Vacant Commercial Property LOT 16

10 Panmure Street, Dundee City Centre, DD1 2BW
OPENING BID

Timed Online Auction

23 April 2021, 10am-4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 10 Panmure Street, Dundee City Centre, DD1 2BW

Former Boots Opticians in PRIME CITY CENTRE LOCATION. Previously let at 23,625 per annum in HIGH FOOTFALL TRAFFIC SPOT in the centre of Dundee's thriving retail centre. Perfect commercial investment with HIGH YIELD POTENTIAL.

Excellent size for retail unit. 72.58sq.m (781sq ft) Ground floor unit set within traditional 4 storey building. Currently providing large retail unit, staff facilities, office and storage. POTENTIAL FOR MULTIPLE USES

PRIME RETAIL SPOT next to the city's main shopping centre and thoroughfare- Wellgate. Neighbouring retailers include B&M, Greggs, Marks and Spencer, Tesco Express and HMV. PRIME TRADING POSITION.

HIGH DEMAND RENTAL LOCATION with realistic rental potential of up to 20,000 per annum giving a massive potential rental YIELD OF OVER 21% within thriving city centre in Scotland's forth largest city and fastest growing economy.

Dundee has a resident population of over half a million people and as the main retia, commercial and cultural hub for the area boasts an international airport and well-regarded transport links. Property located 400 yards from Dundee's main train station.

Former Boots Opticians in PRIME CITY CENTRE LOCATION. Previously let at 23,625 per annum in HIGH FOOTFALL TRAFFIC SPOT in the centre of Dundee's thriving retail centre. Perfect commercial investment with HIGH YIELD POTENTIAL. Excellent size for retail unit. 72.58sq.m (781sq ft) Ground floor unit set within traditional 4 storey building. Currently providing large retail unit, staff facilities, office and storage. POTENTIAL FOR MULTIPLE USES. PRIME RETAIL SPOT next to the city's main shopping centre and thoroughfare- Wellgate. Neighbouring retailers include B&M, Greggs, Marks and Spencer, Tesco Express and HMV. PRIME TRADING POSITION. HIGH DEMAND RENTAL LOCATION with realistic rental potential of up to 20,000 per annum giving a massive potential rental YIELD OF OVER 21% within thriving city centre in Scotland's forth largest city and fastest growing economy. Dundee has a resident population of over half a million people and as the main retia, commercial and cultural hub for the area boasts an international airport and well-regarded transport links. Property located 400 yards from Dundee's main train station.

Dundee is Scotlands fourth largest city, with an estimated population in the region of 145,000 and a catchment population of approximately 515,000. The city is the regional centre for commerce, retailing and employment within the Tayside region and is located on the east coast of Scotland with the larger centres of Aberdeen, Edinburgh and Glasgow all within a 90 minute drive time. More precisely, the subjects are located on the south side of Panmure Street close to its junctions with Albert Square and Murraygate. The Murraygate is still regarded as one of Dundees' principal retailing areas, with the re-development of the Wellgate Shopping Centre into a leisure and entertainment centre likely to bring further interest and more national occupiers to the east side of Dundee City Centre. . Recent opening of V and A museum sure to bring more commerce and customer to the city.

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Pricing Information & Bidding

Opening Bid: £72,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 23 April 2021, 10am-4pm
Type: Timed Online Auction

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