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Newsagency Business For Sale, 30 Gardner Street, Dundee, DD3 6DR

825 Sq Ft / Retail

For Sale - £155,000.00

Available - Last updated: 04 February 2019

The subjects comprise the ground and basement floors within a 4 and half storey stone built tenement with private residential accommodation above. The property benefits from a prominent frontage to both Gardner Street and Campbell Street and internally provides good open plan accommodation. A hatch within the floor provides access to basement storage.

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 155,000 persons and a catchment of some 235,000 persons (Census 2011). 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 (Stansted Airport) 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 construction of the V & A Museum will help establish Dundee as a major regional centre. The property is prominently located on the west side of Gardner Street at its junction with Campbell Street approximately 1 mile to the north west of Dundee City Centre. Gardner Street is a vehicular route linking Lochee Road to the south with Harefield Road and Strathmore Avenue to the north. On street car parking is available within the immediate vicinity.

Accommodation

Ground Floor - 47.61 sq. m. (512 sq. ft.)

Basement - 29.05 sq. m. (313 sq. ft.)

Total - 76.66 sq. m. (825 sq. ft.)

Terms

RATEABLE VALUE The subjects have been assessed for rating purposes at a Rateable Value of £5,000. The unified business rate for 2017/2018 financial year is 46.6p. As such the property currently benefits from 100% rates relief.

ENERGY PERFORMANCE CERTIFICATE Awaiting further details.

TERMS Our client is seeking offers in the region of £155,000 for their business and freehold interest. Alternatively rental offers in the region of £9,000 per annum for a negotiable term of years is invited, with premium of £55,000 payable for business goodwill.

BUSINESS Established newsagents business with trading information available to genuinely interested parties. VAT Prices are quoted exclusive of VAT if applicable

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 on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will require to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.

Specification

• Excellent opportunity to acquire established newsagents business including property.
• Offers in the region of £155,000 for property and business.
• Rental offers of £9,000 per annum plus premium of £55,000 for business/goodwill
• 100% rates relief

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale £155,000.00 NA

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Jonathan Reid

Shepherd Commercial

01738 590065



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