The subjects comprise the ground floor of a 4 storey mid-terrace building, formally occupied by the Crown Post Office.
The unit is directly accessed from Meadowside and comprises a regular shaped retail area with ample office/ storage space, with Staff Kitchen and WC facilities formed to the rear.
Internally the subjects are laid out with ground floor retail space and back office area and benefits from excellent window frontage onto Meadowside.
Location
Dundee is located on the East Coast of Scotland overlooking the Tay Estuary and has a resident population of circa 155,000 persons and a catchment of some 235,000 persons (Census 2011). Dundee is Scotland's fourth largest City and is the regional centre for employment, services and retailing within Tayside.
The ongoing regeneration as part of the water front development has been well documented and the opening of the V & A Museum in September 2018 is expected to significantly increase tourism and will help establish Dundee as a major regional centre.
Meadowside is a prominent street in the City Centre of Dundee that is in close proximity to several large employers including BT, DC Thomson, Police Scotland and Dundee Council. This busy thoroughfare is directly opposite the Howff, a popular tourist attraction and close to Overgate Shopping Centre, the principle retail destination in Tayside.
Accommodation
Ground Floor - 3,450 sq ft
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: £39,900.
Rates Payable: £18,593.40
The Unified Business Rate for the financial year 2017/2018 is 46.6 pence exclusive of water and sewerage.
PROPOSAL
The subjects are available on a sub-lease or assignation with incentives available depending on covenant.
Price is available on application.
ENERGY PERFORMANCE CERTIFICATE
Awaiting assessment.
VAT
For the avoidance of doubt all prices quoted are exclusive of VAT.
PROFESSIONAL FEES
Both parties shall be responsible for their own legal costs with the ingoing tenant assuming responsibility for LBTT, registration dues and management charges, where applicable.
PLANNING
We are advised the premises currently benefits from Class 1 (Retail) consent.
The property may be suitable, subject to planning, for a range of uses including Class 3 (Hot food) use and all interested parties should make their own inquiries with regard to Dundee Council Planning Department to satisfy themselves with regard to the current planning position.
Specification
- Prime City Centre Location
- Potential for Class 3 (Hot Food) Consent, subject to planning
- Rent – POA
- Excellent Retail Frontage
- Ground floor –320.55 sq.m (3,450 sq.ft)