High Street, Dundee, DD2

Town Centre Location
Licensed Sports Bar
Ground & 1st Floor
Rear Loading
Prominent Position Within The Town
Well Established Business
Held on F.R.I Lease
Expiry 30th August 2024
Opportunity To Re-gear Lease
Passing Rent: £10,400p.a.
Price: o/o £85,000

The property is situated on High Street on a busy and prominent position within the suburb of Lochee in the City of Dundee.
Dundee is Scotland's fourth largest city with an estimated population of 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retailing and employment within Tayside, and is located on the east coast of Scotland with Aberdeen, Edinburgh and Glasgow all within 90 minutes' drive time. The city has its own Airport with daily flights to London (Stansted Airport). Dundee Railway Station forms part of the main East Coast Railway Line, which runs services into London Kings Cross station.
The centre piece to the waterfront development is the V&A Dundee an International Centre for Design in Scotland, the first design museum built in the UK outside London. Neighbouring occupiers include Farmfoods, Lochee Sports Centre & Swimming Pool, Posh Nosh Cafe and Oxfam.

The property forms and end terraced 2 storey public house with rear access via a common yard and loading space. The property benefits from a large frontage and unmissable position within the town centre. Internally the property is fitted out in accordance with the tenants requirements with centrally located bar / servery and partitions erected to form male and female w.c. facilities with access to the upper floor offering further seating area.

The property is held on a full repairing and insuring head lease on the following terms

Tenant: Personal Name t/a Lochee Sports Club
Expiry: 30th August 2024
Passing Rent: £10,400p.a.

Price

O/o £85,000

V.A.T.

Figures quoted exclusive of V.A.T

Legal

Each party shall bear their own legal costs incurred in the transaction

Lease & Title

Available on request

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time