OPENING BID

Timed Online Auction

21 October 2021, 10am-3pm

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

Description

Full Address: 294 Perth Road, TENANTED HOT FOOD TAKEAWAY, Dundee, DD2 1AN

PRIME HOT FOOD INVESTMENT. Tenanted take away in the heart of Dundee with settled tenant on 25 year FRI lease until 2027 with current annual rental income of £18,150 per annum. Increasing to £19,000 in 2022

EXTREMELY WELL ESTABLISHED LOCAL BUSINESS in place since 2002 and trading exceptionally well. Perfect investment property for the savvy investor within extremely busy locale. SUPER RETURN ON INVESTMENT

SUPER SIZE AND LOCATION. Approx 59sq m property located on extremely busy main thoroughfare with MASSIVE LEVELS OF PASSING TRADE within densely populated residential area close to major attractions and amenities.

SUPER TENANT in place long-term with excellent payment history. Immediate rental income of over £18,000 per annum within the UK's most up and coming City with significant development and investment underway.

The property is located close to Dundee University, The University of Abertay, Dundee and Ninewells Hospital and is a popular residential location within minutes of the City Centre.

PRIME HOT FOOD INVESTMENT. Tenanted take away in the heart of Dundee with settled tenant on 25 year FRI lease until 2027 with current annual rental income of £18,150 per annum. Increasing to £19,000 in 2022 EXTREMELY WELL ESTABLISHED LOCAL BUSINESS in place since 2002 and trading exceptionally well. Perfect investment property for the savvy investor within extremely busy locale. SUPER RETURN ON INVESTMENT. SUPER SIZE AND LOCATION. Approx 59sq m property located on extremely busy main thoroughfare with MASSIVE LEVELS OF PASSING TRADE within densely populated residential area close to major attractions and amenities. SUPER TENANT in place long-term with excellent payment history. Immediate rental income of over £18,000 per annum within the UK's most up and coming City with significant development and investment underway. The property is located close to Dundee University, The University of Abertay, Dundee and Ninewells Hospital and is a popular residential location within minutes of the City Centre.

Benefiting from being within one of Scotlandís largest Cities with 2 highly acclaimed Universities and a resident population in excess of 150,000 people. Potential for various different uses (subject to consents) as an excellent size. Priced to sell sure to attract interest from investors, speculators, developers and shrewd property professionals.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2027
Rent: £18,150 per year / £1,513 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £213,000

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: 21 October 2021, 10am-3pm
Type: Timed Online Auction

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