Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding, multi-let, industrial/workshop investment.
Situated in the heart of Dundee, the property offers 11,227 sq ft (1,042.99 sq m) of accommodation across ground and first floors.
Internally, the property comprises a mix of warehouse/workshop space, with offices and storage.
The property is let to eight tenants on separate leases, producing a total aggregate rent of £26,979 per annum. There are two vacant units offering immediate reversion potential.
Furthermore, a number of tenants are "holding over" but have been in occupation in excess of 10 years. There is therefore potential for asset management and further rental reversion via lease renewals.
Tenure
Freehold
Tenancy
The property is let to eight tenants on separate leases, producing a total aggregate rent of £26,979 per annum. There are two units vacant.
Please see the tenancy schedule and legal pack for further information.
Rent
Notes
Please note Savills have not inspected the property, therefore any drawings, plans and areas are for illustrative purposes only. Purchasers should rely on their own enquiries.
We understand the property is elected for VAT, it is anticipated the sale can be treated as a Transaction of a Going Concern (TOGC)