Town Centre Location
High Passing Footfall
Ground & Basement
1,211sq ft
Let to Greggs Plc
Expiry: 4th July 2025
Passing Rent: £XXXp.a.
Fixed Price: £XXX
Location
The property occupies a prominent corner location on the corner of Murraygate and Cowgate, a busy pedestrianised section of Dundee city centre.
Dundee is Scotland’s fourth largest city with an estimated population of 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retailing and employment within Tayside, and is located on the east coast of Scotland with Aberdeen, Edinburgh and Glasgow all within 90 minutes’ drive time. The city has its own Airport with daily flights to London (Stansted Airport). Dundee Railway Station forms part of the main East Coast Railway Line, which runs services into London Kings Cross station.
The centre piece to the waterfront development is the V&A Dundee an International Centre for Design in Scotland, the first design museum built in the UK outside London.
The property sits adjacent to the Wellgate Shopping Centre with immediate and surrounding operators including Holland & Barratt, Tesco, Marks & Spencer with a further national offering within the Wellgate Shopping Centre.
Property
The property comprises a mid terraced, commercial property formed over ground floor and basement set within a larger 5 storey development of traditional sandstone construction surmounted by a pitched roof.
The subjects under consideration offer a prominent frontage of aluminium framed and glazed construction with dual display windows flanking the double door entrance.
Internally the property is fitted out to a high standard in accordance with the tenants corporate requirements, floors are overlaid in laminated timber with lighting provided by way of halogen and L.E.D. spot lights recessed within the suspended acoustic tile ceiling, with access to the basement provided by way of a single staircase. The basement offers w.c. facilities, staff room and storage.
Area
The property has been measured on a net internal area basis and calculated to extend to the following floor area;
Ground: 52.79sqm (568sq ft)
Bsm: 59.74sqm (643sq ft)
Total: 112.53sqm (1,211sq ft)
Lease Summary
The property is held on a full repairing and insuring heads lease on the following terms;
Tenant: Greggs Plc
Expiry: 4th July 2025
Passing Rent: £XXXp.a.
Further: The tenant did not exercise their 2020 break option, which given overall market conditions during the pandemic shows the confidence in their business in the area.
Price
The property is available for a fixed price of £XXX
V.A.T.
Figures quoted are exclusive of V.A.T.
E.P.C.
A copy of the E.P.C. will be made available for any interested party
Title & Lease
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.