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)