SALE BY ONLINE AUCTION 1ST OCTOBER 2020 2020 AT 9.00AM.
Online Property Auctions Scotland are delighted to offer this excellent commercial investment opportunity in the City of Dundee with strong existing rental return from sitting tenant.
COMMERCIAL INVESTMENT, 120-122 ALBERT STREET, DUNDEE, DD4 6QN
• Excellent Commercial Investment let on a fresh 10 year Lease (March 2019) ***Total Internal Area Circa: 820 sq ft ***Secure Income: £7,500 per annum***10% Yield in a popular location*** The property has undergone a substantial internal refurbishment programme by both landlord & tenant costing in excess of £20,000***
• 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 are let***
• 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 in a Key & Highly sought after location within Central Dundee. ***Prominent & High Footfall Location***The property is let on a brand new 10 YEAR COMMERCIAL LEASE***Rent is £7,500 per annum***Secure Income***Internal Area Circa: 820Sq 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 High Yielding Opportunity & Substantial Interest is Expected****
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* 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.