Commercial property for sale in Blinshall Street, Dundee DD1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- High Yielding Industrial Investment
- Multi-Let to Eight Tenants
- Producing £27,474 per annum
- One Unit Vacant
- Asset Management Potential Via Lease Renewals and Letting of Vacant Unit
- 11,227 sq ft (1,042.99 sq m)
- Established City Centre Location
- Guide Price Reflects 14.1% Gross Yield
- No VAT
Property description
Strapline
Auction Sale - 21/11/2023
Of Interest to Investors and Developers
Large High Yielding Warehouse/Workshop Investment
Multi-Let - Producing £27,474 per annum
Description
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 £27,474 per annum. There is a single unit vacant 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.
Location
- Dundee Station - 0.8 miles
- High Street - 0.6 miles
- A90 - 1.8 miles
Tenancy
The property is let to eight tenants on separate leases, producing a total aggregate rent of £27,474 per annum. There is a single unit vacant.
Please see the tenancy schedule and legal pack for further information.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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