, legendary guitar player, Peerie Willie Johnson. The venue caters for both locals and tourists with two separate bar areas;  the public bar on the ground floor and the lounge bar on the first floor. A cellar, located up a small flight of stairs behind the public bar, connects to the lounge bar area by hatch. There is additional ground to the rear of the premises.

Offers are invited for the business as a fully equipped operational entity including all equipment, fixtures & fittings. 

Comprises of:-

Ground Floor – Public bar with adjoining male toilets & further gents toilets opening off the foot of the stairwell, cellar in extension accessed by short flight of steps off Public Bar, hatch from Lounge bar above and delivery access from Albert Court

First Floor – Lounge bar with female toilet opening off from the lounge bar.

Additional Information

Accounts – Abbreviated trading accounts will be made available to interested parties by permission of the owners, 

Licence – The Lounge Bar possesses a Premises Licence. Interested parties should consult Shetland Islands Area Licensing Board for further information regarding licensing requirements.

Stock – The stock will be taken over at valuation on the day of sale.

Fixtures & Fittings – The fixtures and fittings are included in the sale price.

EPC Rating N/A

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