Restaurant/cafe for sale in Logie Street, Dundee DD2, £259,000

259,000.00

Offer Nr.:
62306663
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Westport Property
Phone(s):
01382 935992

* Freehold
**Key Points**
* Very profitable business
* Well established with excellent local reputation
* Prominent trading position
* Quality fixtures & fittings throughout
* Adjoining commercial property opportunity
**Description**
The subjects comprise two adjoining mid terraced retail units with other
occupiers in the parade including two public houses and a hair salon.
No. 113 - 115 is arranged over ground floor level and provides an immaculately
presented modern hot food takeaway unit which is fitted to a very high
standard to compliment the current business. Internally, it provides a large
serving area to the front and kitchen/food preparation area to the rear, with
additional with storage and WC facilities to the side.
No. 111 provides ground floor accommodation currently fitted out to a shell
specification.
**Location**
The subjects are located on the south side of the busy Logie Street, close to
its junction with Loons Road, in a mixed use and densely populated location.
Logie Street forms part of one of the main commuter links to Dundee City
Centre and lies in close proximity to Lochee, with surrounding occupiers being
a mix of local retail and leisure operators and residential properties.
The property is highly visible and has ample free on street parking facilities
nearby.
**Accommodation**
We have measured the premises in accordance with the RICS Code of Measuring
Practice to be as follows: -
No. 111 - 74. 92 sq m (806 sq ft)
No. 113 - 115 - 85. 95 sq m (925 sq ft)
**Business Description**
The business provides a well established traditional fish and chip shop with
freehold commercial property which trades as "The Bridge". The business has a
strong trading record and excellent reputation throughout Dundee and has been
successfully run by the present owner for over 13 years.
The business currently offers a traditional fish and chips/supper menu to take
away and a delivery service with potential to increase sales by adding kebabs,
pizzas, burgers etc.
The business is being offered on a freehold basis to include the property,
business and fixtures and fittings.
The business is currently open 16: 00 - 21. 30, 7 days a week.
**Business Rates**
The premises are currently entered in the Valuation Roll as follows: -
111 Logie Street - Shop - £5, Logie Street - Hot Food Takeaway - £8, 500
Qualifying occupiers may benefit from 100% rates relief under the Small
Business Bonus Scheme.
**Price**
Offers from £259, 000 ex VAT are invited for the freehold, trade fixtures,
fittings, furnishings and equipment, and the goodwill of the business
being sold complete as a going concern.
Alternatively, our client may consider a leasehold of £12, 000 per annum ex
VAT, with offers in the region on £125, 000 for the business.
Stock in trade will be sold separately at valuation on the date of entry
**Viewing**
Please contact the sole selling agent, Westport Property.

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