Map & Location
Map Street View SatelliteSpecial Terms of Sale
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Buyers Fee (?) 2% of Sale Price (Minimum of £2500 +vat)
Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Description
4,384sq ft) PRIME DUNDEE CITY CENTRE Four Storey Building. Ground floor existing retail with development opportunity on upper floors for office/residential. Leased at £16,000pa until 2029
Comprise a ground and first floor commercial unit contained within a mid-terraced 4 storey property. Development opportunity. PRIME POSITION WITH HIGH RESIDENTIAL DEMAND
SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**
Prominent position located across from the Wellgate Shopping Centre. HIGH FOOTFALL LOCATION. Nearby occupiers include Holland & Barratt, Tesco, Marks & Spencers.
PRIME CITY CENTRE 407.32sqm (4,384sq ft). Vacant four storey commercial premises in busy Dundee City Centre location. SUPER SIZE AND LOCATION. Lease 19th September 2024 till 18th September 2029. Rent £16,000pa + vat till 18th September 2026 & £19,000pa + vat from 19th September 2026 till 18th September 2029. Development Opportunity on upper floors. May suit office or residential uses subject to consents. Ground: 75.48sqm (812sq ft) 1st: 121.84sqm (1,312sq ft) 2nd: 105sqm (1,130sq ft) 3rd: 105sqm (1,130sq ft) Total: 407.32sqm (4,384sq ft) Comprise a ground and first floor commercial unit contained within a mid-terraced 4 storey property. Development opportunity. PRIME POSITION WITH HIGH RESIDENTIAL DEMAND SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** Prominent position located across from the Wellgate Shopping Centre. HIGH FOOTFALL LOCATION. Nearby occupiers include Holland & Barratt, Tesco, Marks & Spencers.
The property sits adjacent to the Wellgate Shopping Centre with immediate and surrounding operators including Holland & Barratt, Tesco, Marks & Spencer with a further national offering within the Wellgate Shopping Centre. 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.
Full Address: 18 Murraygate, Full Building Portfolio, Dundee City Centre, DD1 2AZ
Show MoreTenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 18th Sept 2029
Rent: £16,000 per year / £1,333 per month
Yield: 11% (approx)
Tenant: Company
Notes: Lease 19th September 2024 till 18th September 2029. Rent £16,000pa + vat till 18th September 2026 & £19,000pa + vat from 19th September 2026 till 18th September 2029.
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Pricing Information & Bidding
Opening Bid: £145,000
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SPECIAL Terms of Sale
- 10% Deposit
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
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Buy Now Price = £189,000
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Auction Details
Type: Timed Online Auction
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