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Tenanted Commercial Lot 49

Dundee, DD2 - Get Access

Description

Tenanted commercial premises with dedicated parking spot to rear of property. Refurbished internally. Internally 300 Sq.Ft open plan accommodation in excellent condition. Refurbished with double glazing, internal toilet and kitchen facilities. Tenure: Freehold - Outright Ownership. Tenanted investment with tenant paying £350 per month - £4,200 per annum. EXCELLENT SIZE with square footage circa 300 Sq.Ft. VAT FREE PROPERTY. Occupiers nearby including Superdrug, Boots The Chemist, British Heart Foundation, Semi-Chem and Poundstretcher. Lochee is a densely populated district situated some 3 miles north west of Dundee City Centre. Would be an ideal long term investment with tenant paying £350 per month. Car parking included in sale. VERY GOOD PERFORMER UNIT - The property is situated on the east side of High Street within the suburb of Lochee in Dundee. All units occupied in building. On street customer parking available. NIL RATES PAYABLE UNDER SMALL BUSINESS RATE RELIEF SCHEME - VERY GOOD PERFORMER UNIT - The property is situated on the east side of High Street within the suburb of Lochee in Dundee. All units occupied in building. On street customer parking available. Lochee is a densely populated district situated some 3 miles north west of Dundee City Centre. Would be an ideal long term investment with tenant paying £350 per month. Car parking included in sale. Tenancy Details: Type of Agreement: Basic Lease Length: Annual Rent: £4,200 per year / £350 per month Yield: 16% (approx) Tenant: Private Individual Notes: Tenanted investment with tenant paying £350 per month - £4,200 per annum. Lease signed February 2023 until February 2024. Beauty Salon. Maps & Location: Dundee is located on the East Coast of Scotland approximately mid way between Aberdeen (65 miles) and Edinburgh (60 miles) overlooking the Tay Estuary and has a resident population of circa 155,000 persons and a catchment of some 235,000 persons. Dundee is Scotland’s fourth largest City and is the regional centre for employment, services and retailing within Tayside.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 300 sq ft (Listing)

The property is a tenanted commercial unit located in Lochee, Dundee. Valued as an investment property, considering the rental income and yield. The valuation is primarily based on the income generated by the tenant and the property's commercial use, cross-referenced with general commercial property values in the area. The internal condition and floor area have also been considered.

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