The subjects comprise an office/retail unit planned over ground and basement floors forming part of a mid-terraced Category ‘C’ listed 4 storey ,attic and basement building. Surrounding occupiers are a mix of businesses with residential occupiers on the upper floors.
Location
Dundee is located on the East Coast of Scotland approximately mid-way between Aberdeen,(circa 105 km (65miles) to the north and Edinburgh, circa 96 km (60miles) to the south) overlooking the Tay Estuary and has a resident population of circa 150,000 persons and a catchment of some 500,000 persons (Source: Dundee City Council).
Dundee is Scotland’s fourth largest City and is the regional centre for employment, services and retailing within Tayside.
The City has its own airport with daily flights to London (Heathrow) and sits on the main East Coast Railway Line which runs services into London (Kings Cross).
The ongoing regeneration as part of the waterfront development has been well documented and the opening of the V&A Museum has helped establish Dundee as a major regional centre.
The subjects are prominently located on the west side of Crichton Street between its junctions with High Street and Whitehall Crescent within Dundee City Centre.
This is a recognised and busy commercial location within the centre of the City and in close proximity to the ongoing waterfront development. The location provides an opportunity to benefit from the ongoing improvements to this part of Dundee.
Accommodation
Ground Floor – 56.4 SQ M (607 SQ FT).
Basement – 50 SQ M (537 SQ FT)
The foregoing areas have been calculated on a net internal area basis in accordance with the RICS Property Measurement Guidance (2nd Edition).
Terms
EPC - Awaiting confirmation.
RATEABLE VALUE - The premises have been assessed for rating purposes and are entered in the Valuation Roll for the current year at:
Net and Rateable Value: £15,700
The Unified Business Rate for the financial year 2023/2024 is 49.8 pence exclusive of water and sewerage.
LEASE TERMS - The property is available on a traditional full repairing and insuring basis for a negotiable number of years.
Rental offers over £14,000 per annum are invited.
LEGAL COSTS - Each party to bear their own legal costs in connection with this transaction with the ingoing tenant being responsible for any registration dues.
VAT - For the avoidance of doubt all prices quoted are exclusive of VAT, which will be charged at the current rate.
Specification
- PROMINENT LOCATION ON BUSY CITY CENTRE THOROUGHFARE
- CLOSE PROXIMITYTO WATERFRONT
- GROUND FLOOR ACCOMMODATION WITH STAFF KITCHEN, WCAND BASEMENT STORAGE
- RENTAL OFFERS OVER £14,000 PER ANNUMARE INVITED