Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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 western 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. (Scottish Equivalent of English Freehold).
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 western 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. (Scottish Equivalent of English Freehold).
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.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
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.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
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)
HOMECARE SCOTLAND LTD
3 years from 01/10/2015 £
£6,000 (3)
30/09/2018
Advertising Hoarding
PRIMESIGHT LIMITED
5 years from 01/04/2014
£1,200
31/03/2019
Totals
730.90 sq m
(7,867 sq ft)
£83,688
(1) The tenant has sublet the property. (2)For the year ending 27th December 2014, Superdrug Stores plc reported a turnover of 1,058,047,000, pre-tax profits of £38,044,000 and a total net worth of £138,513,000. (Source: Experian Group 03/11/2015) (3)The rental income stated for the office accommodation includes the tenant’s service charge contribution.