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Description
***IMMEDIATE INCOME PRODUCING INVESTMENT***Tenanted retail unit over 3 floors located in PROMINENT TOWN CENTRE position. Held on a FRI Lease with 4 years unexpired producing £20,000 pa
Tenant: Mobiles Factory Limited Expiry: 26th June 2029 Passing Rent: £20,000p.a. Rent Increase: June 2026 to £22,000p.a. Tenant Break: June 2027 (6 months Notice)
The property has been renovated by the tenant to include new flooring, plastered and painted walls, suspended acoustic tile ceiling, L.E.D. panelling throughout along with w.c. and office facilities.
Ground: 130.9sqm (1,409sq ft) Bsm: 87.14sqm (938sq ft) 1st: 51.82sqm (558sq ft) 2nd: 19.38sqm (209sq ft) Total: 289.24sqm (3,114sq ft)
PRIME LOCATION close proximity to both the entrance to The Overgate Shopping Centre and Murraygate. Nearby occupiers include Slater Menswear, Ladbrokes, Greggs, Timpson and Bayne's Bakers.
100% prime spot next to OVERGATE SHOPPING CENTRE ***IMMEDIATE INCOME PRODUCING INVESTMENT***Tenanted retail unit over 3 floors located in PROMINENT TOWN CENTRE position. Held on a FRI Lease with 4 years unexpired producing £20,000 pa Tenant: Mobiles Factory Limited Expiry: 26th June 2029 Passing Rent: £20,000p.a. Rent Increase: June 2026 to £22,000p.a. Tenant Break: June 2027 (6 months Notice) The property has been renovated by the tenant to include new flooring, plastered and painted walls, suspended acoustic tile ceiling, L.E.D. panelling throughout along with w.c. and office facilities. Ground: 130.9sqm (1,409sq ft) Bsm: 87.14sqm (938sq ft) 1st: 51.82sqm (558sq ft) 2nd: 19.38sqm (209sq ft) Total: 289.24sqm (3,114sq ft) PRIME LOCATION close proximity to both the entrance to The Overgate Shopping Centre and Murraygate. Nearby occupiers include Slater Menswear, Ladbrokes, Greggs, Timpson and Bayne's Bakers.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 4 Years
Rent: £20,000 per year / £1,667 per month
Yield: 16% (approx)
Tenant: Company
Notes: Tenant: Mobiles Factory Limited Expiry: 26th June 2029 Passing Rent: £20,000p.a. Rent Increase: June 2026 to £22,000p.a. Tenant Break: June 2027 (6 months Notice)
Maps & Location
Map Street View SatelliteThe premises occupy a highly prominent, central position within the pedestrian section of High section of High Street, being in close proximity to both the entrance to The Overgate Shopping Centre and Murraygate. Nearby occupiers include Slater Menswear, Ladbrokes, Greggs, Timpson and Bayne's Bakers. 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.
Document Downloads
Pricing Information & Bidding
Opening Bid: £129,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
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General Terms & Conditions of Sale
Lot Specific Terms - 78High Street, Let Retail Investment, Dundee