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Description
1,691sq ft ground floor unit let to Bet Fred with Passing Rent: £22,500p.a until March 2029. held in a full repairing and insuring head lease. Prime High St Location. Fantastic tenant.
The property has been calculated to extend to the following floor area; Ground: 157sqm (1,691sq ft)
The property is situated on High Street on a busy and prominent position within the suburb of Lochee in the City of Dundee.
Dundee is Scotland’s fourth largest city with an estimated population of 145,000 and a catchment population in the region of 515,000.
The property forms the ground floor of a larger mixed use development surmounted by a pitched roof. The property offers a prominent aluminium framed and glazed frontage with single door access. Internally the property is presented in a good condition aligned with the tenants corporate specification with suspended acoustic tile ceiling. Partitions have been recessed to form staff and customer w.c facilities and tea prep area. The property has been calculated to extend to the following floor area; Ground: 157sqm (1,691sq ft) The property is held in a full repairing and insuring head lease in the following terms; Tenant: Done Brothers (Cash Betting) Ltd t/a Betfred Expiry: 7th March 2029 Passing Rent: £22,500p.a Tenant Break: March 2027 Further: The tenant has been in situ since 2009.
The property is situated on High Street on a busy and prominent position within the suburb of Lochee in the City of Dundee. Dundee is Scotland’s fourth largest city with an estimated population 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 Aberdeen, Edinburgh and Glasgow all within 90 minutes’ drive time. The city has its own Airport with daily flights to London (Stansted Airport). Dundee Railway Station forms part of the main East Coast Railway Line, which runs services into London Kings Cross station. The centre piece to the waterfront development is the V&A Dundee an International Centre for Design in Scotland, the first design museum built in the UK outside London. Neighbouring occupiers include Farmfoods, Lochee Sports Centre & Swimming Pool, Posh Nosh Cafe and Oxfam.
Full Address: 107 High Street, Lochee, Dundee, DD2 3BX
Show MoreMap & Location
Map Street View SatelliteSpecial Terms of Sale
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Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)
Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length:
Rent: £22,500 per year / £1,875 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes:
Document Downloads
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
Pricing Information & Bidding
Opening Bid: £160,000
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
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Terms of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.