The subjects comprise a ground and first floor retail unit contained within a traditionally constructed mid terraced building. The property comes with an area of ground/car parking to the rear.
Access to the property is directly off Nethergate. The subjects are occupied by Barrie Dear Ltd (Pharmacy) and as such are fitted out in connection with the business carried on therein.
Ground floor accommodation is mainly retail in its nature with the upper floors being utilised for office/storage.
At the time of inspection the property was undergoing refurbishment works internally.
( Agency Pilot Software ref: 52813 )
Location
Dundee is Scotland’s fourth largest city with an estimated population of approximately 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retail and employment within the Tayside region and is located on the east coast of Scotland with 90% of the country’s population within a 90 minutes’ drive time. More precisely, the property sits on the north side of Nethergate, close to its junction with Marketgait/West Marketgait. The subjects sit on a busy thoroughfare linking the city centre to the west end. The property sits within a vibrant mixed use area with surrounding operators including, Dundee Contemporary Arts (DCA) Rep Theatre, The University of Dundee and Overgate Shopping Centre
Accommodation
Ground Pharmacy & Dispensing 130.69 sq (1,407 sq ft )
First Staff/Storage 48.94sq m ( 527 sq ft )
TOTAL 179.63sq m ( 1,934sq ft )
Terms
RATEABLE VALUE The subjects have a Net and Rateable Value of £34,500 The unified business rate for the year 2024/2025 is 49.8p exclusive of water and sewerage rates.
EPC Available from the Sole Selling Agents.
PRICE Offers in the region of £375,000 are invited for the Heritable Title, subject to the lease agreement in place. A purchase at this level represents a NIY of 8.28%.
LEGAL COSTS + VAT Each party to bear their own legal costs associated with this transaction. The subjects have not been elected for VAT purposes therefore VAT is not payable on the purchase price.
Specification
• Income producing retail property
• Attractive period building with parking
Let to Barrie Dear Ltd
• Lease expiring April 2039 (subject to breaks)
• Passing rent £32,200 per annum
• Offers in the region of £375,000
• NIY 8.28%