The Ellenbank is located on Alexander Street, just off Dundee City Centre. The pub is surrounded by a mixture of residential and commercial properties. The property has been under the same ownership for over 30 years. The current owners are now retiring from the trade after 44 years and the property is now let to a tenant who has operated the business for the past 5 years. The tenant has a further 5 years to run on the lease, however, would be happy to terminate the lease should someone want vacant possession. The current passing rent is £400 per week. The lease is tied to draft beers and the landlord has additional income from the beer tie.
( Agency Pilot Software ref: 52809 )
Location
The property is located on the ground floor of a traditional sandstone building. The Ellenbank comprises public bar, lounge bar/function room, kitchen and toilets. A cellar is located in the basement.
Accommodation
Public Bar and Lounge Bar / Function Room
Terms
TENURE The Heritable (Scottish equivalent of Freehold) interest of the property is being sold.
PRICE Offers in the region of £225,000 are being sought for the freehold in the property.
EXCLUSIONS There are no exclusions in the sale.
ENERGY PERFORMANCE CERTIFICATE EPC certificates will be shared with interested parties.
RATEABLE VALUE The Rateable Value is £8,700 (effective date April 2023).
Specification
- Traditional Locals Bar Public Bar and Lounge Bar / Function Room
- Kitchen Area
- Operated Under the Same Owners for the Past 30 Years