12/16 Murraygate, Dundee, DD12AZ
PROMINENT CITY CENTRE SHOP WITH DEVELOPMENT POTENTIAL
2,075 - 6,417 sqft
Features
- PRIME LOCATION ON MURRAYGATE
- ATTRACTIVE 6 STOREY BUILDING
- CATEGORY B LISTED
- POTENTIAL DEVELOPMENT OPPORTUNITY
- 100% RATES RELIEF FOR 12 MONTHS UNDER THE FRESH START SCHEME
Description
The subjects comprise an attractive 6 storey building arranged over basement, ground and four upper levels. To the rear of the property is a significant stone spiral staircase providing access to all the floors.
The property is Listed (Category B) under Historic Scotland reference LB25366.
View more informationAccommodation
We have measured the accommodation in accordance with the RICS Code of Measuring Practice to be as follows:-
Gross Frontage: 38 ft 0”
Net Internal Width: 33 ft 6”
Sales Depth: 44 ft 5”
Ground Floor Net Sales: 1,083 sq ft
Basement Ancillary: 992 sq ft
First Floor Staff/Storage: 1,034 sq ft
Second Floor Ancillary: 1,137 sq ft
Third Floor Ancillary: 1,141 sq ft
Fourth Floor Ancillary: 1,030 sq ft
Terms
The subjects are available by way of a new full repairing and insuring lease at a rental of £30,000 per annum.
Alternatively, our clients would consider a sale of the heritable proprietors interest (Scottish Equivalent of Freehold) at a price of £225,000.
VAT
No VAT applicable.
Business Rates
The premises are currently entered in the Valuation Roll as follows:-
Shop – NAV/RV – £24,500
Under the Fresh Start scheme the property qualifies for 100% rates relief for 12 months.
Redevelopment
Subject to the grant of planning consent, the vendor believes there is potential for conversion of the upper floors to a residential use. Interested parties should however make their own enquiries with the Local Planning Authority.
EPC
The property has an EPC rating of A. Please see attached.
Viewings
Please contact Westport Property on 01382 225 517 to arrange a viewing.
Location
The property occupies a prime location on Murraygate, close to its junction with High Street.
The property lies in close proximity to both the Overgate and Wellgate Shopping Centres, along with the Central Business District and the McManus Gallary and Art Museum on Albert Square. Other nearby commercial occupiers include Costa Coffee, Tesco, Greggs, Betfred, Caffe Nero, Halifax, HMV, Specsavers as well as a number of other national and local retailers and office occupiers.
The surrounding area is undergoing a £1 billion upgrade to transform the city into a world leading waterfront destination for visitors and businesses. The Victoria & Albert Museum, Caird Hall, Dundee Science Museum, City Quay Water Sports Centre, Olympia Leisure Centre, Slessor Gardens and the
proposed Eden Project are all within 5 minutes walk.
Dundee and Angus College has recently announced ambitious plans to takeover the Wellgate Shopping Centre as part of an unprecedented £265
million transformation to turn this into its new city centre campus.
Dundee is Scotland’s fourth largest City with a resident population of approximately 155,000. There are over 28,000 full time students, whilst the city attracts approximately 1.25 million tourist visits each year. It is the regional centre for employment services and retailing within Tayside, having its own airport and rail links to London.
