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.