Bruce & Co. are delighted to announce the sale of the former Tayview Hotel, situated in Dundee, Tayside. The business had been run as a traditional pub and restaurant by the private vendor for over 18 years.
The Tayview Hotel comprises of a traditionally built detached property, which sits in its own well-maintained gardens with views overlooking the River Tay. Briefly, the hotel comprises a large bar/lounge area, separate bar area, and spacious restaurant space with covers for around 42. There is also a basement floor which runs almost the full length of the building; thereby providing scope for development. The sale of the property also came with a 4 bedroom apartment, situated above the business.
The business provided excellent potential for growth and expansion; as when trading, no marketing was carried out.
Following an impressive 14 viewings and 5 offers; the business was sold to Mr Misbahuddin on a freehold basis, for £245,000. The sale was funded through bank finance.
The main reason which attracted Mr Misbahuddin to the business was the location. He comments, “The sale went very well – Bruce & Co. provided a lot of help.”
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