Retail investment opportunity on busy city centre parade in Dundee for sale
Shepherd Chartered Surveyors is offering a retail investment opportunity in a high profile location on a busy city centre parade in Dundee for sale.
The property is situated on the south side of Nethergate, a busy retail location within the core retail frontage opposite the Overgate Centre and adjacent to principal links between the city centre, rail station and V&A. The main city centre taxi rank is located opposite the property with the city centre bus drop-off points located close-by.
The 1,680 sq ft retail unit, part of a mid-terraced tenement, has front and rear shop areas, staff accommodation and basement.
Ronald Dalley, surveyor at Shepherd’s Dundee office, said: “Vaporized has traded at this address since 2014 on a lease that runs until August 2019. The rent currently charged is £25,000 per annum. Offers in excess of £265,000 will be considered. An acquisition at this price provides an initial investment return of 9.15% after purchaser’s costs.”
Interested parties should contact the sole selling agent on Tel 01382 200454.
For further information please contact Shepherd on Tel 01382 200454