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Investment

Investment For Sale Dundee

PROPERTY ID: 128107

PROPERTY TYPE

Investment

STATUS

Under Offer

SIZE

1,934 sq.ft

Key Features

Income producing retail property
Attractive period building with parking
Let to Barrie Dear Ltd
Lease expiring April 2039 (subject to breaks)
Passing rent £32,200 per annum
Offers in the region of £375,000
NIY 8.28%

Property Details

Dundee is Scotland's fourth largest city with an estimated population of approximately 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retail and employment within the Tayside region and is located on the east coast of Scotland with 90% of the country's population within a 90 minutes' drive time. More precisely, the property sits on the north side of Nethergate, close to its junction with Marketgait/West Marketgait. The subjects sit on a busy thoroughfare linking the city centre to the west end. The property sits within a vibrant mixed use area with surrounding operators including, Dundee Contemporary Arts (DCA) Rep Theatre, The University of Dundee and Overgate Shopping Centre. The approximate location is shown on the plan.

The Subjects Comprise A Ground And First Floor Retail Unit Contained Within A Traditionally Constructed Mid Terraced Building. The Property Comes With An Area Of Ground/car Parking To The Rear. Access To The Property Is Directly Off Nethergate. The Subjects Are Occupied By Barrie Dear Ltd (pharmacy) And As Such Are Fitted Out In Connection With The Business Carried On Therein. Ground Floor Accommodation Is Mainly Retail In Its Nature With The Upper Floors Being Utilised For Office/storage. At The Time Of Inspection The Property Was Undergoing Refurbishment Works Internally.

About the Agent

Graham & Sibbald-Dundee

See Agent's Other Properties

Investment Unit

£375,000 Freehold

135-139,Nethergate, Dundee, DD1 4DP
Investment - Under Offer
1,934 sq ft
180 sqm
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