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1A-2 High St

Shop for sale

£785,000 5,082 sq ft

View the performance or update the listing in CoStar
Contacts

Graham Waddell - Singer Vielle Scotland

Gavin Anderson - Whitelaw Baikie Figes

Jonathan Reid - J & E Shepherd

Full address
1A-2 High St, Dundee DD1 1SX – Dundee
Property owner
Ballyrawer Estates Ltd
Property type
Shop for sale
Asking price
£785,000
Available space range
There is 1 space available. This measures 5,082 sq ft.
Features
Restaurant

Sale details

Sale unit 3951984 Available

5,082 sq ft, £154.47 per sq ft

Unit Sale unit 3951984
Address 1A-2 High St, Dundee, Dundee City, DD1 1SX, GB
Size 5,082 sq ft
Price £785,000
Price per unit £154.47 per sq ft
Unit Sale unit 3951984
Address 1A-2 High St, Dundee, Dundee City, DD1 1SX, GB
Size 5,082 sq ft
Price £785,000
Price per unit £154.47 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 9.67%
Financial type Actual
Financial year 2018
Net operating income £75,910

Sale notes

  • New 15 year fri lease until october 2033 with no breaks.
  • Lease in tenant’s personal name.
  • Market rent of £80,000 pa (previously £125,000pa).
  • Fixed rental increase to £90,000 in november 2023.
  • Rental deposit held for 10 years.
  • Unit benefits from full class 3 consent and has been comprehensively refurbished and upgraded.
  • Offers in excess of £840,000.
  • Attractive net initial yield of 9.03%.
  • Guaranteed reversionary yield of 10.16%.

Property description

The property comprises a corner building of masonry construction with ground floor retail accommodation totalling 5,082 sq ft. Construction was completed in 1887.

The property is located at the corner of High Street and Castle Street which provides direct access to the A90 Kingsway West and the Town Centre. Dundee is the nearest train station located to the south fo the property. Dundee Airport is also in close proximity.

Building subtype
Storefront
Number of storeys
5
Rentable building area
5,082 sq ft
Year built
1887

Major tenants

Kentucky Fried Chicken (Great Britain) Ltd Lease ends Jun 2022 4,446 sq ft
KFC
KFC

This shop for sale is located in Dundee.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Singer Vielle Scotland. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Singer Vielle Scotland for full details and further information.