Deadline for Offers

14 May 2021, 4pm

Bidding Closes in

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

Description

Full Address: 168 Arbroath Rd, Promising Hot Food Investment, Dundee, DD4 7PY

PRIME DUNDEE 2,495 sqft POTENTIAL HOT FOOD TAKEAWAY/RESTAURANT benefits from Class 1 & Class 2 consent, with Class 3 / hot food takeaway applied for. *** Rent Offers in excess of 32,500 per annum are expected. *** VAT FREE, no vat payable as not elected for vat.

*** VIEWING APPOINTMENT AVAILABLE 17TH MARCH 2021 AT 10AM - CONTACT US TO SCHEDULE *** 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. The subjects comprise former bank premises within a detachedsingle storey building of brick construction.

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.

EXCELLENT INVESTMENT BUY TO LET with Rent Offers in excess of 32,500 per annum are expected. 10% + Yield Potential. Popular trading location with excellent footfall and drive by traffic. There is off street car parking and a garage store to the side of the premises. Ground Floor 2,495 sqft 231.81 sqm TOTAL AREA.

The property benefits from Class 1 & Class 2 consent, however, subject to planning, could lend itself to Class 3 / hot food takeaway. PLANNING APPLICATION SUBMITTED AND UNDER WAY. Rateable Value 15,000. Commercial Rate Poundage 0.498.

The subjects comprise former bank premises within a detached single storey building of brick construction. There is off street car parking and a garage store to the side of the premises. The property is accessed from the front elevation into an open plan retail/former banking hall with associated offices, kitchen, storage and toilet facilities. Accommodation The net internal areas are as follows - Rating The premises are entered into the 2017 Valuation Roll as follows: Rateable Value 15,000 Commercial Rate Poundage 0.498 (exclusive of water and sewerage rates) Planning The property benefits from Class 1 & Class 2 consent, however, subject to planning, could lend itself to Class 3 / hot food takeaway. Rent Offers in excess of 32,500 per annum are expected.

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 Dundees 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.

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Pricing Information & Bidding

Guide Price: £305,000


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 prior to the auction.

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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: 14 May 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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