The Royal Arch is a two storey stone and slate building dating from around 1850. The premises have an excellent reputation both for food and cask ales and is a well known Landmark in Broughty Ferry. The property is in excellent repair and decorative order.
Location
Broughty Ferry is a vibrant suburb of the city of Dundee situated approximately 4 miles north-east of the city centre. Broughty Ferry has recently been voted one of the top Five Best Urban Places to live in Scotland on a list drawn up by a national Sunday newspaper. It has long been a popular tourist destination as well as a beautiful place to live with the busy town centre providing an excellent mix of shops, boutiques, art galleries, restaurants and bars.
The Royal Arch occupies a prime situation in the hub of Broughty Ferry, in a prominent trading location on the corner of Brook Street and Gray Street, located directly beside the Train Station, car parksand transport links.
Accommodation
Basement - (24.1 sqm) providing a good sized beer cellar and store
Ground Floor - (136.3 sqm) this is currently divided into two distinct sections although the current owners have previously obtained Planning Permission for the bar and lounge areas to be incorporated into one area.
The Tavern Bar provides a traditional bar and lounge area of great character with its original hand-carved bar and sideboard and open fireplace.
Bistro Lounge with bar providing 40 table covers. Art deco style with individual stained glass panels depicting local scenes, booth seating and a feature stained glass ceiling cupola. The current owner has recently upgraded the area incorporating a small wooden dance floor area, giving the potential for use as a live music venue or small functions.
There is an attractive pavement café area outside with a motorised canopy. Thisprovides a further 36 table covers.
Kitchen - (27.1 sqm) The kitchen area is accessed from the Lounge bar and is fitted with commercial stainless steel fittings and fixtures. Air-conditioning is installed. It is in excellent order and meets the current regulations. There are also 2 outside stores.
LICENCE - There is a Premises Licence in place official capacity is 72 in the Bar, 66 in the Bistro and a further 36 outside giving a total capacity of 174.
Terms
LEASE - The property is offered on a new Lease for a 10 Year term. The Leasewill be on aTenant full repairing and insuring basis with an open Rent Review at year 5.
RENTAL - Offers over £65,000 per annum are sought in respect of this Lease with a premium of £40,000. It isalso anticipated that a Rental Deposit equivalent to three months rent will be required from the incoming Tenant.
There is also a spacious Two Bedroomed Flat with a separate entrance above the premises which could be available on a separate Lease making it an ideal opportunity for those seeking a complete life-style change.