ADDRESSProject Eric, A stunning 50 Cover Restaurant in Iconic Location
TYPERestaurants/Cafes, Licensed & Leisure
TENUREBusiness for sale, To Let
POSTED ON3rd October 2023
Superb 50-cover restaurant in an iconic setting
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 )