34-42 Blinshall Street, Dundee, Dundee City, DD1 5DF
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- SIZE
Ask agent
- SECTOR
Storage facility for sale
Key features
- Substantial Commercial Investment Multi-Let to 8 Tenants, with Two Vacant Units
- Currently Producing £26,979 per Annum Providing a Yield of 13.8% at Guide Price
- Ideal Investment Opportunity with Immediate Income Stream
Description
Online Property Auctions Scotland are delighted to present this incredible investment opportunity in Dundee - a large commercial unit, currently multi-let to 8 tenants and producing £26,979 per annum. Two units within the building are currently vacant, and would increase the rental income further when tenanted.
***PLEASE NOTE, RENTAL FIGURES QUOTED ARE SUBJECT TO REVIEW, PLEASE REFER TO LEGAL PACK FOR FULL SCHEDULE OF CURRENT OCCUPANCY AND RENTAL FIGURES***
- Asset Management Potential Via Lease Renewals and Letting of Vacant Units
- 11,227 sq ft (1,042.99 sq m)
- Established City Centre Location
The property offers 11,227 sq ft (1,042.99 sq m) of accommodation across ground and first floors, situated in the heart of Dundee.
Internally, the property comprises a mix of warehouse/workshop space, with offices and storage.
The property is let to eight tenants on separate leases, producing a total aggregate rent of £26,979 per annum. There are two vacant units which could also be leased, increasing the rental value and potential return.
Dundee has an estimated population of 145,000 and a catchment population of around 515,000. It is Scotland's fourth largest city and is the regional centre for commerce, retailing and employment in the Tayside region. It is located on the east coast of Scotland.
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We understand the property is elected for VAT, it is anticipated the sale can be treated as a Transaction of a Going Concern (TOGC)
Brochures
34-42 Blinshall Street, Dundee, Dundee City, DD1 5DF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Dundee Station0.6 miles
- Invergowrie Station2.9 miles
- Broughty Ferry Station4.2 miles
About Online Property Auctions Scotland, Online Property Auctions Scotland
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Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auctions Scotland, Online Property Auctions Scotland on 01409 335799.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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