An award-winning speakeasy bar on Unity street which went on the market last year has just had its asking price reduced by £30,000. The Scarlet Lantern, once regarded as a ‘den of vice’ in the heart of Bristol’s bustling bar scene, was previously listed for sale at £130,000 for the leasehold back in August.
This was the first time the famed cocktail bar, formerly known as Red Light, had gone up for sale in nearly a decade. The listing for the 1,300 sq ft location boasting a 24-hour premises license now offers the lease for £100,000.
Scarlet Lantern was the second incarnation of Red Light which built an exclusive following over the years as the city’s ‘top-secret bar’. While described as ‘the younger, more accessible, and hipper younger sister’ to Red Light's ‘boozier, suave big brother’, Scarlet Lantern’s boudoir-style area aimed to continue the business’s sex appeal and upmarket quality.
