40 Whitehall Street, , Dundee, DD1 4AF

Situation

The property is located on Whitehall Street at the corner junction with Whitehall Crescent on a busy bus and pedestrian thoroughfare in Dundee City Centre, in close proximity to the central Waterfront area and Dundee Train Station.

Surrounding occupiers comprise a mix of national and regional retail and office occupiers such as Tayside Solicitors Property Centre, Cash Convertors, Tiso and WH Smith. The main Post Office branch in the city centre is also located within the neighbouring property.

In addition there are a number of national and regional leisure operators in the immediate vicinity such as Toni Macaroni, Empire State Coffee and The Brothy.

The Malmaison Hotel is located opposite the subjects on Whitehall Crescent and the Overgate Shopping Centre, the main retail destination in Tayside, is also nearby.

Description

The subjects comprise a class 2 office/retail unit over ground, mezzanine and basement floors forming part of an imposing listed corner tenement building with a mix of office and residential occupiers to the upper floors.

The subjects have been extensively refurbished and would suit a range of occupiers such as a property sales/letting agent, hair salon or beauticians along with traditional retail use.

Rateable Value

The subjects have been assessed for rating purposes at a current Rateable Value of £XXX

The unified business rates for 2020/2021 is XXX.

The subjects qualify for up to 100% rates relief via the small business bonus scheme. Please call for details.

Lease terms

The premises are available on a the basis of a new full repairing and insuring lease.

Rental offers in excess of £XXX per annum are invited.

VAT

VAT is not currently charged.

EPC

Awaiting confirmation. Please call for details.

LEGAL COSTS

Each party to bear their own legal costs in the connection with this transaction with the ingoing tenant being responsible for any registration dues and VAT thereon.

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