Retail premises for sale in 154-158 High Street, Lochee, Dundee DD2, £200,000

200,000.00

Offer Nr.:
62519643
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Westport Property
Phone(s):
01382 935992

* Freehold
**Key Points**
* Profitable business
* Well established with excellent local reputation
* Prominent trading position
* Quality fixtures & fittings throughout
* No VAT applicable
**Description**
The subjects comprise three adjoining mid terraced retail units with other
occupiers in the parade including a convenience store, public house, hot food
takeaway, bakers and a hair salon.
The premises are arranged over ground floor and basement levels and provide a
fully fitted dry cleaners furnished to a high standard. It provides a large
serving area to the front, and an ironing area with 3 no. Workstations and
additional storage to the rear and within the basement, along with a staff
kitchen and WC facilities.
**Location**
The subjects are located on the south side of the busy Lochee High Street in a
mixed use and densely populated location. Surrounding occupiers being a mix of
local retail, 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: -
Ground Floor - 118 sq m (1, 268 sq ft)
There is also a basement of approximately 86 sq m (928 sq ft) which may
provide additional storage space.
**Business Description**
The business provides a well established dry cleaning business which trades as
"Grossi's Dry Cleaners". The business has a strong trading record, has a high
volume of repeat trade and excellent reputation throughout Dundee. It has been
successfully run by the present owner for over 40 years.
The business enjoys an excellent reputation for its expertise in the dry
cleaning of Wedding Dresses, Kilts and other delicate garments such as silks.
It also caters for every day items such as suits, dresses, trousers etc. The
business also offers a pick up and delivery service.
The business is currently open 8: 00 - 17. 00, Mon - Fri, and 8 am - 1pm on Sat.
**Business Rates**
The premises are currently entered in the Valuation Roll as follows: -
154 - 158 High Street - Shop - £10, 400
Qualifying occupiers may benefit from 100% rates relief under the Small
Business Bonus Scheme.
**Terms**
Offers of £200, 000 are invited for the commercial property freehold, trade
fixtures, fittings, furnishings and equipment, and the goodwill of the
business being sold complete as a going concern. Stock in trade will be sold
separately at valuation on the date of entry.
Alternatively, our clients may consider a lease on full repairing and insuring
terms at a rental of £15, 000 per annum. The leasehold business is being
offered for sale to include goodwill and fixtures and fittings. A full
inventory can be made available to interested parties and further information
is available from the marketing agents.
**Viewing**
Please contact the sole selling agent, Westport Property.
**VAT**
No VAT applicable.

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