The subjects comprise an extensive unit contained within a Category ‘B’ Listed building. The property has a double frontage and access is by means of a recessed doorway.
A substantial refurbishment has just been completed and the property is available for early occupation.
Location
Dundee is Scotland’s fourth city and the regional retail, service and employment centre in Tayside and sits 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 some 155,000 persons and a catchment of some 460,000 persons within 45 minutes drive time (source: Callcredit).
The city has its own airport with flights to London (Stansted), Amsterdam and Jersey and sits on the east coast railway line which runs services to London (Kings Cross).
Dundee is in the midst of a £1 billion redevelopment of its waterfront which includes the introduction of the V & A Museum of Design Dundee which is under construction and is due to open in 2018.
The subjects are situated on the east side of Whitehall Street close to its junction with Nethergate and High Street a short distance south of Overgate Shopping Centre, the principal shopping destination in Tayside which is anchored by Debenhams and contains many national retailers including Next, Argos, Boots, H&M, JD Sports, Sports Direct, New Look and Primark to name a few.
Surrounding occupiers within Whitehall Street include CEX, Tiso, Fisher & Donaldson and William Hill. There are a number of restaurants in the street including Papa Joes, Torino and Jimmy Chungs.
Whitehall Street connects with Whitehall Crescent at its south end where a number of professional service providers are located including solicitors and estate agents. Whitehall Crescent in turn links into the central waterfront area.
Accommodation
Ground - Substantial retail area, and stairs to basement level - 1,785 sq ft
Basement - Spacious multi-purpose accommodation and male and female toilet facilities - 1,947 sq ft
Total - 3,732 sq ft
The property has a frontage in the region of 9 Metres (30 Feet).
The foregoing areas have been calculated on a net internal area basis in accordance with the RICS Code of Measuring Practice (Sixth Edition).
Terms
RATEABLE VALUE
The premises have been assessed for rating purposes and are entered in the Valuation Roll for the current year at:
Net and Rateable Value: £38,000.
The Unified Business Rate for the financial year 2014/2015 is 48.2 pence exclusive of water and sewerage. A new tenant has the right to appeal the rateable value for a period of up to 6 months after taking occupation.
PROPOSAL
Our clients wish to lease the subjects for a negotiable term of years.
Rent - £30,000
LEGAL COSTS
Each party shall be responsible for their own legal costs with the ingoing tenant responsible for any Registration Dues and Land and Building Transaction Tax.
VAT
The rent quoted is exclusive of VAT.
Our client has not elected to waive VAT exemption and VAT is not currently charged.
ENERGY PERFORMANCE CERTIFCATE
Energy Performance Rating - G
Specification
- Available for Class 1 (Retail) or Class 2 (Financial, Professional or other service expected in shopping area)
- Possibility of change of use to Class 3 (Food and Drink)
- Substantial retail property extensively refurbished in 2016
- Asking rent £30,000 per annum
- On street parking available on Whitehall Street with further parking at various city centre public car parks nearby
- In close proximity to: Overgate Shopping Centre
- Bus and Taxi drop off/pick up points
- Train Station