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128 Alexander St 1,713 sq ft Retail Property Dundee DD3 7DE £150,000 (£87.57/sq ft)
INVESTMENT HIGHLIGHTS
- Traditional Locals Bar.
- Kitchen Area.
- Public Bar and Lounge Bar / Function Room.
- Operated Under the Same Owners for the Past 30 Years.
EXECUTIVE SUMMARY
Traditional Locals Bar Public Bar and Lounge Bar / Function Room Kitchen Area Operated Under the Same Owners for the Past 30 Years
The Ellenbank is located on Alexander Street, just off Dundee City Centre.
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.
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.
The Ellenbank is located on Alexander Street, just off Dundee City Centre.
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.
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.
PROPERTY FACTS
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
1,713 sq ft
Costar Property Class
B
Year Built
1980
Price
£150,000
Price per sq ft
£87.57
Tenancy
Single
Number of Floors
4
Plot ratio
0.95
Total Plot Size
0.04 ac
Frontage
AMENITIES
- Security System
1 1
NEARBY MAJOR RETAILERS
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128 Alexander St
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