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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
IMMEDIATE INCOME PRODUCING HIGH STREET INVESTMENT** Large detached commercial premises in Dundee City Centre. IMMEDIATE RENTAL INCOME OF £24,000 PER ANNUM*** VAT FREE PROPERTY.
***EXCELLENT RETURN ON INVESTMENT. Currently LET on 10 YEAR LEASE to Salon Fierce Ltd at £24,000 PER ANNUM. SUBSTANTIAL detached single storey building. RECENTLY REFURBISHED.
Popular trading location with excellent footfall and drive by traffic. *** VAT FREE, no vat payable as not elected for vat. PRIME TRADING LOCATION. EXCELLENT frontage on to BUSY High Street.
This is an established commercial location and nearby occupiers include Aldi, Papa Johns, Indigo Sun, Co-op Funeral Care, Ladbrokes, Majestic Wine and a number of other local retailers.
SUPER LOCATION on Arbroath Road. The property sits at the foot of Kingsway which is Dundee’s outer ring road. HIGH PASSING TRADE.
IMMEDIATE INCOME PRODUCING HIGH STREET INVESTMENT** Large detached commercial premises in Dundee City Centre. IMMEDIATE RENTAL INCOME OF £24,000 PER ANNUM*** VAT FREE PROPERTY.
***EXCELLENT RETURN ON INVESTMENT. Currently LET on 10 YEAR LEASE to Salon Fierce Ltd at £24,000 PER ANNUM. SUBSTANTIAL detached single storey building. RECENTLY REFURBISHED.
Popular trading location with excellent footfall and drive by traffic. *** VAT FREE, no vat payable as not elected for vat. PRIME TRADING LOCATION. EXCELLENT frontage on to BUSY High Street.This is an established commercial location and nearby occupiers include Aldi, Papa Johns, Indigo Sun, Co-op Funeral Care, Ladbrokes, Majestic Wine and a number of other local retailers.
SUPER LOCATION in Arbroath on the East Coast of Scotland. The property sits at the foot of Kingsway which is Dundee’s outer ring road. HIGH PASSING TRADE.
Dundee is located on the East Coast of Scotland approximately mid
way between Aberdeen (65 miles to the north) and Edinburgh (60
miles to the south). The city has a resident population of circa
155,000 persons and a catchment of some 235,000 persons.
The subjects are prominently located on the busy Arbroath Road
which provides a vehicular route to and from Dundee City Centre.
The subjects sit at the foot of Kingsway which is Dundee’s outer
ring road. This is an established commercial location and nearby
occupiers include Aldi, Papa Johns, Indigo Sun, Co-op Funeral Care,
Ladbrokes, Majestic Wine and a number of other local retailers.
Full Address: 168 Arbroath Rd, Tenanted Salon Investment, Dundee, DD4 7PY
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Year lease
Rent: £24,000 per year / £2,000 per month
Yield: 15% (approx)
Tenant: Company
Notes: Currently LET on 10 YEAR LEASE to Salon Fierce Ltd at £24,000 PER ANNUM.
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Pricing Information & Bidding
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SPECIAL Terms of Sale
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- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £1,750 for on time settlement
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Buy Now Price = £225,000
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Auction Details
Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction
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