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Lot 72

1A High Street, Dundee, DD1 1SX

Guide Price: £645,500

Vacant Freehold Commercial Offer Now Available


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Key Features:

RESTAURANT INVESTMENT - EXTREMEMLY PROMINENT PRIME CITY CENTRE LOCATION. Formerly let to KFC for £125,000 per annum. Over £300,000 recently spent on internal refit. WALK-IN CONDITION.


  • 100% PRIME SPOT facing Slaters, Zara, Patisserie Valerie, Greggs. Unit benefits from full Class 3 consent and has been comprehensively refurbished and upgraded. Over £300k spent on refurb. Completed to an exceptional standard.
  • The premises are located within the prime section of High Street close to Murraygate and the Overgate Shopping Centre. Nearby occupiers include Greggs, H & M, Zara, Pandora, Optical Express, Costa.
  • Internally the property comprises ground floor restaurant and kitchen with ancillary accommodation and toilets within the basement. The property has been comprehensively re-fitted at a cost of over £300,000.
  • The premises benefit from a Class 3 Restaurant Consent. Realistic rental potential of £125,000 in extremely prominent CITY CENTRE location. SUPER SIZE. SUPER FRONTAGE. FLOOR AREAS. Ground Floor - 3,638 sq ft. Basement - 759 sq ft.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

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Enhanced Buying Terms:


Lower Deposit 5%
- Standard Deposit is 10% of the sale price.
Longer Completion 8 Weeks
- Standard completion is 4 weeks from the auction date.



Full Details:

RESTAURANT INVESTMENT - EXTREMEMLY PROMINENT PRIME CITY CENTRE LOCATION. Formerly let to KFC for £125,000 per annum. Over £300,000 recently spent on internal refit. WALK-IN CONDITION. 100% PRIME SPOT facing Slaters, Zara, Patisserie Valerie, Greggs. Unit benefits from full Class 3 consent and has been comprehensively refurbished and upgraded. Over £300k spent on refurb. Completed to an exceptional standard. The premises are located within the prime section of High Street close to Murraygate and the Overgate Shopping Centre. Nearby occupiers include Greggs, H & M, Zara, Pandora, Optical Express, Costa. Internally the property comprises ground floor restaurant and kitchen with ancillary accommodation and toilets within the basement. The property has been comprehensively re-fitted at a cost of over £300,000. The premises benefit from a Class 3 Restaurant Consent. Realistic rental potential of £125,000 in extremely prominent CITY CENTRE location. SUPER SIZE. SUPER FRONTAGE. FLOOR AREAS. Ground Floor - 3,638 sq ft. Basement - 759 sq ft.

Guide Price: £645,500 - Offer Now


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Offer Now Explained...

You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Map & Location:


The premises are located within the prime section of High Street close to Murraygate and the Overgate Shopping Centre. Nearby occupiers include Greggs, H & M, Zara, Pandora, Optical Express, Costa Coffee and Barrhead Travel. The premises also benefit from a prominent corner location looking onto Commercial Street and Seagate where there are a number of bars and restaurants.

Viewings:


IMPORTANT NOTICE...


Due to Government advice on COVID-19 no viewings are currently possible. We advise all interested parties to follow social distancing rules for safety.

Auction Details:



  • Auction Date...

    28 April 2020, 9am-5pm


  • Auction Location...

  • Glasgow Online

  • Online Bidding Only




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