42 Albert Street, Dundee, Angus, DD4 6QQ

  • Unconditional Online Auction Sale
  • Guide Price* : £52,500

SALE BY ONLINE AUCTION 9TH JULY 2020. Online Property Auctions Scotland are delighted to offer this tenanted commercial shop premises in the City of Dundee with existing tenant and solid rental return.

Description

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.

The auction has not yet started
Minimum Opening Bid

TBA


Bidding Opens On
9th Jul 2020 09:00
End Date

Connecting to server...

Agreement Documents

Legal Documents

Log in to view legal documents

Share This Lot