Town Centre Dundee
Prominent Corner Position
Free of Tie
Ground & Basement
1,257sq ft
£7,XXX.a.x
£47,500
Location
The subjects are located at the corner of Erskine Street and Lyon Street, a short distance off Albert Street, approximately half a mile north-east of Dundee city centre.
Albert Street is a busy arterial route leading from Dundee city centre to the north of the city.
This is a mixed residential and commercial area, densely populated with tenement style properties predominating and with a good mix of commercial units serving the local neighbourhood.
The city of Dundee is the fourth largest city in Scotland, with a resident population of approximately 150,000 and a regional catchment population estimated at 330,000.
Subjects
The subjects comprise a ground floor Public House contained within a four storey corner building of stone construction under a pitched and slated roof. As we understand it the upper floors of the building are in use as private dwelling flats.
Internally the accommodation provides a single bar operation with a public bar area and male and female / disabled WC facilities at ground floor level, and a basement offers cellar and storage space.
The premises are in good condition throughout and there is seating for approximately 50 persons on a mixture of fixed seating and loose chairs and bar stools.
Area
We have measured the gross internal area of the accommodation in accordance with the RICS Code of Measuring Practice (6th Edition) to be as follows:-
| Floor | sq m | sq ft |
| Ground | 62.29 | 670 |
| Basement | 54.57 | 587 |
| TOTAL | 116.86 | 1,257 |
NAV/RV
The subjects have been assessed and entered onto the valuation roll with the following NAV/RV;
£15,100
The subjects qualify for a discount under the small business rates relief scheme
Proposal
The subjects are available by way of a new full repairing and insuring lease for a negotiable term for £7,XXXer annum. Our client would dispose of their freehold interest for £47,500
Legal Costs
Each party shall be responsible for their own legal costs in connection with this transaction.
E.P.C
Available on request
Viewing
By appointment only via the sole marketing agent
V.A.T.
Prices quoted are exclusive of V.A.T.