24-26 Murraygate Dundee DD1 2AZ

24-26 Murraygate
Dundee
DD1 2AZ

Heritable Retail Investment

  • Prominent position on the pedestrianised Murraygate
  • Well let to Mountain Warehouse Ltd and Sportswift Ltd
  • Neighbouring occupiers include Marks & Spencer, Deichmann and British Heart Foundation
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    37
  • Auction
    25th May 2017
  • Rent
    £110,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £980,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Aviva
  • Expand
  • Photos
  • Map

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

Heritable Retail Investment

  • Prominent position on the pedestrianised Murraygate
  • Well let to Mountain Warehouse Ltd and Sportswift Ltd
  • Neighbouring occupiers include Marks & Spencer, Deichmann and British Heart Foundation
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 37
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £980,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Aviva

Property Information

Location
Miles
23 miles east of Perth, 55 miles north of Edinburgh
Roads
A85, A90, A92, M90
Rail
Dundee Railway Station
Air
Dundee Airport
Situation

The property is located within the prime pedestrianised section of Murraygate, close to
Marks & Spencer. Other occupiers located nearby include British Heart Foundation, Deichmann and Burton. Murraygate runs between the High Street and the Wellgate Shopping Centre and is the main retailing pitch in Dundee city centre.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
23 miles east of Perth, 55 miles north of Edinburgh
Roads
A85, A90, A92, M90
Rail
Dundee Railway Station
Air
Dundee Airport
Situation

The property is located within the prime pedestrianised section of Murraygate, close to
Marks & Spencer. Other occupiers located nearby include British Heart Foundation, Deichmann and Burton. Murraygate runs between the High Street and the Wellgate Shopping Centre and is the main retailing pitch in Dundee city centre.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises retail and ancillary accommodation over ground and first floors. This self-contained building forms part of a larger traditional tenement building.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises retail and ancillary accommodation over ground and first floors. This self-contained building forms part of a larger traditional tenement building.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

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 Reversion
24
Ground
First
Retail Ancillary/Storage
239.69 sq m 378.30 sq m
(2,580 sq ft) (4,072 sq ft)
MOUNTAIN WAREHOUSE
LIMITED (1)
5 years from
13/06/2016
£50,000
12/06/2021
26
Ground
Retail
256.22 sq m
(2,758 sq ft)
SPORTSWIFT
LIMITED
t/a Card Factory
(2)
15 years from
23/06/2008
£60,000

22/06/2023
Totals
   
874.21 sq m
(9,410 sq ft)
    £110,000
 

(1) For the year ending 28th February 2016, Mountain Warehouse Limited reported a turnover of £141,403,000, pre-tax profits of £16,246,000 and a total net worth of £49,311,000 (Source: Experian Group 25/04/2017).
(2) For the year ending 31st January 2016, Sportswift Limited reported a turnover of £362,226,000, pre-tax profits of £92,210,000 and a total net worth of £80,967,000 (Source: Experian Group 25/04/2017). Opened in 1997, Card Factory is a leading specialist retailer in the UK greetings card market and operate from over 850 stores across the UK (Source: www.cardfactory.co.uk 25/04/2017).

Property Documents

  • Site Plan
    Updated Date
    03.05.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    2 MB
    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
Brodies LLP 15 Atholl Crescent
Edinburgh
EH3 8HA
Clare Dewar 0131 656 0066clare.dewar@brodies.com

Useful Links

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

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