Dundee is Scotland's fourth city and is located approximately 60 miles north of Edinburgh, 70 miles north east of Glasgow and 70 miles south of Aberdeen. The city benefits from a resident population of approximately 148,000 persons and an estimated catchment in excess of 600,000 persons within a 30 mile radius. The city also benefits from a sizeable student population of approximately 42,000 persons.
Dundee is currently undergoing a £1 billion waterfront redevelopment, with the impending opening of the £45 million V & A Museum due to open in 2018, leading the regeneration.
The premises are located within the prime section of High Street close to Murraygate and the Overgate Shopping Centre. Nearby occupiers include Greggs, H & M, Zara, Size?, Pandora, Optical Express, Costa Coffee and Barrhead Travel. The premises also benefit from a prominent corner location looking onto Commercial Street and Seagate where there are a number of bars and restaurants.
The premises comprise the ground and basement floors of a three storey sandstone building under a pitched and slated roof.
The gross internal areas are as follows:-
Ground Floor: 3,638 sq ft 337.98 sq m
Basement: 759 sq ft 70.50 sq m
The premises are entered into the 2017 Valuation Roll as follows:-
Rateable Value: £91,500
Commercial Rate Poundage: £0.492
(exclusive of water and sewerage rates)
The premises currently benefit from a Class 3 Restaurant Consent.
Offers over £79,000 per annum.
The premises are available on the basis of a new full repairing and insuring lease for a minimum period of 15 years subject to 5 yearly upward only rent reviews.
Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
A copy of the EPC and Recommendation Report can be provided on request.
Strictly by appointment through the joint agents.