Heritable Retail Investment
Heritable Retail Investment
Lochee is a popular suburb of Dundee and lies approximately 2 miles north-west of the city centre. The property is prominently situated on the east side of the High Street, with nearby occupiers including Boots, Superdrug, Santander, British Heart Foundation and Poundstretcher.
Heritable. (Scottish equivalent of English Freehold).
Lochee is a popular suburb of Dundee and lies approximately 2 miles north-west of the city centre. The property is prominently situated on the east side of the High Street, with nearby occupiers including Boots, Superdrug, Santander, British Heart Foundation and Poundstretcher.
Heritable. (Scottish equivalent of English Freehold).
The property comprises ground floor retail accommodation and forms part of a larger building.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation and forms part of a larger building.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail/ Ancillary |
157.17 sq m |
(1,691 sq ft) |
DONE BROTHERS (CASH BETTING) LIMITED (1) t/a Betfred |
10 years from 03/07/2009 on a full repairing and insuring lease |
£22,500 | 02/07/2019 |
| Total |
157.17 sq m |
(1,691 sq ft) |
£22,500 | ||||
(1) For the year ending 25th September 2016, Done Brothers (Cash Betting) Limited reported a turnover of £320,065,000, pre-tax profits of £29,293,000 and a total net worth of £23,115,000 (Source: Experian Group 12/09/2017).
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