Dock StrEEt,DUnDEE,DD1 3Dr

RETAIL & LEISURE OPPORTUNITIES

116 Sq M (1251 Sq Ft)

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locationDundee is Scotland’s fourth largest city situated 92 Kilometres (57 Miles) North of Edinburgh, 129 Kilometres (80 Miles) North of Glasgow and 105 Kilometres (65 Miles) South of Aberdeen.

It has a population of approximately 142,000 and a catchment of some 640,000 persons within a 60 minute drive (Source: Dundee City Council) and benefits from excellent communication links via the road and rail networks.

The development is located on Dock Street, near the junctions with Commercial Street and Gellatly Street in the heart of the Waterfront Development area and only a short walk from the core retail and leisure areas within Dundee City Centre.

The subjects sit opposite the City Quay/Apex Hotel Development and in close proximity to the on/off ramps for the Tay Road Bridge.

The £1 billion transformation of Dundee city waterfront, which encompasses 240 hectares of development land stretching 8km along the River Tay, is a strategic, focussed and forward-looking 30 year project (2001-2031).

The V&A’s new £45 million design museum, V&A at Dundee, is due to open in 2015. Hotels, businesses and retailers will benefit from the ongoing city transformation.

Once the Central Waterfront development is complete the City Square, a focal point for the central waterfront project, will be located a short distance to the east.

• EXcEllEnt citY cEntrE location

• Part oF MUlti-Million DUnDEE WatErFront ProJEct - www.dundeewaterfront.com

• HiGHlY ViSiBlE location FrontinG onto Main riVErSiDE artErial roUtE anD taY roaD BriDGE on/oFF raMPS

• Part oF HoliDaY inn EXPrESS DEVEloPMEnt

• car ParkinG aVailaBlE at VarioUS citY cEntrE PUBlic car ParkS nEarBY

• rEntal oFFErS inVitED

• incEntiVES aVailaBlE* (*subject to covenant)

in cloSE ProXiMitY to:

• WatErFront DEVEloPMEnt

• citY QUaY arEa

• nEW olYMPia lEiSUrE cEntrE

• GallaGHEr rEtail Park

local EconoMYDundee is a regional employment, education and retail centre and home to two Universities, a major further education college and an institute for Arabic and Islamic Studies and has a student population in excess of 40,000.

Ninewells hospital is an internationally renowned teaching hospital and a leading centre in cancer management. The Bio-Medical and Bio-Technology sectors, information technology and software for computer games are important industries in Dundee. The developer of Lemmings and the Grand Theft Auto series was founded in Dundee.

Dundee City Council has overseen a cultural renaissance in the City over the past 20 years. Dundee Contemporary Arts, Dundee Rep Theatre, the Space (home to the Scottish School of Contemporary Dance), and The McManus (Dundee’s beautifully refurbished art gallery and museum), are playing a part in re-establishing Dundee as a centre for art and culture. The city was recently announced as a finalist to be the UK City of Culture in 2017.

The largest employers include NHS Tayside, Dundee City Council, University of Dundee, DC Thomson & Co, Tesco and BT. Other employers include Michelin, Alliance Trust, HMRC, Tayside Police and The Pension Service.

V&a Museum

Proposed Waterfront Development

Discovery – Dundee

tHE ProPErtYThe building, of which the subjects form part, comprises an existing Holiday Inn Express Hotel which has been in operation for around 5 years.

The remaining available space comprises;

Description Square Metres Square Feet

Unit 3 116 1251

ratEaBlE ValUEThe premises will require to be assessed for rating purposes. Interested parties are advised to contact the local Tayside Assessors department on 01382 221177 to discuss the likely rateable value for specific unit sizes.

The Unified Business Rate for the financial year 2013/2014 is 46.2 pence exclusive of water and sewerage. A 9p supplement is added to any property where the Rateable Value is in excess of £35,000.

lEaSE tErMSThe units are available on Full Repairing and Insuring (FRI) terms for a negotiable number of years.

Rental offers are invited.

PlanninGThe space carries a Class 1 (Retail) Consent.

Other commercial uses may be possible subject to obtaining the necessary planning permission.

Interested parties are encouraged to make their own enquiries to the Planning Department at Dundee City Council (01382 433105).

lEGal coStSBoth parties shall be responsible for their own legal costs with the tenant responsible for any Stamp Duty (SDLT) and Registration dues etc.

VatAll offers quoted are exclusive of VAT.

ViEWinGStrictly by appointment with the letting agents.

PUBlication DatE:February 2014.

Gerry McCluskey Dip Prop Inv MRICSg.mccluskey@shepherd.co.uk

Scott Robertson s.robertson@shepherd.co.uk

Telephone: 01382 878005

Gordon Nicolson BSc (Hons) MRICSGNicolson@savills.com

Telephone: 0141 222 4126

J & E Shepherd for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars and plan are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct at the date of first issue but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of J & E Shepherd has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all prices and rentals are quoted exclusive of VAT unless otherwise stated. Prospective purchasers/lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

Marco Polo

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Unit 4

Unit 5

Unit area

Marco Polo 294m² (3165ft²)

Run4it 121m² (1313ft²)

Unit 3 - Vacant 116m² (1251ft²)

Unit 4 - LET 64m² (692ft²)

Unit 5 - LET 108m² (1159ft²)

indicative possible layout

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