FOR SALE RETAIL INVESTMENT

Key Information

• Income Producing Retail Property
• City Centre Location
• Let To Black Sheep Coffee
• Lease Expiring June 2038 (Subject To Break Option)
• Passing Rent £45,000 Per Annum
• Offers Of £450,000 Are Invited
• NIY 9.59%

Property Description

The subjects comprise a ground, first and basement level retail unit contained within a traditionally constructed mid terraced building. The property has the benefit of a large glazed modern double frontage directly onto High Street. The subjects are occupied by Black Sheep Coffee and as such are fitted out in connection with the corporate brand. Ground floor level comprises the Café with WC facilities. The layout is modern and open plan. Upper floors and basement level are utilised for storage and staff facilities.

Dundee is Scotlands fourth largest city with an estimated population of approximately 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retail and employment within the Tayside region and is located on the east coast of Scotland with 90% of the country's population within a 90 minutes' drive time. More precisely, the property sits on the north side of Dundee High Street between its junction with Reform Street and the continuation to Murraygate. High Street forms part of Dundee's prime pedestrianised retail thoroughfare merging to the Overgate Shopping Centre. Surrounding tenants are largely of a local covenant to include, Greggs, RBS, Ladbrokes etc. The approximate location is shown by the plan.