38-40 Reform Street, Dundee, DD1

Town Centre Location
Corner Position
Ground & Basement
2,329sq ft
Class 1 Consent
Rent: o/o £13,000p.a

Location

The property sits adjacent to the Wellgate Shopping Centre with immediate and surrounding operators including Holland & Barratt, Tesco, Marks & Spencer with a further national offering within the Wellgate Shopping Centre.

Dundee is Scotland's fourth largest city with an estimated population of 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retailing and employment within Tayside, and is located on the east coast of Scotland with Aberdeen, Edinburgh and Glasgow all within 90 minutes' drive time. The city has its own Airport with daily flights to London (Stansted Airport). Dundee Railway Station forms part of the main East Coast Railway Line, which runs services into London Kings Cross station.
The centre piece to the waterfront development is the V&A Dundee an International Centre for Design in Scotland, the first design museum built in the UK outside London.

Property

The subjects comprise retail premises arranged over the ground and lower ground floors of a four storey and basement building of traditional stone construction, beneath a pitched and slated roof.

The property benefits from an excellent retail frontage to both Reform Street and Bank Street comprising four full height timber/ glazed display windows with a recessed, double timber/glazed entrance door.

Internally, the property provides an open plan retail space at ground floor level with rear store and a staircase leading to a large basement.

Area

The property has been calculated to extend to the following internal area;

Ground: 79sqm (850sq ft)
Bsm: 137.41sqm (1,479sq ft)

Total: 194sqm (2,329sq ft)

NAV/RV

£24,400

Rent

The property is available on a new full repairing and insuring head lease for offers over £13,000p.a

V.A.T.

Figures quoted are exclusive of V.A.T

Legal

Each party shall be their own legal costs incurred in the transaction

Anti-Money Laundering

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 confirmed to and requested at the relevant time