The subjects comprise a ground floor and basement retail unit forming part of traditional corner 4 storey tenement building.
The main walls are of stone construction whilst the roof over is of pitched timber construction and clad in slate.
The property is accessed to the front elevation via a single recessed pedestrian door with glazed frontage.
There is no onstreet parking directly outside the property however there is ample on street parking available nearby.
Location
Dundee is located on the east coast of Scotland approximately mid-way between Aberdeen (circa 105 Kilometres (65 miles) to the north) and Edinburgh (circa 96 kilometres (60 miles) to the south) overlooking the Tay estuary and has a resident population of circa 150,000 persons (National Records of Scotland 2020).
Dundee is Scotland's fourth largest city and is the regional centre for employment, services and retailing within Tayside.
The subjects are located within a secondary retail location to the east of Dundee City Centre. The subjects occupy the corner of Arbroath Road and Princes Street at the busy junction withAlbert Street.
Surrounding occupiers include a number of local retailers at ground floor level with residential flats on the upper floors.
Accommodation
Ground Floor –Sales, Storage, WC - 52.9 sq m (569 sq ft)
Basement Floor -Storage - 52.3 sq m (563 sq ft)
TOTAL - 105.2 sq m (1,132 sq ft)
Terms
RATEABLE VALUE - The premises have been accessed for rating purposes and are entered into the Valuation Roll for the current year at:
Rateable Value: £5,700.
The unified Business Rate for the financial year 2023/2024 is 49.8 pence exclusive of water and sewage.
The premises therefore qualify for up to 100% Small Business Relief
EPC - Available upon request
TERMS - Our clients would consider offers over £50,000 for their heritable interest.
VAT - Price are quoted exclusive of VAT.
LEGAL COSTS - Each party to bear their own legal costs in connection with this transaction.
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 and 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.
Specification
- POPULAR MIXED COMMERCIAL / RESIDENTIAL AREA
- PROMINENT CORNER LOCATION
- AMPLE PARKING WITHIN THE IMMEDIATE VICINITY
- 100% RATES RELIEF
- NIA: 105.2 SQ. M (1,132 SQ. FT)
- OFFERS OVER £50,000