The subjects comprise a Category ‘B’ Listed building, the accommodation occupying the entire basement, ground, first, second, third, and attic floors of the property known as 43 & 45 Reform Street with upper floor linkages into the common access and stair known as 41 Reform Street. The basement, ground, and first floors are configured for retail purposes. The second floor is configured as a workshop. The third and attic floors are in shell form.
Location
Dundee is located on the East Coast of Scotland approximately mid-way between Aberdeen, circa 105 km (65 miles) to the north and Edinburgh, circa 96 km (60 miles) to the south, overlooking the Tay Estuary, and has a resident population of circa 150,000 persons and a catchment of some 500,000 persons (Source Dundee City Council. 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 (Heathrow) and sits on the main East Coast Railway Line which runs services into London (Kings Cross)
Accommodation
45 Basement 980 sqft
Ground Floor816 sqft
Terms
Lease Details 45 Reform Street is let to Oxfam until 8th July 2025 at a current rent of £25,000 per annum. The remainder of the building benefits from Vacant Possession.
Proposal Offers of £295,000 are invited.
Plans for residential conversion of upper floors can be made available to seriously interested parties.
VAT We are advised the property has not been elected for VAT purposes and that VAT will not be charged.
Legal Costs Each party to bear their own legal costs in the connection with this transaction.
Specification
- Ground Floor let to Oxfam.
- Extensive retail space over basement, ground, first and second floor levels.
- Upper floors stripped out.
- Suitable for a range of uses (with consents).
- Opportunity to create residential apartments over retail shop/office units in established City Centre location.
- Price - £295,000