The subjects comprise former bank premises which have recently been refurbished to a high standard to create a hairdressers and beauty salon within a detached single storey building of brick construction. There is off street-car parking and a garage store to the side of the premises. The property is accessed from the front elevation into an open plan retail area with associated treatment rooms, staff kitchen, storage and toilet facilities.
Location
Dundee is located on the East Coast of Scotland approximately mid way between Aberdeen (circa 105 kilometres (65 miles) to the north) and Edinburgh (circa 96 kilometres (60 miles) to the south) overlooking the Tay Estuary and has a resident population of circa 155,000 persons and a catchment of some 235,000 persons (Source: Focus).
Dundee is Scotland’s forth largest City and is the regional centre for employment, services and retailing within Tayside. The City has its own airport 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 construction of the V&A Museum has established Dundee as a major regional centre
Accommodation
208 SQ M (2,240 SQ FT)
Terms
RATEABLE VALUE The property has been assessed for rating purposes at £15,000. The tenant therefore qualifies for 100% rates relief. EPC EPC Rating of “E”– Available upon request
PROPOSAL The subjects are being offered for sale at offers over £285,000 which represents a net initial yield of 8.19% VAT Prices are quoted exclusive of VAT.
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction with the ingoing tenant being responsible for any registration dues and VAT thereon.
MONEY LAUNDERING The money laundering, terrorist financing and transfer of funds (information on the payer) regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also and any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can
Specification
- PROMINENT, BUSY AND FULLY OCCUPIED COMMERCIAL LOCATION ADJACENT TO KINGSWAY
- RECENTLY REFURBISHED SALON PREMISES (FORMER BANK)