The subjects comprise the second and third floors of a prominent and attractive traditional tenement situated within the heart of Whitehall Street. The premises have recently been partially refurbished. The offices enjoy spectacular views across Whitehall Street and the Dundee Waterfront Zone.
Location
The subjects are located within the heart of the Dundee Waterfront, part of a £1 Billion upgrade "to transform the city of Dundee into a world leading waterfront destination for visitors and businesses"- Dundee Waterfront Vision. The recently opened Mal Maison hotel is located nearby as are a number of popular restaurant venues including Nando's. The Overgate shopping centre is located to the immediate North.
Accommodation
The internal accommodation at second floor provides eight private meeting rooms five of which are West facing across Whitehall Street. The premises also benefits from disabled accessible toilet facilities which have been recently upgraded together with two kitchen facilities at either end of the office floor.
The third floor is divided into 2 self-contained offices with 7 offices, 2 kitchens and 2 wc's.
We estimate the internal floor area to be as follows:
Second Floor - 1,848 sq ft
Third Floor - 1,848 sq ft
Terms
The subjects are available to purchase with the benefit of the existing lease which can be summarised as follows:
2/0 - Let to Trussel Trust until 1/2/19 at £9,000 per annum.
3/1 - Let to Home Start until 28/2/18 at £7,000 per annum.
3/2 - Let to Home Start until 30/9/16 at £4,500 per annum.
The premises produce a rent income of £20,500 per annum.
Business Rates
The premises have been assessed by the local authority with a rateable value of £25,200, with rates payable being £12,196.80. Ingoing tenants may qualify for discounts up to 100% under the terms of the Small Business Bonus Scheme, subject to meeting qualifying criteria.
Service Charge:
£450 per month Recovered from the tenants
Price
£200,000.00
Energy Performance Rating
Following third party assessment, we understand that the energy performance rating for this property has been graded as 148(F). A copy of the Energy Performance Certificate is available on request from the agents.
Specification
- ATTRACTIVE TRADITIONAL LAYOUT
- FRESHLY DECORATED AND CARPETED THROUGHOUT
- MODERN HEATING SYSTEM
- LIFT ACCESS FROM GROUND FLOOR
- CONVERSION POTENTIAL AT LEASE EXPIRY