Office/retail unit planned over ground and part first floors within a two storey mid terraced building.
The subjects have a modern frontage [incorporating a Royal Bank of Scotland ATM facility] and internally provide generally open plan accommodation.
The first floor over is occupied by a dental practitioner.
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 fourth largest City and is the regional centre for employment, services and retailing within Tayside.
The City has its 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 water front development has been well documented and the proposed construction of the V & A Museum will help establish Dundee as a major regional centre.
Lochee is a densely populated District situated some 5 km (3 miles) north west of the City Centre.
The subjects are located within the District Centre on the east side of High Street adjacent to a good mix of national and local retailers, office occupiers and hot food takeaway type traders including Boots, Greggs, William Hill, Poundstretcher, Santander, Superdrug and Clarks (Bakers) to name a few.
Accommodation
Ground Floor - Entrance vestibule, open plan office/retail space with kitchen and male and female w.c. facilities. - 308 sq m (3,315 sq ft)
First Floor - Vestibule and tank storage.
Total - 308 sq m (3,315 sq ft)
Terms
Rateable Value
The premises have been assessed for rating purposes and are entered in the Valuation Roll for the current year at: Net Rateable Value - £34,500.
The unified business rate for the financial year 2014/2015 is XXX exclusive of water and sewerage.
The property will require to be reassessed following completion of the proposed redevelopment (see below).
Energy Performance C ertificate
The property has an Energy Performance Rating of: To be advised.
Further information and the recommendation report can be made available.
Proposed Development
The dental surgery above which is also owned by our clients is earmarked for refurbishment and extension into the rear first floor area of the subjects.
Following upon completion of the proposed works the rear car park will be shared between the units.
Further details can be made available.
Proposal
Our clients are seeking offers for their heritable interest.
VAT
We are advised that VAT will not be charged on the purchase price.
Specification
• Substantial office/retail unit in prime High Street location.
• Suitable for retail use or continuation of existing office use.
• Private staff/customer car park/delivery facility at rear.
• Net internal area 308 sq. m. (3,315 s q. ft.).
• To be sold with benefit of ATM lease to Royal Bank of Scotland.
• Free public car parking nearby.