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Description
Licensed Sports Bar in Town Centre Location. Ground and 1st Floor with rear loading. Well Established Business in a Prominent Position Within The Town. Held on F.R.I Lease Passing Rent: £10,400 p.a.
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.
Opportunity To Re-gear Lease. Well Established Business. Property has a new roof.
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.
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. RENTAL AGREEMENT 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: £10,400 per annum
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: Aug 2024
Rent: £10,400 per year / £867 per month
Yield: 13% (approx)
Tenant: Company
Notes: Tenant: Personal Name t/a Lochee Sports Club Expiry: 30th August 2024 Passing Rent: £10,400 per annum
Maps & Location
Map Street View SatelliteThe 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.
Document Downloads
Pricing Information & Bidding
Opening Bid: £80,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 185High Street, Lochee Sports Club, Lochee