Vacant Commercial LOT 77

293 Hilltown, Dundee, DD3 7AQ
BIDDING OPENS in...

Map & Location

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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

Ground Floor Retail unit (with basement) in close proximity to Dundee City Centre. Commercial investment Opportunity with excellent Rental Potential. Electric Roller Shutter Access (remote control).

The ground floor extends to 644 Sq.Ft (59.4 Sq.M) with the basement extending to 216 Sq.Ft (20 Sq.M). The rateable value of the premises is £3,750. Qualifies for full small business rate relief.

The property would make as a viable Investment with the rental potential of £500 per calendar month. This would provide a rental yield of 20%. Benefits Include parking adjacent to the premises.

Commercial Unit in Accessible Location. Close Proximity To Busy Centre. Customer parking available. Large Full-Time Student Population within the area. Refurbished internally - Ready to Rent.

Dundee is the regional centre for commerce, retailing and employment within the Tayside region and is located on the east coast of Scotland. Vacant Possession Property.

The subjects comprise a ground floor and basement mid-terraced retail unit contained within a traditional stone and slate building. The property benefits from a glazed retail frontage with remote control electric shutters. This retail unit benefits from a floor to ceiling glazed display window and recently painted frontage and signage. The property itself is serviced by excellent transport links with numerous bus operators servicing the Hilltown and Strathmartine Road area and Dundee Railway Station and Bus Station approximately 2 miles east. Free on-street car parking is available. Internally the subjects offer an open plan retail unit on the ground floor, regular in shape, kitchen facilities, basement storage and W.C facilities located within the adjoining tenement corridor. Ample on street car-parking is immediately adjacent to the property. Qualifies for 100% rates relief. Prominent university and west end location. The subjects are on a busy and sought after retail pitch of Hilltown approximately 1 mile north of the city centre and directly south of Kingsway. Within the surrounding area of the property there boasts a variety of commercial occupiers accommodating Dundee’s popular cafes, shops, bars and restaurants. Neighbouring occupiers include Tartan Coffee House, Vintage Strings, Rivertown, Piccolo, Babujee, Kwik Fit and The George Orwell.

Dundee is Scotland’s fourth largest city, with an estimated population in the region of 150,000 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 east side of Hilltown in a mixed commercial and residential area to the north of the city centre. Hilltown forms part of a busy vehicle and pedestrian route linking to the city centre.

Full Address: 293 Hilltown, Dundee, DD3 7AQ

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Pricing Information & Bidding

Opening Bid: £40,000

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 = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 06 March 2025, 10am-3pm
Type: Timed Online Auction

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