The subjects are located on the east side of Union Street, one of the busy retail parades close to the heart of the City and, as such, are well located for all City Centre amenities including public transport and car parking. The subjects are located slightly to the south of the retail core and occupiers in close proximity include a range of local and national commercial users such as Henderson Jewellers and Goodfellow and Steven.
Location
Dundee is Scotland’s fourth largest city situated 92 kilometres (57 miles) north of Edinburgh, 129 kilometres (80 miles) north of Glasgow and 105 kilometres (65 miles) south of Aberdeen. It has a population of approximately 142,000 and a catchment of some 640,000 persons within a 60 minute drive (source: Dundee City Council) and benefits from excellent communication links via the road and rail networks.
The £1 billion transformation of Dundee City waterfront, which encompasses 240 hectares of development land stretching 8km along the River Tay, is a strategic, focused and forward looking 30 year project (2001-2031). The V&A’s new £45 million design museum, V&A at Dundee, is due to open in 2017. Hotels, businesses and retailers will benefit from the ongoing city transformation.
Accommodation
By our calculations the accommodation extends to the following,
Ground Floor - Retail and W.C - 448 sq ft
Basement - Storage - 436 sq ft
Total 884
The foregoing areas have been calculated on a net internal area basis in accordance with 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: £12,700.
The Unified Business Rate for the financial year 2014/2015 is 47.1 pence exclusive of water and sewerage.
ENERGY PERFORMANCE CERTIFICATE
Awaiting confirmation.
PROPOSAL
Our clients are seeking to lease the property on traditional full repairing and insuring basis for a negotiable period. Rent Offers over £14,000 Further details upon application.
LEGAL COSTS
The ingoing tenant shall be responsible for our clients reasonably incurred legal costs, stamp duties (SDLT) and registration dues etc.
Specification
• SUITABLE FOR A VARIETY OF RETAIL OR OFFICE USES (SUBJECT TO LOCAL AUTHORITY CONSENTS)
In close proximity to:
• OVERGATE SHOPPING CENTRE
• BUS AND TAXI DROP OFF/PICK UP POINTS
• DUNDEE TRAIN STATION