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Agent's details

Project Eric, A stunning 50 Cover Restaurant in Iconic Location

For sale: POA|To rent: £80,000.00 Per Annum|50 |Restaurants/Cafes, Licensed & Leisure

Property details

FOR SALEPOA
TO RENT£80,000.00 Per Annum
SIZE50
ADDRESSProject Eric, A stunning 50 Cover Restaurant in Iconic Location
TYPERestaurants/Cafes, Licensed & Leisure
TENUREBusiness for sale, To Let
POSTED ON3rd October 2023

Description

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Superb 50-cover restaurant in an iconic setting

Beach Views

Tourism Destination with High Footfall

Long FRI Lease from Private Landlord

Passing Rent £80,000 - T/O over £1.5m (net)

Graham + Sibbald are delighted to be marketing this amazing restaurant for sale. The business is truly in an iconic location. This 50 cover restaurant for sale as a lease assignation produces a healthy 6 figure return for the current tenant.

The address has been changed to protect the location of the Restaurant. The Restaurant is NOT in Dundee.

The property is held on a full repairing and insuring lease which commenced on 25th August 2003 and is due to expire 1st February 2042. The current passing rent is £80,638. The next Rent Review is August 2023. ( Agency Pilot Software ref: 52206 )

Location

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Location: Project Eric, A stunning 50 Cover Restaurant in Iconic Location

Dundee (0.3 miles)

Invergowrie (3.2 miles)

Broughty Ferry (4.2 miles)

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