Prominent Retail Unit To Let
Dundee is Scotland’s fourth largest city and is situated approximately 60 miles north of Edinburgh with a population of circa 115,000 persons. The city benefits from excellent transport connections, including its own airport with links to London and mainline rail services between London and Aberdeen. Dundee is one of Scotland’s retail hubs with a loyal student catchment who shop in the local area. Reform Street is situated off City Square and Dundee High Street, the key pedestrian thoroughfare, linking the Wellgate Shopping Centre with the Overgate Centre. Nearby occupiers include Boots, New Look, H Samuel, Taco Bell, Pandora and Primark.
The premises are arranged over ground and basement levels and comprise the following approximate net internal areas:
Ground Floor: 975 sq ft / 90.6 sqm
Basement: 800 sq ft / 74.3 sqm
Total NIA: 1,775 sq ft / 165 sqm
The premises will become available by way of a new FRI lease, subject to vacant possession in Q1 2024.
Offers over £30,000 pa exclusive of VAT are invited.
Rateable Value: £34,200
UBR (2023/24): £0.498
Rates Payable: £17,032 pa
The premises benefit from having Class 1A consent (Shops and financial, professional and other services).
Each party to be responsible for their own legal and professional costs incurred in the transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be requested at the
ORINSEN, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.