The property is located in Murraygate, the primary high street pitch in the heart of Dundee. The surrounding area is predominantly retail in nature, and Murraygate is home to a number of well-known UK-retailers including; Tesco, M&S, Costa, Beaverbrooks, Card Factory, HSBC, Café Nero, Specsavers and WHSmith.
The mid-terraced property comprises brick construction and a pitched slate roof. The customer area is finished to a good standard with tiled floors and papered and painted plaster walls. The ground floor also sees to a disabled w/c, kitchen which includes tiled floors, wipe clean wall coverings, and suspended ceilings. The remainder of the ground floor comprises walk in chiller/freezer, comms room and storage. The first floor contains a further 36 covers as well as customer toilet and small managers office.
Let to KFC on a 20 year lease term with effect from March 2020 at an annual passing rent of £62,227. The lease is subject to 5 yearly rent reviews with a break option in March 2030. The rent reviews have fixed rental uplifts reflecting 2.5% annually compounded.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - B29
Restaurant
All figures quoted are exclusive of and may therefore be liable to VAT.
Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).
Net Annual Value: £31,300
Estimated Rates Payable: £15,587
| 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|
| Ground Floor | 1,611 sq ft | (149.64 sq m) | ||
| First Floor | 827 sq ft | (76.81 sq m) | ||
| Total GIA | 2,438 sq ft | (226.45 sq m) | ||
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