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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Trustees

Interested?

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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

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

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

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)