Deadline for Offers

30 September 2021, 3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 87 Irish Street, Restaurant and Bistro, Dumfries, DG1 2PQ

Licensed Café/Bar and restaurant premises in central Dumfries location. Net Area: 3,229 Sq.Ft. (299.98 sq.m) Access is via Irish Street and Bank. Option to split into two individual premises

Liquid Lounge can be opened as a cocktail bar with a 2am licence). Net sales over the last few years have been in the region of £190,000 - £200,000. Award Winning University Campus within Dumfries

Accommodation over 2 floors. The Liquid Lounge and Truffles Bistro were refurbished in 2012. Customer car parking is available directly opposite the premises. Potential to increase trade

Vacant Possession available upon completion. Both areas are serviced from a well appointed commercial kitchen. Tenure: Freehold. VIEWING ADVISED - PRICE REDUCED TO ENSURE AUCTION SALE

Historically marketed in excess of £250,000. Currently suited for small business rate relief. MAIN DOOR ENTRANCE TO LIQUID LOUNGE ON IRISH STREET AND TRUFFLES BISTRO ON BANK STREET

Licensed Café/Bar and restaurant premises in central Dumfries location. Net Area: 3,229 Sq.Ft. (299.98 sq.m) Access is via Irish Street and Bank. Option to split into two individual premises. Liquid Lounge can be opened as a cocktail bar with a 2am licence). Net sales over the last few years have been in the region of £190,000 - £200,000. Award Winning University Campus within Dumfries. SALE COMPARABLE: 115-117 Irish Street, Dumfries, DG1 2NP - £110,000 (SOLD). Rental Potential of £2,000 per capita month (£24,000 per annum). Rateable Value (RV) £9,750 per annum. Currently suited for small business rate relief. Located within main area for high footfall and potential change of use (subject to consents). Historically marketed in excess of £250,000. Currently suited for small business rate relief. MAIN DOOR ENTRANCE TO LIQUID LOUNGE ON IRISH STREET AND TRUFFLES BISTRO ON BANK STREET

The premises are accessed from Irish Street, which runs directly behind High Street and the Loreburne Shopping Centre. Truffles Bistro is situated on Bank Street, effectively just round the corner from the Liquid Room. The Liquid Lounge and Truffles Bistro are sited in the centre of Dumfries. This town is the largest in the region with a resident population in the region of 31,600. Further local amenities include The Loreburn Shopping Centre, Marks & Spencer, Ladbrokes, Domino's Pizza, Costa Coffee, Boots, Bank of Scotland. Surrounding occupiers are located within the prime retail and main shopping district of Dumfries. Potential re-development and investment opportunity (Change of Use - Subject to consents)

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Location

Pricing Information & Bidding

Guide Price: £150,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 30 September 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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