The subjects comprise a ground floor and basement retail unit most recently occupied by a Property Management and Factoring Agent.
The unit forms part of a traditional category ‘B’ listed corner tenement of stone construction with a pitched timber and slated roof incorporating dormer projections at attic level. Floors are a mix of suspended timber and solid construction. The frontage contains a single glazed aluminium window and door set.
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 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 Belfast 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 construction of the V&A Museum will help establish Dundee as a major regional centre.
Accommodation
GROUND 41.43 sq m (446 sq ft )
BASEMENT 27.19 sq m(293sq ft )
TOTAL 68.62 sq m (739sq ft )
Terms
RATEABLE VALUE The subjects are currently in the Valuation Roll for local rating purposes as follows: Rateable Value - £16,700 (2023). Rates payable for 2024/2025 - £6,944 (assuming occupier qualifies for Small Business Bonus Relief). The subjects however qualify for Fresh Start Relief and the occupier will be entitled to 100% relief for the first 12 months.
ASKING PRICE (RENT) Offers of £150,000 will be considered (£15,000 per annum).
VAT VAT is not currently charged.
EPC The EPC rating is G.
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction.
Specification
- IN CLOSE PROXIMITY TO DUNDEE UNIVERSITY CAMPUS AND NEW BT CALL CENTRE (UNDER CONSTRUCTION)
- SMALL BUSINESS TRANSITIONAL RELIEF MAY BE AVAILABLE
- FRESH START RELIEF AVAILABLE TO NEXT OCCUPANT. NO RATES PAYABLE FOR FIRST 12 MONTHS