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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
3,480 sq.ft. First Floor Restaurant Premises in prime Dumbarton Location. The property is let on a Full Repairing and Insuring lease from 2020-2037. The current rent is £16,900 per annum. VAT FREE
Gross Internal Area – 323.29 sq.m. (3,480 sq.ft.) approx. Nearby retailers include Semichem, Holland & Barrett, Boots, Costa Coffee and Greggs. Well established first floor restaurant.
The subjects have a ground floor entrance and stairway with the restaurant being located within the first floor of a two storey stone/ brick building, with rear extensions, under a flat roof.
The subjects comprise a restaurant with bar area, kitchen, manager’s office, storage rooms and customer toilet facilities.
Situated within Dumbarton’s prime retail/commercial pitch. Well established first floor restaurant t/a Bollywood Lounge.
VAT FREE SALE - The property has not been elected for vat so no vat payable on purchase price.
The subjects comprise a restaurant with bar area, kitchen, manager’s office, storage rooms and customer toilet facilities. The property has gas central heating with ceiling mounted heating/air conditioning units.
Situated within Dumbarton’s prime retail/commercial pitch.
Well established first floor restaurant t/a Bollywood Lounge.
Short walking distance from River Leven and public car parking.
Current passing rent £16,900 per annum.
FRI lease expiring 9 January 2037.
Gross Internal Area – 323.29 sq.m. (3,480 sq.ft.) approx.
The subjects are on the south side of High Street between Riverside Lane to the east and Quay Street to the west. In keeping with the town centre location, there is a mix of commercial uses and nearby retailers include Semichem, Holland & Barrett, Boots, Costa Coffee and Greggs.
Dumbarton is an established provincial town 13 miles north west of Glasgow and set on the banks of the River Leven where it joins the River Clyde. There is a good provision of public car parking in close proximity and both Dumbarton Central and Dumbarton East stations are within convenient walking distance. Glasgow Road (A814) is a short distance to the north and this leads to the A82 Glasgow to Fort William arterial road route.
Full Address: 61 High Street, 1st Floor Restaurant, Dumbarton, G82 1LS
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2037
Rent: £16,900 per year / £1,408 per month
Yield: 15% (approx)
Tenant: Company
Notes: The property is let on a Full Repairing and Insuring lease (subject to a Schedule of Condition) which runs from January 2020 until 19 January 2037. The current rent is £16,900 per annum. Rent reviews are at 3 yearly intervals to the Market Rent.
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Auction Details
Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction
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