Unit 8 Monifieth Shopping Centre
£237.39 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
674 sq ft
63 sq m
- SECTOR
Shop for sale
Key features
- PRIME NEW LISTING. We are excited to present this Tenanted Commercial unit located within a prime location in Monifieth.
- Currently producing £1,000 pcm (£12,000 pa). RV £6,400 may qualify for 100% Small Business Bonus rates relief, subject to eligibility.
- Let to Ladbrokes with a lease running to 27/08/2030 and a tenant break on 27/08/2028, with rent paid up to date and c.£170,000 paid to date.
- This is a genuine turnkey investment with a long-term tenant in place, offering a straightforward, hands-off addition to an investor's portfolio.
- Set within a popular local shopping centre, the unit benefits from consistent footfall and strong passing trade throughout the day.
Description
- Currently producing £1,000 pcm (£12,000 pa). RV £6,400 may qualify for 100% Small Business Bonus rates relief, subject to eligibility.
- Let to Ladbrokes with a lease running to 27/08/2030 and a tenant break on 27/08/2028, with rent paid up to date and c.£170,000 paid to date.
- This is a genuine turnkey investment with a long-term tenant in place, offering a straightforward, hands-off addition to an investor's portfolio.
- Set within a popular local shopping centre, the unit benefits from consistent footfall and strong passing trade throughout the day.
PRIME NEW LISTING. We are excited to present this Tenanted Commercial unit located within prime location in Monifieth.
The property comprises a retail commercial unit, ideally suited to a range of customer-facing and service-based uses, and positioned to take advantage of the established shopping centre setting.
The property is currently producing £1,000 per month, which is £12,000 per annum, making it a turnkey, income-producing investment for a shrewd investor. The passing rent aligns with the stated market rent of £1,000 per month (£12,000 per annum), providing an attractive benchmark for future planning, subject to due diligence.
The property is held on a freehold basis, giving the buyer outright ownership and long-term control over an established commercial asset.
The unit is let to Ladbrokes at Unit 8, Monifieth Shopping Centre, Monifieth DD5 4BA. The lease expires on 27/08/2030 and benefits from a break option on 27/08/2028, with the rent stated at £12,000 per annum (£1,000 monthly) and the rent reported as paid up to date, with £170,000 paid to date.
This is a turnkey investment with a longterm tenant in place, offering immediate income with minimal day-to-day involvement required from the purchaser.
The property is in a great area with high footfall, supporting continued occupier demand and helping underpin the long-term investment fundamentals.
The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.
The rateable value is £6,400, which may qualify for 100% business rates relief under the Small Business Bonus Scheme, subject to eligibility.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website.
This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team.
Location
Monifieth is a well-established coastal town in Angus, positioned between Dundee and Carnoustie, and benefits from a strong local catchment alongside regular passing trade. The area supports a good mix of neighbourhood retail and service occupiers, with Monifieth Shopping Centre providing a convenient, day-to-day commercial hub. Transport connectivity is a key advantage, with road links via the A92 and nearby rail services offering straightforward access for staff, customers and deliveries. Ongoing demand from local operators and national tenants is underpinned by the town's busy high street environment and commuter profile, making this a compelling location for resilient commercial income.
Unit 8 Monifieth Shopping Centre
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Monifieth Station0.2 miles
- Balmossie Station1.0 miles
- Broughty Ferry Station2.4 miles
Notes
Disclaimer - Property reference 228750800. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Prime Property, Glasgow on 0141 673 3554.
*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.”