Licensed and Leisure
FREEHOLD LICENSED PUBLIC HOUSE WITH DEVELOPMENT POTENTIAL For Sale (Due to Retirement) Sporting Lounge 96 High Street, Lochee Dundee DD2 3AY
High Street location Ideal property for a hands on owner occupier Excellent business opportunity Potential alternative use development potential Price - offers invited in excess of £150,000
Licensed and Leisure
The property also benefits from a large paved beer garden area to the rear which contains a good sized external store of block construction under a timber corrugated and felt mono-pitched roof. The Sporting Lounge is a well-established public house business which is being sold due to retirement. This is potentially a great opportunity for a hands on operator.
Accommodation The subjects have the following approximate areas:-
Ground Floor
967 sq ft
89.80 sqm
First Floor
1,133 sq ft
105.29 sq m
Basement
394 sq ft
36.58 sq m
2,494 sq m
231.67 sq m
TOTAL
Ground Floor
Location Dundee is Scotland’s fourth largest city with an estimated population of approximately 145,000 and a regional catchment population of around 515,000. The City is the regional centre for commerce, retailing and employment for the Tayside area and is strategically located on the east coast of Scotland with 90% of the country’s population within a 90 minute drive time. The subjects are located on the west side of Lochee High Street, a popular shopping district serving the local community, approximately 2 miles north west of Dundee City Centre. Surrounding occupiers include a mixture of local and multiple retailers such as Ladbrokes, Oxfam, Greggs, British Heart Foundation, Lloyds Pharmacy and Farmfoods.
Description The Sporting Lounge comprises a typical 1960’s two storey end terraced building of brick and block construction under a flat timber and felt roof. Internally the property is laid out to provide a ground floor bar with small kitchen and customer toilets, first floor function suite also with its own kitchen and customer toilets, and basement cellar and ancillary storage.
The ground floor of the premises is arranged to provide a public bar, small kitchen and male and female customer toilets. The bar is fitted out and decorated in traditional style with timber framed bar and gantry. S eating for approximately 55 people is provided by a mixture of fixed upholstered wall seating and traditional bar furniture. Lighting is provided by ceiling mounted spotlights and recessed ceiling spotlights. The floor is tiled throughout.
A small kitchen, which doubles as a staff area, is located behind the bar servery and male and female customer toilets are located at the rear of the bar either side of the access door leading out to the rear beer garden area.
First Floor This floor provides a function room, kitchen and customer toilets. The function suite is fitted out and decorated in traditional style with its own bar and gantry. Seating for approximately 35 – 40 people is provided by a mixture of fixed upholstered wall seating and traditional bar furniture. Lighting is provided by ceiling mounted spotlights and there is a rack of various disco type lighting located above the dance floor area. The floor is carpeted throughout with a small wooden dancefloor in the middle. There is good sized kitchen located to the rear of the bar servery area which is equipped with a mixture of commercial and domestic kitchen equipment. Male and female toilets are located to the back of the room.
Basement The basement houses good sized storage, cellar (including chilled cellar) and ancillary storage.
Energy Performance Certificate The EPC rating is G. A copy of the certificate is available on request.
The Opportunity The Sporting Lounge represents an ideal opportunity for a new operator to take the reins of a long established public house with function suite which is located on a busy High Street location. It has great potential, particularly with some refurbishment, to create an attractive operation with great potential to develop both the food and bar trade in addition to further developing the function trade.
Rating We understand from the Local Assessor’s website that the subjects have the following rating assessment:Rateable Value UBR (2015/16) Rates Payable
£17,000 £0.48 £8,160 (exclusive of water/sewerage)
Under the small business rates scheme announced for 2015/2016, properties with a Rateable Value between £12,000 and £18,000 may qualify for 25% relief on rates payable depending on individual circumstances. Further enquires on potential rates relief should be made direct with the Local Authority.
Trading Figures Trading information will be made available to genuinely interested parties following a viewing.
Licence The Sporting Lounge holds a current Premises Licence and the permitted hours are 11am to midnight.
Planning We have been advised verbally that the local Planning Department that the property has permission for it’s existing use.
The property would particularly suit an individual or couple operating as owner occupier with the drive to take the business forward and develop the business to its full potential. Given its busy High Street location adjacent to various retail and commercial businesses, the property also has potential for conversion for various other uses including restaurant, retail or class 2 office subject to the appropriate statutory consents being obtained.
Tenure Outright ownership.
Terms
Legal Costs Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable.
Viewing / Further Information The premises are still occupied therefore viewing is strictly by appointment through the sole selling agents:
The premises are available for sale. The purchase price shall include all goodwill and trade fixtures and fittings. Any stock will be additional and payable at date of entry. The premises are available for sale at a price in excess of £150,000.
