PRIME NEW LISTING. We are excited to present this tenanted commercial property located within a prime location in Dundee.10% Yield
Situated in a prime location, the property benefits from excellent local amenities and substantial foot traffic, enhancing its appeal for passing trade.
The property is being offered at a fantastic discount to ensure a sale, appealing to anyone looking for a straightforward purchase with excellent upside potential.
Location
Dundee, Scotland's fourth-largest city, is known for its vibrant culture, educational institutions, and thriving business scene. As a hub for innovation and research, Dundee offers excellent amenities, transport links, and a rich history, making it an attractive place for investment.
Accommodation
This expansive property spans an impressive 2,162.42 square metres, serving as an ideal passive income vehicle. A substantial commercial unit that promises significant returns for discerning investors.
The property comprises a welcoming entrance, spacious production area, versatile office and studio, well-equipped canteen, large workshop, efficient screen washing facilities, modern toilets, secure archive store, cutting-edge screen development, and a safe fire exit corridor.
Terms
Guide Price - £240,000
The property boasts a Full Repairing and Insuring (FRI) lease with a well-established tenant. With 3 years remaining on the current lease and an additional 12-year lease in the pipeline, this property offers immediate cash flow potential at £25,000 per annum. It's an excellent opportunity for investors targeting future rental income and capital growth.
With a rateable value of £74,500. Nurseries are exempt from paying business rates.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.