The subjects comprise a ground floor retail/office unit forming part of an end terraced 2 storey block. The main walls are of solid stone construction whilst the roof over is pitched and laid in slate. The property has one large display window of single glazed design and access to the unit is by means of a timber/glazed pedestrian door.
Location
The subjects are located within Newport-on-Tay which has a population of 4,200 persons (source: Fife Council) and is positioned on the southern bank of the Tay Estuary within the region of Fife some 5 km (3 miles) from Dundee City Centre. It is reached from Dundee by means of the Tay Road Bridge.
Newport has a small but busy retailing area on the High Street and the subjects themselves are located on the fringe of this area in Cupar Road. Newport High Street recently won the ‘Rising Star’ category in the Great British High Street Awards 2018. Cupar Road is a primary access route from the east and north and as such the subjects benefit from good levels of regular traffic. In addition the subjects benefit from good levels of visibility from all directions.
The subjects are located in a mixed residential/commercial location with surrounding properties including a florist, optometrist, Little Charmers, Natural Energy Company, Manna Centre. There is on street parking directly outside the property and a car park opposite.
Accommodation
We calculate the subjects extend to approximately 25.39 Sq.M. (273 Sq.Ft.) on a Net Internal Area basis in accordance with RICS Property Measurement Professional Statement (First Edition, May 2015) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice (Sixth Edition)
Terms
RATEABLE VALUE The premises have been assessed for rating purposes and are entered in the valuation roll for the current year at: Rateable value: £3,650. The Unified Business Rate for the financial year 2018/2019 is 48 pence exclusive of water and sewerage. The subjects qualify for up to 100% business rates relief under the Small Business Bonus Scheme subject to eligibility.
PROPOSAL Our clients are seeking rental offers over £4,000 per annum.
ENERGY PERFORMANCE CERTIFICATE The property has a current Energy Performance Rating of: Further information and a recommendation report is available to seriously interested parties on request. VAT All prices are quoted exclusive of VAT; no option to tax has been exercised as the property owner is not registered for VAT.
LEGAL FEES The tenant is to meet the landlords legal expenses.
Specification
• Net Internal Area: 25.39 sq.m (273 sq.ft)
• Street parking adjacent
• Modern interior with staff kitchen and W.C.
• Suitable for a variety of uses (subject to local authority consent)
• Asking Rent: Offers Over £4,000 per annum