Airlie Arms, 10 Dundonald, , Dundee, DD3 7PW

OPPORTUNITY

The subjects comprise a popular local public house investment in Dundee. The pub which trades as Airlie Arms- is well positioned in close proximity to both Dundee Football Grounds and has an established client base locally having traded successfully for a number of years.

The pub is currently let until December 2029 with an outstanding rent review as of December 2022 still to be settled.

The current passing rent is £10,000 per annum,

The landlord is also entitled to a 50% share of machine income. A barrelage income is also generated by the current landlord and could potentially be earned by the purchaser assuming they also have connections to the supplier. The purchaser should satisfy themselves whether a barrelage income could be generated by reference to the terms of the lease.

Further details are available upon application.

MONEYLAUNDERING

The money laundering, terrorist financing and transfer of funds (information on the payer) regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also and any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.

ACCOMMODATION

GROSS AREA - 171.50 (1,846 sq.ft.)

The above floor areas have been calculated on a Gross Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition).

Auction date

The auction will be held on22nd June 2023 and interested parties should register asap at:

www.shepherd.co.uk/commercial-auctions

Buyers will be required to pre-register prior to approval of their bid hence early registration is encouraged.

Deposit

At the end of the auction, if the reserve price has been met, a 10% deposit (subject to a minimum deposit of £5,000) will be payable.

Reserve price

The reserve price is the minimum price for which the property can be sold and is confidential between the auctioneer and the vendor and cannot be disclosed.

If the reserve price isn-t met, the property will remain unsold. You can contact our team and at this point you-ll be able to make an offer which will be referred to the sellers for their consideration.

Guide price

Properties advertised with a guide price is within 10% above or below the reserve price when a single figure is stated.

If the guide price is a bracket figure, the reserve price cannot exceed the top end of the bracket price.

Buyer Fees

Details of the buyer fees associated with this property can be found on the individual property page on our auction webpage.

Legal pack

The legal packs are available to view online via our auction webpage.

VAT

See Legal Pack.

Energy performance certificate

See Legal Pack.