Owner ready to retire
City record institution in doubt as lease expires
Groucho’s: a city institution
An institution among vinyl record fans looks like closing after the owner decided to retire rather than extend the lease on his shop.
The iconic Groucho’s store – part of the fabric of Dundee for 40 years – is expected to be turned into a restaurant or coffee shop given its proximity to the city’s new leisure quarter.
Shepherd Chartered Surveyors is offering the shop in Nethergate as a “retail investment opportunity” close to the waterfront development.
Alistair “Breeks” Brodie, who set up Groucho’s with a friend at its original home on the Perth Road, said health problems were his reason for retiring. It has operated from its present site since 1999 but the lease expires next August. Mr Brodie said it could continue elsewhere if he is made a good offer for the business.
The Nethergate site has previously been a restaurant, a dairy, a cycle shop and latterly a hairdressers’ supplier.
The 1,860 sq ft ground floor retail unit forms part of a category ‘B’ listed end terraced city centre tenement.
Ronald Dalley, surveyor at Shepherd’s Dundee office, said: “This is an excellent opportunity for an investor to procure a well-known retail unit within Dundee city centre at an exciting time, as the city approaches a new era, benefiting from an influx of visitors following the opening of the V&A.
“Given its high-profile location facing the inner ring road and adjacent to the waterfront development area, we anticipate keen interest in this investment opportunity.”