SALE BY ONLINE AUCTION 9TH JULY 2020 AT 9.00AM
Online Property Auctions Scotland are delighted to offer this excellent investment opportunity.
COMMERCIAL INVESTMENT, 42 ALBERT STREET, DUNDEE
• Excellent Commercial Investment let on a 20 year lease Lease (October 2017) ***Total Internal Area Circa: 540 sq ft***The property trades as a successful Turkish Barbers ***Long Term Secure Income: £4,200 per annum***8% Yield in a popular location*** The property is presented in fabulous internal condition***All rent Payments are up to date***
• Prominent Position on a Key arterial route***Dundee has 2 Universities & a population of circa 160,000 people---The 4th Largest city in Scotland & is on the main route linking Aberdeen with both Glasgow & Edinburgh.
• 133 Albert Street Sold £76k (Oct 18)**130-132 Albert Street Sold £120k (March 2018)**163 Albert Street Sold £120k (March 2018)**5 Albert Street Sold £150k***Popular affordable commercial location***All the units on this parade occupied*** High Level of Demand from occupiers***
• Dundee is currently undergoing a massive regional continued redevelopment & regeneration programme---This City is considered a property Hot Spot by many professional property investors***Great Opportunity +++Property Hot Spot +++ Property Hot Spot+++
• Dundee plays host to The Victoria & Albert Museum. Major International Chains are opening hotels in Dundee City Centre*** High Yielding Investment Opportunity *** Expectations of Capital Growth***
***Exceptional opportunity to acquire an affordable commercial investment in Dundee This property has been operating as a Turkish Barber since 2017 *** ***GREAT TENANT*** ALL RENT UP TO DATE***Prominent & High Footfall Location***The property is let on a 20 Year Lease with no breaks and upward only rent reviews***The current rent is £4,200 per annum***Long Term Secure Income***Internal Area Circa: 540 Sq Ft***Internally Fully Modernised ***Dundee is considered by many property investors & speculators as a +++Property Hot Spot +++with substantial possible price growth expected due to the huge investment programme being rolled out across Dundee. Including: re-development of the Waterfront, New housing, Construction of museums, natural expansion of the City Centre.***Albert Street is an established retailing destination in Dundee and this property is close to Co-op food store, Banks, Boots the Chemist, Ladbrokes & a large number of known retailers*** Dundee offers promising investment opportunities and should be considered when looking for ****High Yielding Investment Property with exceptional capital growth prospects***RARE Affordable Long Term secure Income** Ideal for portfolio and pension investment***
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.