TIMED ONLINE AUCTION - 07 August 2020, 9am-5pm - View the auction and register to bid >>
Lot 5

71 High Street, Lochee, Dundee, DD2 3AT

Opening Bid: £101,250

Tenanted Freehold Commercial Offer Now Available



Map & Location Pricing How to Bid Auction Details


Key Features:

100% Prime Retail Investment Lease Expiry: 27th Feb 2026. £12,500 PER ANNUM. Let to Oxfam. Prominent Frontage. EXCELLENT SIZE. Ground Floor 160 square metres - 1,715 square feet. ---Vat Free Property.


  • Tenant been in occupation over 15 YEARS. Refurbished internally. Lease Term: 28/2/16 - 27/2/26. Review: 28th Feb 2021. GRADE A Tenant - Oxfam have around 650 shops (19.02.2020) Website: oxfam.org.uk.
  • EXCELLENT SIZE with large ground floor 1,715 square feet in popular Lochee ***VAT FREE PROPERTY close to TSB, Superdrug, BOOTS, BHF, Semi-Chem, Poundstretcher.
  • RE-FURBISHED. Benefits from a timber framed glazed frontage. Internally the property is in an open plan layout with partitions formed to the rear for storage, small tea prep and single w.c. facility
  • Recommended investment property would be an ideal long term investment with ESTABLISHED TENANT with ample car parking FACING MAIN CAR PARK. Dundee regional centre for employment.


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.
Rateable Value

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Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length Lease Expiry: 27th Feb 2026
Rent £12,500 per year / £1,042 per month
Yield 9.3% (at guide price)
Tenant Private Individual
Notes: Lease Term: 28/2/16 - 27/2/26. Review: 28th Feb 2021. GRADE A Tenant - Oxfam have around 650 shops (19.02.2020) Website: oxfam.org.uk This shop has been identified as a

Full Details:

100% Prime Retail Investment Lease Expiry: 27th Feb 2026. £12,500 PER ANNUM. Let to Oxfam. Prominent Frontage. EXCELLENT SIZE. Ground Floor 160 square metres - 1,715 square feet. ---Vat Free Property.--- Tenant been in occupation over 15 YEARS. Refurbished internally. Lease Term: 28/2/16 - 27/2/26. Review: 28th Feb 2021. GRADE A Tenant - Oxfam have around 650 shops (19.02.2020) Website: oxfam.org.uk This shop has been identified as a "Very good performer." For the year ended 31st March 2019, Oxfam had a pre-tax profit of £34.6million, shareholders’ funds of £118.8 million and a net worth of £118.8 million. EXCELLENT SIZE with large ground floor 1,715 square feet in popular Lochee ***VAT FREE PROPERTY close to TSB, Superdrug, BOOTS, BHF, Semi-Chem, Poundstretcher. Oxfam confirmed this property is a "VERY GOOD PERFORMER." The property is situated on the east side of High Street south of its junction with Burnside Street within the suburb of Lochee in Dundee. RE-FURBISHED. Benefits from a timber framed glazed frontage with access via a single door. Internally the property is in an open plan layout with partitions formed to the rear for storage, small tea prep and single w.c. facility. WELL FITTED internally. Refurbished to include new laminated timber flooring, lighting has been upgraded to L.E.D. spots within the suspended acoustic tile ceiling throughout, walls having been painted and decorated, with the frontage also benefitting from upgrading. Recommended investment property would be an ideal long term investment with ESTABLISHED TENANT with ample car parking FACING MAIN CAR PARK. Dundee is Scotland’s fourth largest city and is the regional centre for employment.

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Opening Bid: £101,250 - Offer Now


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Map & Location:


***IDEAL INVESTMENT PROPERTY*** Trades well classed as a "very good performer." Plenty on street car parking. Neighbouring occupiers include Iffy’s Convenience Store, Poundstretcher, Boots and T.S.B. Adjacent car parks.Close to primary and secondary schooling. Super spot and frontage close to Superdrug, Poundstretcher, Greggs. Dundee is located on the East Coast of Scotland approximately mid way between Aberdeen (circa 105 kilometres (65 miles) to the north) and Edinburgh (circa 96 kilometres (60 miles) to the south).

Viewings:


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Auction Details:



  • Auction Date...

    07 August 2020, 9am-5pm


  • Auction Location...

  • Timed Online Auction


Auction Catalogue...

VIEW ONLINE AUCTION >>


Guide/Help with bidding...

ONLINE BIDDING GUIDE >>