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TO LET / FOR SALE: PRIME CITY CENTRE RESTAURANT WITH POTENTIAL FOR VARIOUS USES

For sale: POA|To rent: ROA|4400 Sq Ft|Office, Retail - High Street, Pubs/Bars/Clubs, Restaurant/Cafes, Healthcare, Showroom, Pubs/Bars/Clubs, Restaurant/Cafes, Pubs/Bars/Clubs, Restaurant/Cafes, Offices, Retail, Licensed & Leisure, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
TO RENTROA
SIZE4400 Sq Ft
ADDRESS1a High Street, DD1 1SX
TYPEOffice, Retail - High Street, Pubs/Bars/Clubs, Restaurant/Cafes, Healthcare, Showroom, Pubs/Bars/Clubs, Restaurant/Cafes, Pubs/Bars/Clubs, Restaurant/Cafes, Offices, Retail, Licensed & Leisure, Other Property Types & Opportunities
TENURETo Let, For Sale Freehold
POSTED ON22nd November 2019

DESCRIPTION

Prime City Centre Location
Extensive Frontage
Ground Floor & Basement
Fully Refurbished
High Passing Footfall
o/o £65,000p.a.x.


Location

The subjects are situated on the premier north side position of High Street, Dundee at its junction with Commercial Street. Dundee is located on the East coast of Scotland approximately mid-way between Aberdeen to the North and Edinburgh to the South with a resident population of approximately 155,000 and an extended catchment of 235,000. Dundee is Scotland’s fourth largest city and is the regional centre for employment.

Neighbouring occupiers include Royal Bank of Scotland, Slaters Menswear, Patisserie Valerie, Virgin Money & Optical Express. The subjects also benefit from being approx 100yrds form the Murraygate Shopping Centre.

Subjects

The subjects comprise an extensive ground floor and basement restaurant premises, formerly 2 No. Individual units now integrated to form 1 No. Expansive restaurant. The subjects benefit from extensive frontage with partial return onto Commerce Street and High Street offering unrivalled display space.

The subjects benefit from main customer seating area to the front benefitting from tile floor and primarily loose seating and dining space. Customers benefit from male & female w.c. along with disabled w.c. facilities available. To the rear, the subjects have been fitted with fan ovens and open grill, with canopy extraction, walk-in refrigerators and prep area.

The subjects benefit from 70ft of window display frontage and being the ONLY restaurant in Dundee in excess of 3,500sq ft.

The subjects have been extensively refurbished by the former tenant to comprise staff room, private office, painting and decorating throughout with a plethora of custom equipment made for the unit.

Area

The subjects extend to the following approximate floor area:

Ground: 338.2sqm (3,640sq ft)
Basement: 70.57sqm (760sq ft)

Total: 408.77sqm (4,400sq ft)


Proposal

Our client is offering the subjects on a new full repairing and insuring head lease for o/o £65,000p.a.x. Our client may dispose of their freehold interest, price on application.

E.P.C

Available on request

V.A.T

Our client has opted to waive their option to tax, as such the transaction will be subject to V.A.T.

Legal

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

Title

Copies available on request via the marketing agent

LOCATION

Location: 1a High Street, DD1 1SX

Dundee (0.3 miles)

Invergowrie (3.5 miles)

Broughty Ferry (3.9 miles)

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