Summary
The subjects comprise a ground floor retail unit within a Category C Listed three storey mid‐terraced tenement building of traditional stone wall construction with pitched and slated roof over.
The premises are fitted out to a high standard with good frontage and display windows, modern floor and display lighting, suspending grid ceiling incorporating fluorescent strip lighting, and a security system with roller doors.
The basement level provides extensive storage space, a small staff kitchen, break out area and two staff toilets.
Key Points
OPPOSITE WELLGATE SHOPPING CENTREWITHIN 5 MINS WALK OF PROPOSED EDEN PROJECTCAR PARKING SPACES AVAILABLE TO THE REARIMMEDIATE ENTRYFLEXIBLE TERMSMAY BE SUITABLE FOR A VARIETY OF USES (SUBJECT TO PLANNING)
Accommodation
We have measured the Net Internal Area of subjects in accordance with the RICS Code of Measuring Practice to be as follows:-
546 sq m (5,880 sq ft)
Terms
The accommodation is available by way of a new lease on full repairing and insuring terms at a rental of £55,000 per annum exclusive of VAT, Rates and Service Charge.
VAT
All prices, rents and premiums are quoted exclusive of VAT which may be payable.
Legal Costs
Each party will be responsible for their own legal costs in connection with this transaction with the tenant being responsible for any Land & Building
Transaction Tax and VAT liability incurred thereon in.
Business Rates
The premises are currently entered in the Valuation Roll as follows:-
Office - £44,500.
Any new occupier will have the right to appeal this rating assessment.
Energy Performance Certificate
Available on request from the marketing agents.
Viewing
Strictly by appointment by the sole agents.
Location
The subjects are located on the south side of Cowgate, in between its junctions with Murraygate and St Andrews Street, in a prominent pedestrianized commercial location in the heart of Dundee city centre.
The property lies in close proximity to the Wellgate Shopping Centre, one of the principal shopping centres in Dundee, along with the Central Business District and the recently refurbished McManus Gallary and Art Museum on Albert Square. Other nearby commercial occupiers include Greggs, Ladbrokes, Bank of Scotland, as well as a number of other national and local retailers and office occupiers.
The surrounding area is undergoing a £1 billion upgrade to transform the city into a world leading waterfront destination for visitors and businesses. The Victoria & Albert Museum, Caird Hall, Dundee Science Museum, City Quay Water Sports Centre, Olympia Leisure Centre, Slessor Gardens and the
proposed Eden Project are all within 5 minutes walk.