Tenanted Commercial LOT 312

3 Bank Street, Dundee, DD11 1RL
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Description

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

IMMEDIATE INCOME PRODUCING INVESTME Property, located close to Dundee City Centre. Immediate income of £583pcm £7000pa., Providing an *** EXCELLENT YIELD OF 10% *** if achieved for the guide price.

Comprises a ground floor & basement commercial unit set within a 4 storey mid terraced traditional tenement of stone and slate construction. The basement contains 4 individual rooms & a WC. RV £5,700

IMMEDIATE INCOME PRODUCING INVESTME Property, located close to Dundee City Centre. Immediate income of £583pcm £7000pa., Providing an *** EXCELLENT YIELD OF 10% *** if achieved for the guide price.

Internally cellular in nature on the ground floor containing 2 treatment rooms as well as an office/store. The ground floor has windows on to Bank Street. Size approx. 119.51 sq.m. / 1,286 sq.ft.

located on the north side of Bank Street at its junction with Reform Street in a predominantly commercial location in the heart of Dundee City Centre.

IMMEDIATE INCOME PRODUCING INVESTME Property, located close to Dundee City Centre. Immediate income of £583pcm £7000pa., Providing an *** EXCELLENT YIELD OF 10% *** if achieved for the guide price. Located in Dundee City Centre FABULOUS INVESTMENT OPPORTUNITY with a passing rent: £7,000 per annum The property extends to approx. 119.51 sq.m. / 1,286 sq.ft. Comprise a ground floor and basement commercial unit set within a 4 storey mid terraced traditional tenement of stone and slate construction. Internally, the subjects are cellular in nature on the ground floor containing 2 treatment rooms as well as an office/store. The ground floor is well presented with windows on to Bank Street. The property benefits from a basement accessed via a concrete stair. The basement contains 4 individual rooms and a WC. The subjects are currently being occupied by a hair salon. RV £5,700 IMMEDIATE INCOME PRODUCING INVESTME Property, located close to Dundee City Centre. Immediate income of £583pcm £7000pa., Providing an *** EXCELLENT YIELD OF 10% *** if achieved for the guide price.

The property is located on the north side of Bank Street at its junction with Reform Street in a predominantly commercial location in the heart of Dundee City Centre. Dundee is Scotland's fourth largest city with an estimated population in the region of 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retailing and employment within Tayside and is located on the east coast of Scotland with 90% of the country’s population within 90 minutes drive time. The subjects themselves are located on the north side of Bank Street at its junction with Reform Street in a predominantly commercial location in the heart of Dundee City Centre.

Full Address: 3 Bank Street, Dundee, DD11 1RL

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 26th March 2026
Rent: £7,000 per year / £583 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Rent £7000 per annum Lease Start 26/3/2021 Tenant Break Option 26/3/2025 Lease Expiry 26/3/2026

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Pricing Information & Bidding

Opening Bid: £72,000

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: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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