65 Albert Street, Dundee, Angus, DD4 6NZ

  • Unconditional Online Auction Sale
  • Guide Price* : £21,000

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 tenanted commercial investment opportunity in the City of Dundee.

RETAIL UNIT: 65 ALBERT STREET, DUNDEE
• Tenanted Retail Investment---Currently let for £2100 per annum---Affordable Lot Size***Ideal Opportunity***10% Rental Return at Guide Price*** Rare Opportunity***LONG TERM TENANT***Possible Substantial Rental Increase***
• EXCELLENT RENTAL GROWTH PROSPECTS***Potential Market Rent: £3,600 per annum***This Retail Unit Must Be Sold*** High Footfall and popular location on Key arterial route in Dundee***
• ***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.***Unique Property in popular Investment City***
• ***24 Albert Street Sold £36k (Feb 15)***Affordable Well Let Retail Units Seldom Come Up For Sale in Unique Location***10% Rental Return At Guide Price**This property has been internally modernised ***Excellent Condition & Fully Managed Property***Tenant pays rent in advance***
• Dundee is currently undergoing a massive***£1 Billion Pounds*** redevelopment & regeneration programme---This City is considered a property Hot Spot by many professional property investors***Great Opportunity +++Property Hot Spot +++ Property Hot Spot+++
• This Year The Victoria & Albert Museum will be opening in Dundee. Major International Chains are opening hotels in Dundee City Centre*** High Yielding Investment Opportunity *** Expectations of Capital Growth***
***RARELY SEEN FOR SALE***Affordable***Well Let Retail Unit in Popular Location***10% Rental Return at Guide Price***The property has been occupied by the current tenant for number of years***Currently let for £2100 per annum***Exceptional opportunity to acquire an affordable retail unit in a Prime & Prominent position in a sought after location within Central Dundee***Prominent & High Footfall Location Presented in Good Order***Ready To Occupy***Dundee is considered by many property investors & speculators as a +++Property Hot Spot +++with substantial possibly price growth 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 Opportunity & Substantial Interest is Expected****

* 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.

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TBA


Bidding Opens On
9th Jul 2020 09:00
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