The subjects comprise a former church premises which provides accommodation on three levels. The property is currently fitted out as a mixed martial arts gym. The subjects are regular in their configuration internally, occupied by Dundee Mixed Martial Arts Use and Community Sports Association.
( Agency Pilot Software ref: 40421 )
Location
Dundee, The City of Discovery, is Scotland’s fourth largest City and is set in a stunning location at the mouth of the River Tay. Dundee commands a strategic position within the communications network of Scotland with excellent road and rail connections to other principal cities and 90% of the country’s population within 90 minutes drive. Dundee also has its own Airport providing daily scheduled flights to London. Dundee is currently undergoing a £1 billion transformation of its Waterfront, which comprises circa 240 Hectares of development land, a new state of the art Train Station and the newly opened V&A Museum of Design
Accommodation
Hall 474.03 sq ft (5,102sq m )
Terms
OPPORTUNITY The property may suit alternative future uses, such as residential conversion, subject to obtaining the appropriate consents.
EPC Available upon request.
RATEABLE VALUE The subjects are entered in the Valuation Roll at a Rateable Value of £31,100. The unified Business Rate 2020/2021 is XXX excluding water and sewage rates.
PRICE We are instructed to invite offers in the region of £180,000, exclusive of VAT for the property. A purchase at this level would show a NIY of 8.17%
LEGAL COSTS Each party will be responsible for their own legal costs.
VAT For the avoidance of doubt all figures quoted are exclusive of VAT and accordingly VAT will be payable on the purchase price, although we anticipate the sale will be treated as a TOGC.
Specification
• Let to Dundee Mixed Martial Arts Use and Community Sports Association
• Lease renewal 31/01/2019 for 5 years
• Stepped rent from £15,000 per annum
• GIA 474.03 sq m (5,102 sq ft)