**Location
**
The properties are situated in the city of Dundee with an estimated population
of circa 150, 000. The city lies on the eastern side of Scotland on the
northern banks of the Firth of Tay and is home to two universities, an airport
and significant Scottish businesses including Lions Trust, Stagecoach and D C
Thompson. The city is enjoying a new vibrance driven by a £1bn transformation
of the Water Front including upgraded infrastructure and completion of the new
iconic V & A Dundee, an International Centre for Design. This investment has
also been pivotal in the city attracting new hotel groups who are expected to
deliver almost 1, 000 additional rooms due to predicted increase in tourism. In
total, this investment is targeting in excess of 7, 000 new jobs improving the
city’s profile for both residential and commercial development opportunities.
The property is located on the eastern side of High Street, opposite it’s
junction with Bank Street and lying within the primary retailing pitch for
Lochee. The surrounding area is a mix of both commercial and residential with
nearby operators including Boots, Betfred and Baynes Bakers.
**Description
**
The subjects are arranged over the ground floor a 4 storey, mid terraced
building which is of traditional stone construction, under a pitched and
slated roof.
The retail frontage to High Street comprises 2 aluminum/glazed display windows
together with an aluminum/glazed entrance, all benefit from roller security
shutters.
Internally it is arranged to provide an open plan retail section to front,
incorporating a private room. A staff kitchen, WC and office are located to
the rear at the rear with a further stock room to the left of the main retail
area. The internal layout could be adapted to suit a wide range of alternative
uses.
**Accommodation
**
We calculate that the subjects extend to an approximate net internal area as
follows:
139. 12 sqm (1497 sq ft).
**Rent
**
Offers over £15, 000 per annum exclusive are invited.
**Terms
**
The subjects will be offered on a standard Full Repairing and Insuring lease
subject to Rent Reviews at appropriate intervals.
**Price
**
Offers in excess of £130, 000 exclusive are invited for the benefit of our
clients interest.
**Rateable value
**
According to the Scottish Assessor’s website () the subjects have a Rateable
Value of £17, 600.
The uniform business rate for the current year is £0. 49 pence in the pound.
**Energy performance certificate
**
The Energy Performance Certificate rating is pending.
**Legal costs
**
Each party shall be responsible for their own legal costs incurred in
connection with the eventual tenant liable for any Land Building and
Transaction Tax (LBTT) and VAT thereon.

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