The available unit comprises part of a traditional four storey building comprising retail unit at ground floor with ancillary space and storage on upper floors. Rear service access is available directly off Commercial Street.
Location
The subject property is situated on the western side of Murraygate, one of the prime High Street retail pitches within the city. Murraygate, together with High Street, forms a link between the two city centre shopping centres, Wellgate and Overgate.
The subjects are in close proximity to the Dundee Waterfront Area which is currently undergoing a multi-million pound redevelopment comprising commercial and residential use to reconnect the city with the River Tay to the south. The Victoria & Albert Museum will form the central attraction of the Waterfront Area.
Dundee is the fourth largest city in Scotland, with a resident population of approximately 150,000 and a regional catchment population estimated at 330,000. Dundee sits on the east coast of Scotland, approximately 65 miles north of Edinburgh and a similar distance south of Aberdeen.
Accommodation
The subjects have the following approximate areas:-
Ground Floor Retail - 182 sq m (1,960 sq ft)
First Floor Office & Storage - 220 sq m (2,365 sq ft)
Second Floor Storage - 233 sq m (2,511 sq ft)
Third Floor Shell Condition - 213 sq m (2,297 sq ft)
TOTAL - 848 sq m (9,133 sq ft)
Terms
TERMS - The property is available by way of a new Full Repairing and Insuring lease incorporating five yearly upwards only rent reviews for a term to be agreed at offers over £55,000 per annum exclusive.
BUSINESS RATES - The Rateable Value (RV) for the property is £55,200 which results in an annual liability for the full financial year (2024/25) of £30,580.80.
VAT - All figures are quoted exclusive of VAT which is payable at the prevailing rate.
EPC - The property has an EPC “F” rating and a copy can be made available for review on application.
LEGAL COSTS - Each party will be responsible for their own legal costs incurred, with the ingoing tenant being responsible for any Land & Buildings Transactional Tax, recording dues and VAT as applicable.
Specification
- Prime retail unit froming part of prominent city centre corner site
- Adjacent occupiers inclulde Sense Scotland, Tesco, Refill Station and Bon Marche