Tenanted commercial unit with high-yielding immediate income stream. Currently multi-let to eight tenants, providing a return of £XXX per annum, giving a yield of 13.8% at Guide Price. Ideal industrial investment opportunity.
Description
FOR SALE BY ONLINE AUCTION THURSDAY 25TH JANUARY 2024 AT 9.00AM. Tenanted commercial unit with high-yielding immediate income stream. Currently multi-let to eight tenants, providing a return of £XXX per annum, giving a yield of 13.8% at Guide Price. Ideal industrial investment opportunity.
Online Property Auctions Scotland are delighted to present this incredible investment opportunity in Dundee - a large commercial unit, currently multi-let to 8 tenants and producing £XXX per annum. Two units within the building are currently vacant, and would increase the rental income further when tenanted.
- Asset Management Potential Via Lease Renewals and Letting of Vacant Unit
- 11,227 sq ft (1,042.99 sq m)
- Established City Centre Location
The property offers 11,227 sq ft (1,042.99 sq m) of accommodation across ground and first floors, situated in the heart of Dundee.
Internally, the property comprises a mix of warehouse/workshop space, with offices and storage.
The property is let to eight tenants on separate leases, producing a total aggregate rent of £XXX per annum. There are two vacant units which could also be leased, increasing the rental value and potential return.
Dundee has an estimated population of 145,000 and a catchment population of around 515,000. It is Scotland's fourth largest city and is the regional centre for commerce, retailing and employment in the Tayside region. It is located on the east coast of Scotland.
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.
We understand the property is elected for VAT, it is anticipated the sale can be treated as a Transaction of a Going Concern (TOGC)
Key Feature 1
Substantial Commercial Investment Multi-Let to 8 Tenants, with Two Vacant Units
Key Feature 2
Currently Producing £XXX per Annum Providing a Yield of 13.8% at Guide Price
Key Feature 3
Ideal Investment Opportunity with Immediate Income Stream