Lot 101c

Guide Price: £113,000 - Bid Now

173-177 Princes Street, Dundee, DD4 6DQ


Key Features:

PRIME TOWN CENTRE former PUBLIC HOUSE OVER 2,300 SQ FEET over GROUND & BASEMENT ***WALK IN CONDITION*** Prominent CORNER Princes St position close to Town Centre. ***FULLY FITTED READY TO OCCUPY or for alternative uses restaurant etc subject to planning. SUPER FRONTAGE - RENTAL POTENTIAL £20,000 P/A*** Rate-able value £20,900. p/a Facing CAR PARK/near Dentists/Lawyers/mix of traders


  • Former 'Harlequins Pub' is READY TO LET & is arranged over the ground floor & basement of a 4 storey attractive sandstone building. Excellent condition with a potential rental of circa £20,000 per annum. BUSY MAIN ROAD. Potential for restaurant/take-away consent (subject planning) or use as a Public House (PREMISES LICENCE retained) or conversion to RETAIL UNIT/DENTIST/OPTICIANS/LAWYERS OFFICE/ BOOKMAKERS
  • Alternatively could be split to 2 units (has a side entrance onto side street) this would generate an excellent rental income. ***SUPER FRONTAGE.*** GROUND FLOOR. Main Bar - Single bar area with central semi-circular timber bar servery. We would estimate total seating for 50 persons from a mix of fixed back seating and loose timber tables and chairs. Decorations are to a quality, traditional standard throughout.
  • BASEMENT with Stores/Cellar - Large basement with beer chill room, secure spirit store and manager’s office, as well as a general storage. ***There is a premises licence in place which will be transferable to a purchaser.*** 1 mile to the North core city centre with Glasgow 80 minutes and Edinburgh only 36 miles. --Super condition.---
  • NEW ENTRY - Prime Town Centre Pub

Description:

RARE PUBLIC HOUSE vacant with potential for RESTAURANT/TAKE-AWAY/SPLIT TO 2 RETAIL UNITS (subject to consents). TOWN CENTRE FORMER PUBLIC HOUSE OVER 2,300 SQ FEET over GROUND & BASEMENT ***WALK IN CONDITION*** Prominent CORNER Princes Street position close to Dundee Town Centre. ***FULLY FITTED READY TO OCCUPY or for alternative uses restaurant etc subject to planning. ***SUPER FRONTAGE. ***RENTAL POTENTIAL £20,000 P/A*** Rate-able value £20,900. p/a Facing CAR PARK/near Dentists/Lawyers/mix of traders. Arranged over the ground floor & basement of a 4 storey attractive sandstone building. Excellent condition with a potential rental of circa £20,000 per annum. Potential for restaurant/take-away consent (subject planning) or use as a Public House (PREMISES LICENCE has been retained) or conversion to RETAIL UNIT/DENTIST/OPTICIANS/LAWYERS OFFICE/BOOKMAKER (subject consents). Potential to be split to 2 units (has a side entrance onto side street) GROUND FLOOR. Main Bar - Single bar area with central semi-circular timber bar servery. We would estimate total seating for 50 persons from a mix of fixed back seating and loose timber tables and chairs. Decorations are to a quality, traditional standard throughout. Ladies and gent’s customer toilets, kitchen/storage area and stores. BASEMENT; Stores/Cellar - Large basement with beer chill room, secure spirit store and manager’s office, as well as a general storage. ***There is a premises licence in place which will be transferable to a purchaser.*** 1 mile to the North core city centre. An excellent opportunity to purchase a rare heritable public house within a prominent and good quality trading location. PRICED FOR A FAST SALE. Well placed for all local amenities, shopping, schooling, travel links and access to Dundee and Abertay Universities. Dundee sits on the north bank of the Firth of Tay 36.1 miles to Edinburgh and less and only 80 minutes to Glasgow. ***IDEAL INVESTMENT OPPORTUNITY.***

Location:


The subjects for sale occupy a SUPER CORNER POSITION with return frontage on Princes Street the busy arterial route linking the core city centre to the Hilltown area of the city. The subjects lie approximately 1 mile to the North core city centre. Dundee is Scotland’s fourth largest city with a population of approximately 145,000 and an estimated catchment population in excess of 350,000. The city is the administrative and commercial centre for the Tayside area and is well served by an excellent communications network. With an excellent student population nearby given DUNDEE UNI the property lends itself to a variety of uses and/or conversation to more than 1 unit (subject consents) or use as a public house. Dundee sits on the north bank of the Firth of Tay 36 miles to Edinburgh and less and only 80 minutes to Glasgow.

Rateable Value:


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Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.

Guide Price: £113,000 - Bid Now


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    01 August 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.