The subjects comprise a retail unit over ground floor contained within a two storey stone built property which extends into a neighbouring four storey stone-built tenement building. Entry is via a recessed single pedestrian door forming part of a traditional frontage onto Dura Street.
The window frontages are protected via steel roller shutters. Internally the subjects currently operate as a local supermarket with typical racked shelving and a large glass display counter. To the rear there is a staff toilet. The subjects extend into a neighbouring property to the east to provide further retail space along with cold storage.
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 (Source: Focus). 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) and sits on the main East Coast Railway Line which runs services into London (Kings Cross)
Accommodation
102.66 SQ,M. (1,105 SQ,FT.)
Terms
Our client is seeking offers over £60,000 for their heritable interest. The subjects are currently let at a passing rent of £6,000 per annum continuing via tacit relocation. Further details upon request.
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: £10,200 The Unified Business Rate for the financial year 2024/2025 is 49.8 pence exclusive of water and sewerageProspective purchasers/lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
PUBLICATION DATE OCTOBER 2024
ENERGY PERFORMANCE CERTIFICATE To be confirmed.
VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of VAT.
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction.
MONEY LAUNDERING The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, came into force on the 26th July 2017. This now requires us to conduct due diligence not only on our client but also and any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/ occupier(s) will need to provide as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.
Specification
- CURRENT RENTAL INCOME OF £6,000 PER ANNNUM ON YEARTO-YEAR ROLLING LEASE
- ON BUSY THOROUGHFARE WITH ON STREET PARKING OUTSIDE
- NET AREA: 102.66 SQ,M. (1,105 SQ,FT.)
- OFFERS OVER £60,000