DEADLINE FOR OFFERS Friday 23rd February 2018 at 5pm. Submit an Offer Now

Lot 1i

Guide Price: £129,000 - Bid Now

130-132 Albert Street, Ladbrokes, Dundee, DD4 8QN


Key Features:

PRIME Dundee INVESTMENT let to LADBROKES (Ganton House Investments Limited) on lease till November 2031 (recently extended) break in November 2026 VERY LOW RENT £9150 pa with rent review due November 2018 ***RENTAL GROWTH TOWARDS £13,000 p.a extended*** The subjects extend to approx 92.9sqm (1,000sq ft)


  • Superb trading unit. CORNER SITE on LOW RENT with tenant recently extending FRI Lease till 2031. Good rental growth expected at Nov 2018 and Nov 2023 rent review UPWARDS ONLY.
  • Triple A Tenant with NET ASSETS £32.6 MILLION. Ganton House Investments Limited is an active company incorporated on 2 September 1964 with the registered office located in Greater London.
  • Ganton House Investments Ltd is a subsidiary of Ladbrokes Betting & Gaming Ltd. Ladbrokes plc employs 15,000 people in six countries and is one of the world's leading betting and gaming enterprises. Ladbrokes plc is listed on the London Stock Exchange with a market capitalisation of over £1209 MILLION. (Source: www.ladbrokesplc.com).
  • PRIME READY LET Ladbrokes Investment.

Description:

PRIME Dundee INVESTMENT let to LADBROKES (Ganton House Investments Limited) on lease till November 2031 (recently extended) break in November 2026 VERY LOW RENT £9150 pa with rent review due November 2018 ***RENTAL GROWTH TOWARDS £13,000 p.a extended*** The subjects extend to approx 92.9sqm (1,000sq ft) Superb trading unit. CORNER SITE on LOW RENT with tenant recently extending FRI Lease till 2031. Good rental growth expected at Nov 2018 and Nov 2023 rent review UPWARDS ONLY. Triple A Tenant with NET ASSETS £32.6 MILLION. Ganton House Investments Limited is an active company incorporated on 2 September 1964 with the registered office located in Greater London. Ganton House Investments Ltd is a subsidiary of Ladbrokes Betting & Gaming Ltd. Ladbrokes plc employs 15,000 people in six countries and is one of the world's leading betting and gaming enterprises. Ladbrokes plc is listed on the London Stock Exchange with a market capitalisation of over £1209 MILLION. (Source: www.ladbrokesplc.com).

Location:


The subjects are situated on the eastern side Albert St in Dundee at its junction with Cardean Street. Dundee is located on the East coast of Scotland approximately mid-way between Aberdeen to the north and Edinburgh to the South with a resident population of approximately 155,000 and an extended catchment of 235,000. Dundee is Scotland’s fourth largest city and is the regional centre for employment. The City of Dundee is the fourth largest city in Scotland and is a thriving metropolis sitting on the north bank of the River Tay. Diversity is the norm in Dundee, with an eclectic mix of culture, education, history, shopping and night life. The city is growing and developing, with the waterfront undergoing massive development. Amenities are plentiful, including excellent road and rail links, primary, secondary and higher education facilities, both high street and city centre shopping as well as many eateries, theatres, social clubs and cultural events.

Rateable Value:


CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.

Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 15 Years
Rent £9,150 per year / £763 per month
Yield 7.1% (at guide price)
Tenant Private Individual
Notes: LOW RENT with tenant recently extending FRI Lease till 2031. Good rental growth expected at Nov 2018 and Nov 2023 rent review

Guide Price: £129,000 - Bid Now


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 at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


You may submit an offer now on any of our live properties for the sellers 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.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    20 March 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.