Interesting to see some numbers - well done kemamira!
I hope someone will come along in the next year and turn it around as it is quite an eyesore and lets HOP down being in such a prominent position. It is a shame that the current set of tenants didn't do something to the outside, which they did say they would when I first met them, but came back with 'rates are costing us too much' via twitter when pushed later.
Having been inside for one of their 'secret' dinners, I have to say it needs an awful lot of work. I doubt £50k would do it Pauline (P1971) even with your skills :-)
If anything, the most recent incumbents have made it worse. You would need to gut the place and it doesn't have an obvious kitchen - the current tenants seem to have made do with a cupboard; nor are the toilets ideal - by the time you've found them, you might as well have popped home for a wee.
In short, it needs someone with deep pockets. Which in turn means it may not be the fun, funky neighbourhood place many of us would like to see.