Heritable Shop Investment
Heritable Shop Investment
Lochee is a suburb two miles north-west of Dundee city centre. The property is located in Lochee town centre on High Street, close to its junction with Methven Street. The Stack Leisure Park is located 100 metres to the east, where occupiers include Aldi, Gala, The Range, The Gym and Smyths. To the west there are 2 car parks located close by. Occupiers close by on High Street include William Hill, Ladbrokes, Poundstretcher, Boots, Semi-Chem, Greggs, Farmfoods and PDSA.
Heritable. (Scottish equivalent of English Freehold).
Lochee is a suburb two miles north-west of Dundee city centre. The property is located in Lochee town centre on High Street, close to its junction with Methven Street. The Stack Leisure Park is located 100 metres to the east, where occupiers include Aldi, Gala, The Range, The Gym and Smyths. To the west there are 2 car parks located close by. Occupiers close by on High Street include William Hill, Ladbrokes, Poundstretcher, Boots, Semi-Chem, Greggs, Farmfoods and PDSA.
Heritable. (Scottish equivalent of English Freehold).
The property comprises a ground floor shop with sales and storage accommodation.
VAT is not applicable to this lot.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop with sales and storage accommodation.
VAT is not applicable to this lot.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 124 sq m |
(1,334 sq ft) |
ADENSTONE LIMITED to trade as Cash Converters |
10 years from 03/04/2018 on full a repairing and insuring lease (1) |
£12,500 (3) | 2023 |
| Total |
124 sq m |
(1,334 sq ft) | £12,500 | ||||
(1) Tenant’s option to determine in 2022 upon six months’ written notice.
(2) Business Rates Relief may apply (Source: www.mygov.scot/business-rates-relief).
(3) There is a six month rent free period for which the vendor will top up the rent, so the buyer effectively receives £12,500 per annum from completion. There is a further three month rent free period from the first anniversary of the term.
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