Units 1 – 3, 138 High Street Lochee Dundee Angus DD2 3BZ

  • Units 1 – 3, 138 High Street<br>Lochee<br>Dundee<br>Angus<br>DD2 3BZ

Units 1 – 3, 138 High Street
Lochee
Dundee
Angus
DD2 3BZ

Heritable Retail Parade Investment

  • Tenants include Superdrug Stores Plc, SSE Retail Ltd, Beauty Concessions Ltd and Homecare Scotland Ltd
  • Town centre location
  • Close proximity to Stack Leisure Park
  • Nearby occupiers include William Hill, Poundstretcher, Santander, Boots, PDSA and Greggs
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    72
  • Auction
    10th December 2015
  • Rent
    £83,688 per Annum Exclusive
  • Status
    Sold
  • Price
    £610,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Retail Parade Investment

  • Tenants include Superdrug Stores Plc, SSE Retail Ltd, Beauty Concessions Ltd and Homecare Scotland Ltd
  • Town centre location
  • Close proximity to Stack Leisure Park
  • Nearby occupiers include William Hill, Poundstretcher, Santander, Boots, PDSA and Greggs
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 72
  • Auction 10th December 2015
  • Rent £83,688 per Annum Exclusive
  • Status Sold
  • Price £610,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
2 miles north-west of Dundee city centre, 20 miles east of Perth
Roads
A90, A92
Rail
Dundee Railway Station (Mainline)
Air
Dundee Airport
Situation

Lochee is a suburb of Dundee and lies approximately 2 miles northwest of Dundee city centre. The property is located on the western side of the High Street close to its junction with Methven Street.
Nearby occupiers include William Hill, Poundstretcher, Santander, Boots, PDSA and Greggs. The neighbouring Stack Leisure Park has tenants including The Range, Home Bargains and Aldi.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
2 miles north-west of Dundee city centre, 20 miles east of Perth
Roads
A90, A92
Rail
Dundee Railway Station (Mainline)
Air
Dundee Airport
Situation

Lochee is a suburb of Dundee and lies approximately 2 miles northwest of Dundee city centre. The property is located on the western side of the High Street close to its junction with Methven Street.
Nearby occupiers include William Hill, Poundstretcher, Santander, Boots, PDSA and Greggs. The neighbouring Stack Leisure Park has tenants including The Range, Home Bargains and Aldi.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property, a modern retail parade, comprises ground floor retail accommodation with first floor office/ancillary accommodation. There is an additional self-contained office suite accessed from the
rear. The property benefits from a service yard and car parking to the rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a modern retail parade, comprises ground floor retail accommodation with first floor office/ancillary accommodation. There is an additional self-contained office suite accessed from the
rear. The property benefits from a service yard and car parking to the rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversions
1 Ground
First		 Retail
Ancillary
121.10 sq m
22.00 sq m
(1,304 sq ft)
(237 sq ft)
 SSE RETAIL LTD (1) 25 years from 11/01/1993 £21,400 10/01/2018
2 Ground
First		 Retail
Ancillary
222.90 sq m
148.50 sq m
(2,399 sq ft)
(1,598 sq ft)
 SUPERDRUG STORES
PLC (2)		 25 years from 18/01/1993 £36,850 17/01/2018
3 Ground Retail
114.40 sq m
(1,231 sq ft)
 BEAUTY CONCESSIONS
LTD (t/a Semi-Chem)		 25 years from 18/01/1993 £18,238 17/01/2018
  First/Attic Office
102.00 sq m
(1,098 sq ft)
 HOMECARE SCOTLAND
LTD		 3 years from 01/10/2015 £ £6,000 (3) 30/09/2018
Advertising Hoarding    
PRIMESIGHT LIMITED 5 years from 01/04/2014 £1,200 31/03/2019
Totals    
730.90 sq m
(7,867 sq ft)
     £83,688

(1) The tenant has sublet the property.
(2)For the year ending 27th December 2014, Superdrug Stores plc reported a turnover of 1,058,047,000, pre-tax profits of £38,044,000 and a total net worth of £138,513,000. (Source: Experian Group 03/11/2015)
(3)The rental income stated for the office accommodation includes the tenant’s service charge contribution.

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Stronachs 34 Albyn Place
Aberdeen
AB10 1FW
Emma Stephen 01224 845 845emma.stephen@stronachs.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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