The subjects have a ground floor entrance and stairway with the restaurant being located within the first floor of a two storey stone/ brick building, with rear extensions, under a flat roof.
The subjects comprise a restaurant with bar area, kitchen, manager’s office, storage rooms and customer toilet facilities. The property has gas central heating with ceiling mounted heating/air conditioning units.
Location
The subjects are on the south side of High Street between Riverside Lane to the east and Quay Street to the west. In keeping with the town centre location, there is a mix of commercial uses and nearby retailers include Semichem, Holland & Barrett, Boots, Costa Coffee and Greggs.
Dumbarton is an established provincial town 13 miles north west of Glasgow and set on the banks of the River Leven where it joins the River Clyde. There is a good provision of public car parking in close proximity and both Dumbarton Central and Dumbarton East stations are within convenient walking distance. Glasgow Road (A814) is a short distance to the north and this leads to the A82 Glasgow to Fort William arterial road route.
Accommodation
Gross Internal Area – 323.29 sq.m. (3,480 sq.ft.) approx.
Terms
TENANCY - The property is let on a Full Repairing and Insuring lease (subject to a Schedule of Condition) which runs from January 2020 until 19 January 2037. The current rent is £16,900 per annum. Rent reviews are at 3 yearly intervals to the Market Rent.
A copy of relevant lease documentation can be made available (upon written request) to genuinely interested parties.
SALE TERMS - Offers over £100,000 are invited for the purchase of our client’s heritable interest, subject to, and with the benefit of the existing lease.
Allowing for professional fees, a purchase at this level would reflect a Net Initial Yield of circa 15%.
EPC - A copy of the Energy Performance Certificate can be made available upon request.
LEGAL COSTS - Each party to be responsible for their own legal costs in concluding the transaction.
Specification
- Situated within Dumbarton’s prime retail/commercial pitch.
- Well established first floor restaurant t/a Bollywood Lounge.
- Short walking distance from River Leven and public car parking.
- Current passing rent £16,900 per annum.
- FRI lease expiring 9 January 2037.
- Gross Internal Area – 323.29 sq.m. (3,480 sq.ft.) approx.
- Offers over £100,000 invited.