DESCRIPTION
The subjects comprise a grade B listed retail unit forming the ground floor and basement of a four storey building of stone construction surmounted by a pitched and slated roof.
Internally the unit provides an open plan front retail area which is currently configured as a barber shop. The tenant has recently refitted this area. The property benefits from a sizeable basement which provides w.c facilities, storage and kitchen area.
The tenant has recently taken on the premises and pays an annual rent of £10,000 per annum. The lease expires on 2nd October 2028 although there is a tenant break option in October 2026 & 2027.
Further lease details can be provided to serious interested parties.
PROPOSAL
Offers over £70,000 are invited for the landlords heritable interest.
FLOOR AREAS
From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate gross internal area (GIA):
Ground Floor: 41m²/441ft²
Basement: 76.8m²/827ft²
Total: 117.8m²/1,268ft²
EPC
G.
RATING
Rateable value £8,700.
VAT
N/A.
PLANNING
All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Dundee City Council Planning Department.
CLOSING DATE
A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.