Commercial property for sale

Located in direct view of the V and A Museum and the Tay rail bridge, Brig O Tay pub and Taste of Portugal restaurant offers great potential for growth in the right hands. Worthy of note is that this is the only place with a function room in the area. The views from all of the upper windows are stunning and much could be made of this. This business has been successfully run for the last ten years by a husband and wife team who had absolutely no previous experience in the trade showing the potential there is to expand the business further. The potential for growth is also expressed in the current reduced opening hours. The sale is driven by our clients desire to retire.This highly popular restaurant and bar occupy a superb end terrace located in the heart of Newport on Tay with outstanding waterside views over the Tay to the new V and A and bridges. The premises are surrounded by a variety of residential and commercial properties and the business enjoys high footfall and receives much passing trade due to its excellent location. The current license also allows drinks to be served from 10 oclock in the morning. The bar/lounge area occupies the ground floor of the property and enjoys a loyal regular patronage. One of the bars assets are the two large wall mounted TV screens and the venue regularly hosts live televised sporting events. There is also a pool table and darts/games room as well as female and male WC facilities.The restaurant is located on the upper floor and can be accessed by its own entrance and staircase or via the downstairs bar. The main attraction is the scenic views overlooking the River Tay from an elevated position. The new V and A museum is directly across the water and the addition of binoculars at the window seats might be a nice touch as this is likely to be the best vantage point to enjoy the spectacular architecture. The restaurant has covers for 80 and is furnished with wooden tables and chairs in a traditional manner. The large windows offer plenty of natural light creating a spacious dining environment.Beyond the dining area is a fully fitted commercial kitchen, equipped and presented to an excellent standard. In addition, there is a separate washing up area, refrigerated and freezer storage units and plenty of food preparation space. There are customer WC facilities including baby change facilities on the upper floor and the property has plenty of storage areas throughout. The function suite currently caters for wakes and parties but this could also be utilised as either a lounge or cocktail bar or to provide additional covers for the restaurant. Two functions could be run simultaneously as there is another bar, currently blocked off and utilised as storage.Building ExternalThe business benefits from its main thoroughfare location. The owners have been granted approval to position tables and chairs to the front with waterside views thereby extending the capacity. To the rear is the beer garden, designed on an elevated position over two levels, where you can have your meal, drink and smoke. This also applies to the front seating area as well.Trading FiguresAccounts available after formal viewing has taken place.ViewingStrictly by appointment through the sellers sole agents, McEwan Fraser Legal.PriceThis is a Freehold property and offers are invited. Stock in trade will be at valuation.SummaryThis is a superb opportunity to purchase a true turnkey business that offers excellent potential for new enthusiastic owners. The views of the iconic V and A will undoubtedly bring in additional demand. There are very few waterfront premises in this area that can benefit from this advantage and can offer the discerning buyer the opportunity to improve and expand. The potential is phenomenal.

By appointment through McEwan Fraser Legal on 01382 721 212

McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.