Highly Prominent Corner Retail Unit in Dundee City Centre
Flexible Accommodation at Ground and Basement Levels
Substantial Glazed Frontages onto Reform Street and Bank Street
Recent Change of Planning Use to Dental Surgery so Opportunity for Alternative Uses
Neighbouring Occupiers Include Santander, Chest, Heart and Stroke, Red Cross and leisure occupiers including Old Bank Bar and new restaurant Chaiwalla
Lot 62
Auction 25th September 2024
Vacant Possession
Status Available
Guide* £100,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
50 miles north of Edinburgh, 65 miles south of Aberdeen
Roads
A85, A90, A92, M90
Rail
Dundee Railway Station
Air
Dundee Airport
Situation
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 has its own Airport with daily flights to London (City Airport) and other UK cities . Dundee Railway Station forms part of the main East Coast Railway Line. The property is located on the west side of Reform Street, at the junction with Bank Street. Surrounding occupiers include The Old Bank Bar, Santander, Red Cross and Chest, Heart and Stroke charity.
Tenure
Heritable.
Location
Miles
50 miles north of Edinburgh, 65 miles south of Aberdeen
Roads
A85, A90, A92, M90
Rail
Dundee Railway Station
Air
Dundee Airport
Situation
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 has its own Airport with daily flights to London (City Airport) and other UK cities . Dundee Railway Station forms part of the main East Coast Railway Line. The property is located on the west side of Reform Street, at the junction with Bank Street. Surrounding occupiers include The Old Bank Bar, Santander, Red Cross and Chest, Heart and Stroke charity.
Tenure
Heritable.
Description
The subjects comprise the ground and basement floors of a larger tenement building (the upper floors are in separate ownership). The unit has fully glazed frontages onto both Reform Street and Bank Street. Internally the ground floor accommodation provides an open plan retail space along-with a back shop/staff area. The basement, a former wine bar with a large open plan area, along with several storage rooms and toilet facilities.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The subjects comprise the ground and basement floors of a larger tenement building (the upper floors are in separate ownership). The unit has fully glazed frontages onto both Reform Street and Bank Street. Internally the ground floor accommodation provides an open plan retail space along-with a back shop/staff area. The basement, a former wine bar with a large open plan area, along with several storage rooms and toilet facilities.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
Ground Basement
Retail Ancillary
79.31 117.95
(854) (1,270)
VACANT POSSESSION
Total
197.26
(2,123)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
