Retail property (high street) for sale

Summary

Prime city centre location

Mixed-use & fully occupied

Offers over £200,000 invited

Passing rent of £26,000 per annum

Reflects net initial yield of 12.74%

Location

Dundee is Scotland’s fourth largest city with a population of 150,000. The city is undergoing major redevelopment along the waterfront with the recently developed V&A Museum, Dundee Railway Station and Grade A offices to attract more talent and industry to the region. The city is well known for its universities, medicine and life sciences and technological industries.

Murraygate is Dundee’s primary pedestrianised retail high street. The subjects occupy a prime position with neighbouring occupiers including WH Smith, Specsavers, Bank of Scotland and Café Nero. The subjects benefit from the city centre’s public transport services as well as various nearby multi-storey and on-street car parks.

Description

The subjects comprise a mixed-use commercial building of traditional stone construction beneath a pitched and slated roof. The property benefits from attractive and intricate masonry on a white-painted façade above ground full display frontage.

The ground floor comprises Class 3 restaurant premises trading as Horeb Food Company with rear upper level storage, WC and ancillary space. There is seating capacity for 26 guests in front of an open-concept fully fitted kitchen together with rear office and customer WC facilities. The premises are fitted out to a modern specification attracting customers into a colourful Afro-Caribbean dining experience.

The two upper floors comprise beauty salon premises trading as The Hair Lounge and Polished Beauty. The 1st floor consists a modern open plan hair salon together with reception/sales and soft seating area. There are 10 styling stations arranged in a bright and modern environment, reflecting a professional practice. The 2nd floor consists modern beauty practice with treatment tables and two private rooms. There are WC facilities to the rear and private office/store.