Units 1-3, 138 High Street Lochee Dundee Angus DD2 3BZ

Units 1-3, 138 High Street
Lochee
Dundee
Angus
DD2 3BZ

Heritable Retail Parade Investment

  • Tenants include Superdrug Stores plc and Beauty Concessions Ltd (t/a Semi-Chem)
  • Town centre location
  • Close proximity to Stack Leisure Park
  • Nearby occupiers include William Hill, Poundstretcher, Santander, Boots, PDSA and Greggs
  • Lot
    74
  • Auction
    23rd October 2014
  • Rent
    £77,688 per Annum Exclusive
  • Status
    Sold
  • Price
    £460,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Trustees
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Parade Investment

  • Tenants include Superdrug Stores plc and Beauty Concessions Ltd (t/a Semi-Chem)
  • Town centre location
  • Close proximity to Stack Leisure Park
  • Nearby occupiers include William Hill, Poundstretcher, Santander, Boots, PDSA and Greggs
  • Lot 74
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £460,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Trustees

Property Information

Location
Miles
2 miles north-west of Dundee city centre
20 miles east of Perth
Roads
A90, A92
Rail
Dundee Railway Station (Mainline)
Air
Dundee Airport
Situation

Lochee is a suburb of Dundee and lies approximately 2 miles northwest of Dundee city centre. The property is located on the west side of the High Street close to its junction with Methven Street.Nearby occupiers include William Hill, Poundstretcher, Santander, Boots, PDSA and Greggs. The neighbouring Stack Leisure Park has tenants including The Range, Home Bargains and Aldi.

Tenure

Heritable.

Location
Miles
2 miles north-west of Dundee city centre
20 miles east of Perth
Roads
A90, A92
Rail
Dundee Railway Station (Mainline)
Air
Dundee Airport
Situation

Lochee is a suburb of Dundee and lies approximately 2 miles northwest of Dundee city centre. The property is located on the west side of the High Street close to its junction with Methven Street.Nearby occupiers include William Hill, Poundstretcher, Santander, Boots, PDSA and Greggs. The neighbouring Stack Leisure Park has tenants including The Range, Home Bargains and Aldi.

Tenure

Heritable.

Description

The property, a modern retail parade, comprises ground floor retail
accommodation with first floor office/ancillary accommodation. There is an additional self-contained office suite accessed from the rear. The property benefits from a service yard and car parking to the rear.

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers. Please contact Mhairi Jarvis. Tel: +44 (0)131 554 1705.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a modern retail parade, comprises ground floor retail
accommodation with first floor office/ancillary accommodation. There is an additional self-contained office suite accessed from the rear. The property benefits from a service yard and car parking to the rear.

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers. Please contact Mhairi Jarvis. Tel: +44 (0)131 554 1705.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversions
1 Ground
First
Retail
Ancillary
121.10 sq m
22.00 sq m
(1,304 sq ft)
(237 sq ft)
SSE
RETAIL LTD (1)
25 years from 11/01/1993 £21,400 10/01/2018
2 Ground
First
Retail
Ancillary
222.90 sq m
148.50 sq m
(2,399 sq ft)
(1,598 sq ft)
SUPERDRUG STORES PLC (2) 25 years from 18/01/1993 £36,850 17/01/2018
3 Ground Retail
114.40 sq m
(1,231 sq ft)
BEAUTY CONCESSIONS LTD (t/a Semi-Chem) 25 years from 18/01/1993 £18,238 17/01/2018
  First/Attic Office
102.00 sq m
(1,098 sq ft)
VACANT POSSESSION      
Advertising Hoarding    
PRIMESIGHT LIMITED 5 years from 01/04/2014 £1,200 31/03/2019
Totals
730.90 sq m
(7,867 sq ft)
    £77,688

(1) The tenant has sublet the property.
(2)For the year ending 31st December 2013, Superdrug Stores plc reported a turnover of 1,010,212,000, pre-tax profits of £28,982,000 and a total net worth of £122,235,000. (Source: www.riskdisk.com 25/09/2014)

Property Documents

  • Site Plan
    Updated Date
    01.10.14
    File Size
    56 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    641 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Dallas McMillan Regent Court, 70 West Regent Street
Glasgow
G2 2QZ
Anne Hunter 0141 530 9111ah@dallasmcmillan.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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