Value Added Tax Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Fergus McDonald Tel: 01382 227900 [email protected] Andrew Macpherson Mobile 07785 951090 [email protected] Date of Publication: March 2016
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warra nty whatever in relation to this property.
High Street location Ideal property for a hands on owner occupier Excellent business opportunity Potential alternative use development potential Price - offers invited in excess of £150,000
Licensed and Leisure
The property also benefits from a large paved beer garden area to the rear which contains a good sized external store of block construction under a timber corrugated and felt mono-pitched roof. The Sporting Lounge is a well-established public house business which is being sold due to retirement. This is potentially a great opportunity for a hands on operator.
Accommodation The subjects have the following approximate areas:-
Ground Floor
967 sq ft
89.80 sqm
First Floor
1,133 sq ft
105.29 sq m
Basement
394 sq ft
36.58 sq m
2,494 sq m
231.67 sq m
TOTAL
Ground Floor
Location Dundee is Scotland’s fourth largest city with an estimated population of approximately 145,000 and a regional catchment population of around 515,000. The City is the regional centre for commerce, retailing and employment for the Tayside area and is strategically located on the east coast of Scotland with 90% of the country’s population within a 90 minute drive time. The subjects are located on the west side of Lochee High Street, a popular shopping district serving the local community, approximately 2 miles north west of Dundee City Centre. Surrounding occupiers include a mixture of local and multiple retailers such as Ladbrokes, Oxfam, Greggs, British Heart Foundation, Lloyds Pharmacy and Farmfoods.
Description The Sporting Lounge comprises a typical 1960’s two storey end terraced building of brick and block construction under a flat timber and felt roof. Internally the property is laid out to provide a ground floor bar with small kitchen and customer toilets, first floor function suite also with its own kitchen and customer toilets, and basement cellar and ancillary storage.
The ground floor of the premises is arranged to provide a public bar, small kitchen and male and female customer toilets. The bar is fitted out and decorated in traditional style with timber framed bar and gantry. S eating for approximately 55 people is provided by a mixture of fixed upholstered wall seating and traditional bar furniture. Lighting is provided by ceiling mounted spotlights and recessed ceiling spotlights. The floor is tiled throughout.
A small kitchen, which doubles as a staff area, is located behind the bar servery and male and female customer toilets are located at the rear of the bar either side of the access door leading out to the rear beer garden area.
First Floor This floor provides a function room, kitchen and customer toilets. The function suite is fitted out and decorated in traditional style with its own bar and gantry. Seating for approximately 35 – 40 people is provided by a mixture of fixed upholstered wall seating and traditional bar furniture. Lighting is provided by ceiling mounted spotlights and there is a rack of various disco type lighting located above the dance floor area. The floor is carpeted throughout with a small wooden dancefloor in the middle. There is good sized kitchen located to the rear of the bar servery area which is equipped with a mixture of commercial and domestic kitchen equipment. Male and female toilets are located to the back of the room.
Basement The basement houses good sized storage, cellar (including chilled cellar) and ancillary storage.
Energy Performance Certificate The EPC rating is G. A copy of the certificate is available on request.
The Opportunity The Sporting Lounge represents an ideal opportunity for a new operator to take the reins of a long established public house with function suite which is located on a busy High Street location. It has great potential, particularly with some refurbishment, to create an attractive operation with great potential to develop both the food and bar trade in addition to further developing the function trade.
Rating We understand from the Local Assessor’s website that the subjects have the following rating assessment:Rateable Value UBR (2015/16) Rates Payable
£17,000 £0.48 £8,160 (exclusive of water/sewerage)
Under the small business rates scheme announced for 2015/2016, properties with a Rateable Value between £12,000 and £18,000 may qualify for 25% relief on rates payable depending on individual circumstances. Further enquires on potential rates relief should be made direct with the Local Authority.
Trading Figures Trading information will be made available to genuinely interested parties following a viewing.
Licence The Sporting Lounge holds a current Premises Licence and the permitted hours are 11am to midnight.
Planning We have been advised verbally that the local Planning Department that the property has permission for it’s existing use.
The property would particularly suit an individual or couple operating as owner occupier with the drive to take the business forward and develop the business to its full potential. Given its busy High Street location adjacent to various retail and commercial businesses, the property also has potential for conversion for various other uses including restaurant, retail or class 2 office subject to the appropriate statutory consents being obtained.
Tenure Outright ownership.
Terms
Legal Costs Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable.
Viewing / Further Information The premises are still occupied therefore viewing is strictly by appointment through the sole selling agents:
The premises are available for sale. The purchase price shall include all goodwill and trade fixtures and fittings. Any stock will be additional and payable at date of entry. The premises are available for sale at a price in excess of £150,000.
Value Added Tax Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Fergus McDonald Tel: 01382 227900 [email protected] Andrew Macpherson Mobile 07785 951090 [email protected] Date of Publication: March 2016
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warra nty whatever in relation to this property.
