Nightclub with casual dining/cafe bar potential.
The subjects comprise the internal Reading Rooms Bar/Seating area and a larger Dance Floor accessed easily. Externally there is a large garden area with tangible development potential as it’s the only garden area this side of the City Centre.
The subjects could be readily reconfigured to suit any tenants specific requirements.
Garden with basement option for kitchen
Location
Iconic Independent Venue close to Dundee City Centre.
Accommodation
By our calculations the subjects extend to:
Bar - 110 sq m (1,184 sq ft)
Dance Floor - 150 sq m (1,615 sq ft)
Garden - 150 sq m (1,615 sq ft)
Total - 410 sq m (4,414 sq ft)
The foregoing areas have been calculated on a net internal area basis in accordance with the RICS Code of Measuring Practice (Sixth Edition).
Terms
Terms - Our client is seeking offers to lease on Full Repairing and Insuring basis for 10 years. Landlord’s contribution available subject to negotiation/tenant’s covenant.
VAT - All prices exclude VAT.
Legal Costs - The ingoing tenant will be responsible for our clients reasonably incurred legal costs and any Land and Building Transaction Tax.
Energy Performance Rating - The property is currently G but is being assessed for an up to date EPC rating.
Rateable Value - TBCF
The premises have been assessed for rating purposes and are entered in the Valuation Roll for the current year at: Net and Rateable Value: £22,500
The Unified Business Rate for the financial year 2019/2020 is 49 pence exclusive of water and sewerage.
Specification
- Iconic Independent Venue – 50m from Dundee City Centre
- Requires phased external/internal investment, landlords’ contribution potential
- Significant but underdeveloped Garden Area –basement kitchen option
- Net Internal Floor Area: 260M
- Capacity Potential for up to 350-400 subject to effective configuration
- Potential for Roof Extension – 2 Floors
- Car Parking Options
- Asking Rent on application