The subjects comprise 4 adjoining mid-terraced townhouse buildings, with accommodation over basement, ground, first and attic levels, with frontage to King Street and the Cowgate to the rear. The buildings comprise Nrs. 5, 7, 9 and 11 King Street, with a further ground floor property fronting Cowgate and known as 32 Cowgate. There is off-street car parking on the Cowgate elevation. The buildings are of traditional stone and brick construction, with pitched and slated and part flat roofs over. The long-established Sinatra’s Lounge Bar and Function Suite occupies the ground and basement levels at 5, 7 and part 9 King Street, with a separate unit at 9 King Street, formerly trading as a hairdressers and a further office unit at 32 Cowgate. The upper floors of 9-11 King Street are presently uninhabited, but provide a further development opportunity subject to achieving appropriate consents.
Location
Dundee is located on the east coast of Scotland overlooking the Tay estuary, with a population of approximately 150,000 and a regional catchment of some 300,000. The city benefits from its own airport, providing daily flights to London City, Birmingham and Belfast and has excellent road and rail links to other main Scottish cities, with some 90% of Scotland’s population within 90 minutes drivetime of Dundee. the subjects themselves are located within a city centre location, a short distance from the Wellgate Shopping Centre and the pedestrianised Murraygate which forms part of Dundee’s prime retailing area. The surrounding properties provide a mix of office and residential uses, with other licensed premises in close proximity.
Accommodation
5/7 King Street -
Main Bar/Lounge - 2575 sq ft (239.2 sq m)
Function Suite - 1213 sq ft (112.7 sq m)
Basement Floor - 2008 sq ft (186.55 sq m)
Cellar Area - 955 sq ft (88.73 sq m)
Total - 4940 sq ft (627.18 sq m)
9 King Street Ground - 555 sq ft (51.6 sq m)
Basement - 530 sq ft (49.25 sq m)
First/Attic - 3100 sq ft (288 sq m)
Total - 4185 sq ft (388.85 sq m)
11 King Street First - 603 sq ft (56 sq m)
Total Area - 12,313 sq ft (1143.94 sq m)
Terms
Offers in the region of £400,000 are invited for our client’s interest in the heritable property.
Specification
- Substantial licensed premises
- Development opportunity
- City centre location