Address: 19 Reform Street
Size: 165.18m² (1,778ft²)
Price: £On Application

TO LET/ FOR SALE

RETAIL / RESTAURANT OPPORTUNITY
WITH CLASS 1 & 3 CONSENT

Location

Dundee is located on the east coast of Scotland approximately mid
way between Aberdeen, circa 105 km (65 miles) and Edinburgh,
circa 96 km (60 miles) to the south overlooking the Tay Estuary and
has a resident population of 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 City has it's
own  airport with daily flights to London (Stanstead) and sits on the
main East Coast Railway Line which runs services into London(Kings Cross).

The ongoing regeneration as part of the waterfront development has
been well documented and the opening of the V&A Museum has
benefitted the Dundee economy in terms of an extra £21 million in
tourism revenue in 2019, helping establish Dundee as a major regional
centre. In addition to this Dundee has seen significant investment
within the renewable energy and decommissioning sector.

Local major employers include DC Thomson's, BT, Dundee Council,
Dundee University and Abertay University, all of which are located a
short distance from the subjects.

Reform Street is a busy traditional retail thoroughfare within the City Centre.

The subjects lie in close proximity to Overgate Shopping Centre, the
principle retail destination in Tayside. Other nearby occupiers include
McDonald's, Skipton, Boots, Primark and Chisholm Hunter together
with a number of other local retail and licensed/leisure operators.

Description

The subjects form part of a Category 'B' Listed building with the upper
parts in office use.

The shop itself is formed over ground and basement levels only
between McDonald's and Skipton Building Society and benefits
from an extensive double frontage.

To the front the pavement offers the opportunity (subject to licence)
for on street seating.

The ground floor provides a clear open space with existing disabled
facilities, whilst the basement affords  storage, staff and associated
offices, together with further male and female WC's.

Net Frontage                                                                        9.02m   29’7”
Ground Retail / Restaurant area and Disabled WC     90.58m²  (975ft²)
Basement Office, Stores, Staff and WCs                        74.60m² (803ft²)

Total                                                                                  165.18m² (1,778ft²)
ITZA                                                                                      96.90m² (1,043ft²)

Planning

The premises are suitable for Retail, Financial or Restaurant use and
benefit from an existing Class 3 consent. The property also enjoys an
existing on-sales drinks licence.

Tenure

The premises are available on a new lease for a minimum term of 10
years subject to periodic rent reviews.

Alternatively our client is prepared to consider a sale with full
vacant possession.

Business Rates

Rateable Value                      £41,700
Estimated rates Payable      £20,433

Interested parties are advised to seek verification from the Tayside Assessors.

Rent/Price

Full terms are avaialable on application to the joint agents.

Legal Costs

Each party to be responsible for their own legal costs. In the event of a
lease the ingoing tenant will be responsible for any SDLT.

EPC

The property has an 'F' rating. A copy of the certificate is available to interested parties.

VAT

The property is elected for VAT which be payable on any rent or purchase price.

Money Laundering Regulations

To comply with Money Laundering Regulations we are legally required
to undertake due diligence on prospective purchasers/tenants which
will at a minimum include proof of identity /address and funding.
Applicable documentation will therefore be required on agreement
of Heads Of Terms.

Further Information

For viewings and further information please contact this office.