Thursday 30 May 2024
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The Lounge Bar, 4 Mounthooly Street, Lerwick

OIRO £400,000
The Lounge Bar, 4 Mounthooly Street, Shetland ZE1 0BJ
Anderson Strathern
Property Details
01595 695262


A unique opportunity to purchase a renowned, popular business. The Lounge Bar is located on Mounthooly Street, a stone 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 and fittings. 

Comprising of:

Ground Floor – Public bar with adjoining male toilets and 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.



To arrange a viewing telephone the Agent on 01595 695262.



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