The property comprises a second floor office suite within a Category ‘C’ listed 4½ storey commercial terrace with retail shops on the ground floor. The property is of stone construction, under a pitched roof overlaid with state and has a decorative façade.
Internally, the property comprises an entrance hallway with three offices, together with a larger open plan office and a waiting room/reception.
The property has 3.1 m ceiling heights, period features and has been redecorated and carpeted throughout and are ready for immediate occupation.
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 Amsterdam and sits on the main East Coast Railway Line which runs services into London (Kings Cross).
All the foregoing forms part of the Dundee Waterfront Project which with the benefit of circa £1 billion of investment seeks to transform Dundee into a world class destination for visitors and business. The project will be anchored by the V&A at Dundee an international centre of design which is expected to encourage significant numbers of visitors to Dundee.
The subject property is located on the southern side of Commercial Street, between its junctions with High Street and Albert Square. Neighbouring occupiers include Jack Hair Dressing, The Keiller Centre, National Express, Cash Generator and Nicholls Bar.
Accommodation
We calculate the subjects extend to 84.62 SQ.M (907 SQ.FT) on a gross 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:
Net and Rateable Value: £3,850.
The proposed 2017 revaluation is £3,500.
The Unified Business Rate for the financial year 2016/2017 is 48.4 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.
PROPOSAL
Our clients wish to lease the property for a term of years to be negotiated.
Offers in excess of £5,500 are invited for the lease of the premise.
ENERGY PERFORMANCE CERTIFICATE
Awaiting confirmation.
VAT
For the avoidance of doubt all prices quoted are exclusive of VAT.
LEGAL FEES
Both parties shall be responsible for their own legal costs with the ingoing tenant assuming responsibility for LBTT and registration dues.
PLANNING
We understand that the property benefits from Class 4 Business Use, although other uses may be possible subject to the relevant planning consent.
Specification
- 100% Rates Relief
- Easy Access to Trunk Road Links
- Spacious and Bright Office Accommodation
- Prime Location
- Cellular offices
- Class 4 use
- Net internal area 84.62 sq m (907 sq ft)