The subjects form part of a Category ‘A’ Listed, traditional 4 storey, attic and basement mid terraced tenement.
The property occupies the first floor of the tenement and offers spacious office space with the large timber framed sash and case windows with dual aspects to the east and west provide good levels of natural lighting throughout. The property benefits from a gas fired central heating system.
The current configuration comprises; 6 principle rooms, a reception area and corridor, kitchen, and separate WC’s.
Location
Dundee is located on the East Coast of Scotland approximately mid-way between Aberdeen, circa 105 km (65 miles) to the north and Edinburgh, circa 96 km (60 miles) to the south overlooking the Tay Estuary and has a resident population of circa 155,000 persons and a catchment of some 235,000 persons (Census 2011).
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 (Stansted Airport) 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, with significant investment within the City Centre.
The subjects are located approximately mid way along the busy commercial thoroughfare of Commercial Street. Neighbouring properties include a variety of nationally recognised retailers including Zara and Accessorise.
Accommodation
We calculate the subjects extend to approximately 147 Sq.M. (1,583 Sq.Ft.) on a Net Internal Area basis in accordance with RICS Property Measurement Professional Statement (Second Edition, May 2018) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice (Sixth Edition).
Terms
SERVICES
The property is understood to connect to mains supplies of water, gas and electricity and drain into the main sewer.
RATEABLE VALUE
The premises have been assessed for rating purposes and the current rateable value is £11,500.
The Proposed Unified Business Rate for the financial year 2018/2019 is 48 pence exclusive of water and sewerage.
May qualify for relief under the small business bonus scheme. (up to 100% reduction on properties with a rateable value of under £10,000). Please contact us for further details.
ENERGY PERFORMANCE CERTIFICATE
Awaiting assessment.
PROPOSAL
Offers in excess of £100,000 are invited.
LEGAL COSTS - Both parties shall be responsible for their own legal costs with the ingoing tenant responsible for any Land and Buildings Transaction Tax (LBTT) and registration dues etc.
VAT
For the avoidance of doubt all prices quoted or discussed are exclusive of VAT.
PLANNING
The property has previously benefited from residential planning consent for conversion to an apartment. Any enquiries regarding planning should be made to Dundee City Council.
Specification
- 100% Rates Relief
- Development Potential
- Suitable For a Range of Uses including, Professional, Office, Salon and Surgery (Subject to Planning)
- Net Internal Area 147 Sq.M. (1,583 Sq.Ft.) or thereby