The subjects comprise a ground floor retail pharmacy contained within a traditional corner terraced four storey tenement of stone and slate construction. The property is accessed via an automatic door into a serving area with pharmacy to the rear and partitioned consultation room, kitchen and W.C.
Location
Dundee is located on the East Coast of Scotland approximately mid-way between Aberdeen (circa 105 kilometres (65 miles) to the north) and Edinburgh (circa 96 kilometres (60 miles) to the south) overlooking the Tay Estuary and has a resident population of circa 150,000 persons and a catchment of some 500,000 persons (Source: Dundee City Council). Dundee is Scotland's fourth largest City and is the regional centre for employment, services and retailing within Tayside. The city has its own airport with daily flights to London (London Heathrow) and sits on the main East Coast Railway Line which runs services into London (Kings Cross).
Accommodation
Sales Area , Consultation Room , Kitchen and WC 63.81 sq m ( 680 sq ft )
Terms
Lease Terms The property is let to Bestway National Chemists Limited until 6th March 2027 at £10,000 per annum. A copy of the lease can be provided to all interested parties. The tenant is the UK’s largest independent pharmacy chain with around 760 stores.
Price Our client is inviting offers in the region of £90,000 for their heritable interest. A purchase at this level would represent a net initial yield of 10.91%.
Rateable Value £7,600 Energy Performance Certificate Awaiting further details.
VAT All figures are quoted exclusive of VAT.
Legal Costs Each party will to bear their own legal costs in connection with the letting of the property.
Specification
- Established pharmacy premises within commercial location.
- Let to Bestway National Chemists Limited.
- Annual Rent - £10,000 per annum
- Lease expiry 6th March 2027
- Price £90,000 reflecting net initial yield of 10.91%