Extensive Ground Floor Bar, with Function Suite & Beer Garden Let on F.R.I Lease Expiry 25th June 2023 Passing Rent: £15,000p.a.x. £135,000 Representing a G.I.Y. of 11.1%
Location The subjects are situated on the North side of Camperdown Road to the East of its junction with MacAlpine Road within the densely populated Camperdown area of Dundee.
Subjects The subjects comprise a single storey public house with terrace to the front elevation and beer garden to the side. The subjects are surmounted by a flat roof overlaid by what we believe to be bituminous felt.
Internally the subjects form main public bar, kitchen, cellar, games room and self contained function suite. The subjects have been recently refurbished by the previous occupier by way of painting throughout and upgraded lighting. The main bar offer extensive servery of traditional construction with a mix of fixed and loose tables and chairs, with seating for approx 40. The subjects benefit from extensive kitchen suitable for bar meals or gastro-pub style dining, with opportunity for the adjacent games room to accommodate more patrons up to a further 25 persons.
The subjects also benefit from separate function suite with private servery, open plan dance floor and raised stage to accommodate c. 100 persons. The subjects benefit from extensive paved beer garden and front terrace.
NAV/RV The subjects have been assessed and entered onto the valuation roll with the following NAV/RV