No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
Features and description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 25 January 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
The subjects comprise a substantial glazed fronted retail unit, accessed via a central recessed double pedestrian door which leads to the main retail space. Internally the subjects provide a well lit open plan retail space, along with office, staff and storage space. NIL RATES PAYABLE UNDER SMALL BUSINESS RATE RELIEF SCHEME - VERY GOOD PERFORMER UNIT - The property is situated on the east side of High Street within the suburb of Lochee in Dundee. LEASE AGREEMENT: Tenant in place since October 2023 on 15 year FRI lease agreement at £15,000 per annum. Break option October 2028. Net Area internally: 510.96 Sq.M (5,500 Sq.Ft). Surrounding occupiers include a number of national retailers such as Ladbrokes, Greggs and Superdrug along with a mix of well established local traders. Dundee is Scotland’s fourth largest city with an estimated population in the region 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 90% of the country’s population within 90 minutes drive time. The subjects themselves are located on the east side of Lochee High Street, a popular neighbourhood shopping area, around 2 miles north west of Dundee City Centre.
Auction Details
25 January 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
The subjects comprise a substantial glazed fronted retail unit, accessed via a central recessed double pedestrian door which leads to the main retail space. Internally the subjects provide a well lit open plan retail space, along with office, staff and storage space. NIL RATES PAYABLE UNDER SMALL BUSINESS RATE RELIEF SCHEME - VERY GOOD PERFORMER UNIT - The property is situated on the east side of High Street within the suburb of Lochee in Dundee. LEASE AGREEMENT: Tenant in place since October 2023 on 15 year FRI lease agreement at £15,000 per annum. Break option October 2028. Net Area internally: 510.96 Sq.M (5,500 Sq.Ft). Surrounding occupiers include a number of national retailers such as Ladbrokes, Greggs and Superdrug along with a mix of well established local traders. Dundee is Scotland’s fourth largest city with an estimated population in the region 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 90% of the country’s population within 90 minutes drive time. The subjects themselves are located on the east side of Lochee High Street, a popular neighbourhood shopping area, around 2 miles north west of Dundee City Centre.
Auction Details
25 January 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
About this agent
We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.