Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a prominent retail unit of 1,524 sq ft (141.59 sq m) let to Hidden Hearing Limited.
Arranged across ground floor and basement, the property provides sales space and consultation areas associated with the tenants business of providing hearing consultancy services.
The property is let to Hidden Hearing Limited on a lease expiring August 2028 and paying a rent of 16,000 per annum.
The tenants have recently completed an extensive refurbishment/fit out and have shown commitment to the location by virtue of this and their 2022 break clause which was not exercised.
Castle Street is a popular retail street which connects directly to Dundee High Street. Castle Street also serves as one of the principal conduits between the High Street and the station, the waterfront and the dock area.
Tenure
Freehold
Tenancy
The property is let to Hidden Hearing Limited on a lease expiring 10 August 2028 and paying a rent of £16,000 per annum. The lease was extended for a further 10 years following of expiry of the original lease in 2018 and is on full repairing and insuring terms.
The lease includes five yearly rent reviews to the greater of open market rent or the Retail Price Index (RPI) and included a break clause in 2022 which was not exercised.
Tenant Information
Hidden Hearing Limited are a well known national occupier providing hearing services. The business has a Dunn & Bradstreet Rating of 4A1 with the most recent accounts showing Turnover of over £60,000,000 and pre tax profits of £1,570,000.
Rent
Notes
Please note Savills Auctions have not inspected the property. Any drawings, plans, areas and photographs are for illustrative purposes only and purchasers should rely on their own enquiries.