To Let. Well located city centre retail unit. Fronting main pedestrian thoroughfare between Overgate Centre and V&A / Railway Station. Bright retail area with staff kitchen and WC facilities. Concrete stair down to the basement storage. Lease available via assignation / sub lease. Passing Rent - £12,000 per annum.
Location
Dundee, Scotland's fourth largest City with a resident population of circa 150,000 persons (National Records of Scotland) 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). The city benefits from excellent transport links, with daily flights to London (City Airport) and Belfast (from 2020) and rail services into London (Kings Cross).
The ongoing Dundee Waterfront £1 Billion re-development has attracted major investment into the city with the opening of the V & A Museum in September 2018, significantly contributing to Dundee’s growth as a major business and tourism centre. Union Street is a busy secondary retail location situated just south of Overgate Shopping Centre and forms the principle pedestrian link between the City Centre and the central waterfront redevelopment area where the V & A Museum and the City’s railway station are located. Surrounding properties comprise a mix of national, regional and local retailers and service providers.
Accommodation
884 SQFT (82.14 SQM)
Terms
The subjects are currently held under a Full Repairing and Insuring Lease with a passing rent of £12,000 per annum until 7th March 2026. The current Lease could be assigned, or a new Lease may be prepared. Our clients are seeking to arrange disposal of their lease obligations via assignation or sub-lease. Please call for further details.
RATEABLE VALUE The subjects are currently in the Valuation Roll for local rating purposes as follows: Rateable Value - £14,000 The unified business rate for the financial year 2025/2026 is 49.8p The subjects qualify for 50% rates relief under the Small Business Bonus Scheme.
ENERGY PERFORMANCE CERTIFICATE The EPC rating for the subject is E
VAT Vat is not currently charged
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction.
Specification
- WELL LOCATED CITY CENTRE PREMISES
- FRONTING MAIN PEDESTRIAN THOROUGHFARE BETWEEN OVERGATE CENTRE AND V&A / RAILWAY STATION
- NIA –884 SQFT (82.14 SQM)
- LEASE AVAILABLE VIA ASSIGNATION / SUB LEASE
- QUALIFIES FOR 50% SMALL BUSINESS BONUS RATES RELIEF SCHEME