The subjects form the ground, first and basement floors of the tenement which comprises commercial uses on the lower floorsand offices and residential flats on the upper floors. The main walls are of stone construction whilst the roof over ispitched timber construction overlaid in slate.
The floors are amixture of suspended timber and solid construction. Internally the property comprises retail space over ground/first floorwith basement storage
Location
Dundee is located mid-way between Aberdeen (circa 105 kilometers (65 miles) to the north) and Edinburgh (circa 96 kilometers (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).
The City has its own airport with daily flights to London (City Airport) and sits on the main East Coast railway line which runs services into London (Kings Cross). The subjects form part of an imposing tenement building positioned on the west side of Commercial Street between its junctions with Murraygate ( the prime retail parade) and Albert Square.
Accommodation
GROUND FLOOR –122.9 SQ.M (1,323 SQ.FT)
NIA: 259.5 SQ.M (2,793 SQ.FT)
Terms
Lease Terms The Detail Our client is seeking rental offers of £27,000 per annum on a new FRI lease basis.
Rateable Value The subjects have been accessed for rating purposes and have been entered in the valuation roll at: Rateable Value: £34,600 The Unified Business Rate for 2024/2025 is 49.8p
EPC / Planning The premises benefit from Class 1A consent. An EPC certificate is available on request.
VAT For the avoidance of doubt all prices quoted are exclusive of VAT, which will be charged at the current rate.
Legal Costs Each party to bear their own legal costs in connection with this transaction with the ingoing tenant being responsible for any registration dues and VAT thereo
Specification
- Prime Location
- Retail Space
- Suitable for a variety of uses