Large, Modern commercial arcade located within a prime location in Dundee.
Property is offered at a great discount for Auction sale. The property has a Guide price of £320,000 which would provide an impressive rental yield of 11%.
The property has a potential market rent of up to £45,000 - £50,000 per annum. Should the rent be increased to this level and purchased at the Guide price of £320,000 it would provide a gross rental yield of 14-15%.
Property benefits from good footfall and is sure to appeal to landlords looking for a high yielding commercial investment.
Large car park to the rear of the units for added convenience - **PRIME LOCATION**
Location
Dundee is a city located on the east coast of Scotland, situated on the north bank of the Firth of Tay. It is the fourth-largest city in Scotland and has a rich history, with roots dating back to mediaeval times. Dundee has played a significant role in industries such as shipbuilding, jute manufacturing, and textiles. The city is known for the iconic Tay Rail Bridge and the RRS Discovery, the ship that took Captain Scott to Antarctica. In recent years, Dundee has undergone significant regeneration, transforming into a hub for technology, innovation, and the creative industries. The city is home to the University of Dundee, known for its research and academic excellence. Dundee also boasts cultural attractions like the Dundee Contemporary Arts and the V&A Dundee, a branch of the Victoria and Albert Museum. The waterfront redevelopment has contributed to the city's revitalization, making it a vibrant and dynamic place to live.
Accommodation
The units comprise of:
Pub let at £10.4k p/a
Tattoo Parlour let at £6k p/a
Vacant Retail unit
Dress Shop let at £5.4k p/a
Chinese Takeaway let at £12k p/a. Sure to appeal to a shrewd investor.
Terms
Guide Price - £320,000
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.
Specification
- Large, Modern commercial arcade located within a prime location in Dundee.
- Premises comprises 5 Units and a large plot of land to the back, 4 of the units are currently tenanted with long term tenants, with 1 vacant unit available. ***LARGE CAR PARK TO THE REAR***
- Units comprise of: Pub let at £10.4k p/a, Tattoo Parlour let at £6k p/a, Vacant Retail unit, Dress Shop let at £5.4k p/a and Chinese Takeaway let at £12k p/a. Sure to appeal to investors looking for a high yielding commercial investment opportunity.
- Combined units currently achieve a rent of £33.8k per annum giving an IMPRESSIVE gross yield of 11% at a guide price of £320,000
- Properties benefit from good footfall and are operated by long term tenants.