Graham + Sibbald are delighted to bring to market this Restaurant Opportunity in Montrose, available to let / may sell. The restaurant is located within the coastal town of Montrose, sitting between Dundee and Aberdeen. The town itself has an attractive centre. More specifically, the restaurant sits to the north of the town centre, on the main road (A92). The restaurant is ideally located close to a predominantly residential area as well as a commercial industrial/office site. This can provide consistent trade to the premises with customers regularly in the area. Internally, the restaurant has its main dining area for around 70 covers, there is also a lounge bar for 50 covers. There is also a large commercial kitchen with extensive storage and prep areas. Externally the restaurant has a large customer car park which presents development opportunities, either a change of use or perhaps outdoor al-fresco seating for customers, subject to the necessary planning or licenses.
The availability of this restaurant presents a fantastic opportunity for a restaurant operator to either lease or buy a premises established as a restaurant for 37 years. There is also the potential development opportunity to convert the site into a different use.
( Agency Pilot Software ref: 53820 )
Location
The restaurant is located within the coastal town of Montrose, sitting between Dundee and Aberdeen. The town itself has an attractive centre. More specifically, the restaurant sits to the north of the town centre, on the main road (A92). The restaurant is ideally located close to a predominantly residential area as well as a commercial industrial/office site. This can provide consistent trade to the premises with customers regularly in the area.
Internally, the restaurant has its main dining area for around 70 covers, there is also a lounge bar for 50 covers. The restaurant benefits from a large commercial kitchen with extensive storage and prep areas. Externally the premises benefit from a large customer car park which presents development opportunities, either a change of use or perhaps outdoor al-fresco seating for customers, subject to the necessary planning or licenses.
Accommodation
From the car park, steps and an accessible ramp lead up to the main entrance to the front of the building with double doors opening into the vestibule hall. From here the restaurant and bar are accessed.
The accommodation is arranged over ground floor and can be summarised, briefly, as follows:
Public Areas
Main Restaurant (70)
Lounge Bar (50) with bar servery
Ladies, Gents & Accessible WC
Service Areas
Commercial Kitchen
Range of Stores/Storerooms
Small Office (partition room in main restaurant)
Outside Large customer car park for c.40 cars
Terms
LICENCE Premises Licence under the Licensing (Scotland) Act 2005.
SERVICES Mains gas, electricity, water and drainage. Heating and hot water via gas fired boiler.
ENERGY PERFORMANCE CERTIFICATE EPC Rating - E The EPCs will be available upon request.
RATEABLE VALUE Former Peking Palace Restaurant – Rateable Value - £24,500 (1st April 2023)
TENURE Heritable (Freehold) / Outright Ownership OR Leasehold
Specification
- Fantastic Opportunity to Operate a Fully Fitted Restaurant - For Sale
- Renowned Restaurant in the Area
- Sitting on a c.0.7-acre site - Development Opportunity
- Incentives May Be Available Depending on Covenant Strength
- Premium Offers of Around £20,000