Description

Location

The Dolphin Bar is situated in an excellent trading position within the centre of Partick, a short distance to the west of the core city centre. The premises lie directly opposite Partick Underground Station, close to Byres Road and within a densely populated area.  In addition, there are a high number of students residing in the substantial new student apartment complexes within the area.

Specifically, the premises lie on Dumbarton Road, at its junction with Benalder Street.

Description

The Dolphin is a traditional bar, arranged over the ground floor and basement of a traditional four storey sandstone constructed building. The premises benefit from a return frontage to Benalder Street and windows to both elevations provide good quality natural light internally.

The signage is of a traditional good quality standard.

Accommodation

There are two accesses to the main bar area from Dumbarton Road and Benalder Street.  Both accesses lead into a highly attractive traditional public bar.  A bar servery is set to the rear. There are high internal ceilings, timber floors and a mix of loose and fixed back seating, which can accommodate approximately 40 persons.

Ladies and gent’s customer toilets are situated off. A large cellar with street drop (for deliveries), is arranged over the basement. In addition, there is a small mezzanine area, which provides a manager’s office.

Overall, the premises provide an excellent traditional ambience throughout.

Rateable Value

The premises have a current Rateable Value of £15,400. The Rateable Value is due to increase marginally to £16,100 from the Rating Revaluation date of 1st April 2023.

Services

The premises are connected to mains services, including water and electricity. Heating to the premises is from wall mounted electrical appliances.

Premises Licence

The premises currently operate under a premises licence.

The Business & Opportunity

The Dolphin Bar is a good quality traditional public house, which has been operating for many years. The Dolphin has become an institution within the Partick area and, although the main trading area is relatively small, the business is extremely popular and has an excellent following. The property provides a single bar operation, which is easily managed and, with limited operating costs, should provide a good level of profitability for a new tenant.

Historically, the business was leased out and, therefore, we are not in receipt of any full accounting information. However, we understand that the business historically traded in the region of £7,000 to £8,000 gross per week.

This is an excellent opportunity for an owner/operator to acquire and run a highly regarded traditional bar within a popular trading location.

Lease Terms

The premises are being placed on the market at Rental Offers Over £25,000 per annum. There is a nil premium for the fixturesand fittings, although these will remain in the ownership of the landlord. A rental deposit and/or a limited personal guarantee willbe required from an incoming tenant. We envisage a lease termof at least 10 years, albeit this is negotiable. The incoming tenant will be tied to the purchase of draft and bottled beers, with a discount to the equivalent of £125 per barrel passed back to the tenant.

EPC

The property has an EPC rating of G.

Viewing & Further Information

Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650.

Anti Money Laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.

Floor Plans

• Floor Plans - The Dolphin

  

Dataroom

There are no property datarooms available