Free of tie Bar opportunity in superb trading location, Dundee (Ref 1749)

*** LEASEHOLD PRICE REDUCED ***

First class trading location on the Perth Road. Great city centre location. Located close to DCA, Dundee Rep Theatre and V & A museum. Close to all universities and art college. Prominent bar premises with huge potential for new owners. Great opportunity to add a strong food offering. Currently closed. Assignation of 15-year lease signed in 2019. Valuable free of tie lease. Rent £35,000. Ideal opportunity for an experienced operator.

LEASEHOLD Nil Premium.

The city of Dundee has undergone significant transformation in the last 10 years with a regenerative focus surrounding the opening of The Victoria & Albert Museum on Dundee’s waterfront. This high-profile opening has spearheaded the transformation of Dundee’s waterfront area putting the city on the cultural map for a targeted 500,000 visitors every year. The regeneration of the waterfront has had significant knock on effects to already established businesses elsewhere in the city.

The city, historically known for jute, jam and journalism, is undergoing a cultural revival anchored by new tech industries including computer gaming as well as being home to one of the most vibrant student populations in Scotland.

This bar and restaurant opportunity occupies a prominent trading location on the Perth Road directly across from Abertay & Dundee Universities as well as Duncan of Jordanstone College of Art & Design.

The Perth Road and the West End of the city has always been an area of activity and abuzz with bars, restaurants and coffee shops lying in close quarters to Dundee’s Repertory Theatre as well as the Dundee Contemporary Arts Centre (DCA).

The business was purchased by our clients in 2023 and refitted to create a welcoming bar/restaurant that centers around a craft beer offering. There is also a basement bar which is suitable for a variety of different uses such as functions, meetings and overflow. There is a separate entrance which leads into the basement bar area.

Perth Road is a superb trading location and an ideal honeypot location in Dundee, attracting a wide variety of customers, including students, young professionals, theatre-goers as well as strong weekend crowd.

A huge opportunity therefore exists for an experienced bar/restaurant operator to acquire a well-positioned site in arguably the best licensed trade circuit in Dundee. There is a great opportunity to add a strong food offering. The commercial kitchen was fully refurbished and updated in 2018.

The property is available on a leasehold basis. This will be the assignation of the current 15-year lease signed in 2019. The current rent is £35,000. The lease is free of trade tie.