The subjects comprise a mid terraced office / retail unit forming part of a parade of six other units. The subjects have recently been rebuilt. The main walls are of brick construction under a pitched roof overlaid in tiles with a flat section to the front. Internally, the floors are of solid construction. The shop is in shell condition internally
Location
Dundee is located on the East Coast of Scotland approximately mid way between Aberdeen (circa 105 kilometres (65 miles) to the north) and Edinburgh (circa 96 kilometres (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 forth 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
Ground 35.8 sq m (385 sq ft )
Total 35.8 sq m (385sq ft )
Terms
RATEABLE VALUE The premises have been assessed for rating purposes and are entered in the Valuation Roll for the current year at: Rateable Value: £0 (Will require to be reassessed following completion of works, The Unified Business Rate for the financial year 2022/2023 is 49.8 pence exclusive of water and sewerage. The property may qualify for Small Business Bonus Scheme providing rates free for qualifying businesses. Parties should make their own enquiries in this regard. Further information can be found at: Small Business Bonus Scheme - mygov.scot”
EPC Copy available on application.
PROPOSAL Our client is seeking offers to lease the premises on a Full Repairing and Insuring basis, for a term of years to be negotiated. Offers over £6,000 per annum are invited.
VAT For the avoidance of doubt all prices quoted are exclusive of VAT, which will be charged at the current rate.
LEGAL COSTS Each party to bear their own legal costs in the connection with this transaction with the ingoing tenant being responsible for any registration dues and VAT thereon
MONEY LAUNDERING The money laundering, terrorist financing and transfer of funds (information on the payer) regulations 2017 came into force on the 26th June 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
- POPULAR LOCATION
- BUSY THOROUGHFARE
- GIA: 35.8 SQ M (385 SQ FT)
- RATES FREE FOR QUALIFYING PARTIES
- ASKING RENT: OFFERS OVER £6,000 PER ANNUM >
- DENSELY POPULATED AREA
- SUITABLE FOR A VARIETY OF USES