530 Strathmartine Road, Dundee, Angus, DD3 9BR
An excellent established business ready for further growth
Known as Doc Stewarts by the local community, the Downfield Hotel is the perfect meeting and gathering place to enjoy a lovely family meal or with friends to catch up while watching live sports. This site has lots to offer from theses three key income streams, public bar, restaurant and function room.
There is a large lounge/restuarnt with additional dining/function space, accommodating extensive food sales while there is a small function room on the first floor. A traditional community public bar is thriving with locals chating and having fun.
The site consists of a traditional public bar with a small decking area to the side, a large restaurant/lounge with an adjoining additional dining/function space ideal for private functions. There is parking to the rear for up to ten cars with roadside and nearby off-street parking.
|Car park spaces||10|
Two bedroom flat with a living room, kitchen and bathroom
|Annual rent||£64,000 per annum|
|Weekly rent||£1,230.77 per week fixed|
£64,000.00 per annum, £1,230.76 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry Costs approx £90,260.00 which includes, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is equal to 25% of head rent. Fixtures and Fittings are valued at approximately £60,035.00 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period
|Fixtures & fittings||£62,035||Working capital||£10,000|
|Other costs||£1,250||Total entry cost||£90,260|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The Pub is situated in Downfield, a residential area in the north of Dundee around fifteen mintues from the city centre. Dundee is Scotland's fourth largest city and the fifty first most populous built up area in the UK.
Current premises licence opening hours
Mon - Sat 11:00 - 00:00 Sunday 12:30 - 00:00
Business Development Manager
Call the Recruitment team on 01284 714 497Apply online
“ I am looking for an excellent new operator to continue to build this excellent business. The Downfield Hotel has great standards and service along with a consistent food offer, which are the key drivers of this brilliant business, whilst there is also room to expand, grow sales and profit. If this sounds like the right opportunity for you, then please contact our recruitment team for further information ”