177-185 High Street, Dundee, DD2

Substantial Retail Parade
Large Dedicated Car Park To Rear
Income Producing: £35130p.a.x.
Large Development Opportunity
Price: o/o £265,000

Location

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.

Property

The development comprises 4 commercial retail units of 2 stories and a flat roof, further a substantial car park is to the rear overlaid in hardstanding.

The units are currently income producing held on F.R.I leases however the site as a whole would lend itself to redevelopment either of a commercial or residential nature (subject to obtaining necessary consents)

Summary Details;

177 High Street, Lochee

Tenant: Tesla 147 Ltd t/a The New Crown
Expiry: 22nd August 2032
Passing Rent: £12,250p.a.x.
Review: August 2027

Ground: 59.52sqm (641sq ft)
1st Floor: 33.62sqm (362sq ft)

Total: 93.14sqm (1,003sq ft)

179 High Street, Lochee

Tenant: Personal Name t/a Sew Neat
Expiry: July 2025
Passing Rent: £6,240p.a.x.

Ground: 64.71sqm (671sq ft)
1st: 29.46sqm (317sq ft)

Total: 94.17sqm (1,014sq ft)

181 High Street, Lochee

Vacant

Ground: 64.74sqm (697sq ft)
1st: 36.01sqm (388sq ft)

Total: 100.75sqm (1,085sq ft)


183 High Street, Lochee

Tenant: Personal Name t/a Tribal Skribe
Expiry: 31st July 2012 (Running on Tacit)
Passing Rent: £6,240p.a.

Ground: 65.65sqm (707sq ft)
1st: 29.72sqm (320sq ft)

Total: 95.37sqm (1,027sq ft)

185 High Street, Lochee

Tenant: Personal Name t/a Lochee Sports Club
Expiry: 30th August 2024
Passing Rent: £10,400p.a.

Price

The full portfolio is available on a freehold basis for o/o £265,000

V.A.T.

Figures quoted exclusive of V.A.T.

Viewing

Whilst it is a good idea to visit a trading business that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.

E.P.C.

A copy of the E.P.C. will be made available for any interested party

Title & Lease

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.