The subjects comprise a ground, first and basement level retail unit contained within a traditionally constructed mid terraced building. The property has the benefit of a large glazed modern double frontage directly onto High Street.
The subjects are occupied by Black Sheep Coffee and as such are fitted out in connection with the corporate brand.
Ground floor level comprises the Cafe with WC facilities. The layout is modern and open plan.
Upper floors and basement level are utilised for storage and staff facilities.
( Agency Pilot Software ref: 53344 )
Location
Dundee is Scotlands 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
Accommodation
256.38 sq.m (2,760 sqft).
Terms
RATEABLE VALUE The subjects have a Net and Rateable Value of £41,900 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 of £450,000 are invited for the Heritable Title, subject to the lease agreement in place. A purchase at this level represents a NIY of 9.59%.
LEGAL COSTS + VAT Each party to bear their own legal costs associated with this transaction. The subjects are elected for VAT. It is anticipated that the sale of the property will be treated as a TOGC (Transfer of a Going Concern) and therefore no VAT will be payable. Interested parties should make their own enquiries in this regard.
Specification
- Income Producing Retail Property
- City Centre Location
- Let To Black Sheep Coffee
- Lease Expiring June 2038 (Subject To Break Option)
- Passing Rent £45,000 Per Annum
- Offers Of £450,000 Are Invited
- NIY 9.59%