Tenanted Commercial Property LOT 11

168 Arbroath Road, Dundee, DD4 7PY
OPENING BID

Timed Online Auction

22 September 2022, 10am-3pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 168 Arbroath Road, Dundee, DD4 7PY

IMMEDIATE INCOME PRODUCING HIGH STREET INVESTMENT** Large detached commercial premises in Dundee City Centre. IMMEDIATE RENTAL INCOME OF £24,000 PER ANNUM*** VAT FREE PROPERTY.

***EXCELLENT RETURN ON INVESTMENT. Currently LET on 10 YEAR LEASE to Salon Fierce Ltd at £24,000 PER ANNUM. SUBSTANTIAL detached single storey building. RECENTLY REFURBISHED.

Popular trading location with excellent footfall and drive by traffic. *** VAT FREE, no vat payable as not elected for vat. PRIME TRADING LOCATION. EXCELLENT frontage on to BUSY High Street.

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.

SUPER LOCATION on Arbroath Road. The property sits at the foot of Kingsway which is Dundee’s outer ring road. HIGH PASSING TRADE.

IMMEDIATE INCOME PRODUCING HIGH STREET INVESTMENT** Large detached commercial premises in Dundee City Centre. IMMEDIATE RENTAL INCOME OF £24,000 PER ANNUM*** VAT FREE PROPERTY. ***EXCELLENT RETURN ON INVESTMENT. Currently LET on 10 YEAR LEASE to Salon Fierce Ltd at £24,000 PER ANNUM. SUBSTANTIAL detached single storey building. RECENTLY REFURBISHED. Popular trading location with excellent footfall and drive by traffic. *** VAT FREE, no vat payable as not elected for vat. PRIME TRADING LOCATION. EXCELLENT frontage on to BUSY High Street.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. SUPER LOCATION in Arbroath on the East Coast of Scotland. The property sits at the foot of Kingsway which is Dundee’s outer ring road. HIGH PASSING TRADE.

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 Dundee’s 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.

Show More

Tenancy Details

Type of Agreement:
Length: 10 Year lease
Rent: £24,000 per year / £2,000 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes:

Document Downloads

  LEGAL PACK PENDING - Send Once Available

Location

Pricing Information & Bidding

Opening Bid: £192,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

Terms of Sale

  • 10% Deposit
  • 6 Weeks Completion
  • Buyers Fee = 2% of Sale Price (Minimum £2,750 + 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: 22 September 2022, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 364
£162,000 OPENING BID
  • Large TOWN CENTRE commercial unit in affluent Perthshire Town. Excellent Rental Potential...
Lot 26
£136,000 OPENING BID
  • PRIME INVESTMENT 'WILLIAM HILL' in Kirkcaldy Town Centre INVESTMENT LET £15,000 PER ANNUM...
Lot 222
£630,000 OPENING BID
  • EXCELLENT INVESTMENT OPPORTUNITY - HUGE POTENTIAL*** SUBSTANTIAL commercial premises with...