Page 19 - Shepherd Commercial Auctions - Catalogue June 2023
P. 19
Lot13 Unit13CityQuayD, undeeA, ngusDD1 3JA InvestmentOpportunity
Features
•Popularmixedresidential/commercialocation •LetoAmericanGol(fTrading)Limitedunti5lthFebruary2027 •Ren£t44,000perannum
•NeItnitiaYlield9.71%
Accommodation
Thesubjectscomprisea midterraced retaiplropertyoccupiedbyAmericanGolafnd contained withinaterracedparadeosf imilarunits.Themainwallsareobf rick constructionwithpitchedslate rooofver, formingparotaf‘Bl’istedformerailwayshed. Internallytheaccommodationcomprisesopen planretaislpaceandassociatedstorage, kitchenandtoileftacilities.Thereisbothfronatndrear accessintotheproperty.
TotaNlIA372sqm.(.4,000sqf.t.)
Location
DundeeislocatedontheasctoasotSfcotlandapproximatelymid-waybetween Aberdeen(circa105kilometres(65miles)tothenorth)andEdinburgh(circa96 kilometres(60miles)tothesouth)overlookingtheTayEstuaryandhasaresident populationocfirca150,000personsandacatchmenot sfome500,000persons(source: DundeeCityCouncil).
DundeeisScotland'sfourthlargesctityandistheregionaclentreforemployment, servicesandretailingwithinTayside.
ThecityhasitsownairporwtithdailyflightstoLondon(LondonCity)andsitsonthemain easctoasrtailwaylinewhichrunservicesintoLondon(KingsCross).
Theongoingregenerationasparottfhewaterfrondtevelopmenhtasbeenwell documentedandtheconstructionotfheV&AmuseumwilhlelpestablishDundeeasa majoregionaclentre.
ThesubjectsarelocatedwithintheCityQuayareaoDfundeeimmediatelytothesouthof thecity centrei,nanareawhichasundergonemajoredevelopmenptrovidinghigh qualityoffice accommodationandresidentiadlwellings.
TheCityQuaylocationisa5-minutewalkfromtheDundeeBusStationandlessthan 10 minutes walk fromtherailwaystationandV&AMuseum.
*GuidePrice£435,000(plusfeesifapplicable)
EnergyPerformanceRating RateableValue
*PleaseseeBuyer’sTermsfordefinitionogfuideprice 19 andauctionfees
ThepropertyhasanenergyratingoGf 136. Thepropertyhasacurrenrtateablevalueo£f35,900.
Tenancy
AmericanGolifsEurope’slargesgtolrfetailerandhas93storesintheUK andtheRepublicoIfreland.
ThepropertyhasbeenletoAmericanGol(fTrading)Ltdfrom6February 2017andexpires5February2027T.heydidnoetxercisetheirbreakoption in2022T.heannuarlenits£44,000perannum.
AuctionType
UnconditionaSlale-Thebuyersfeeis1.8%incVAT(1.5%plusVAT) subjectoaminimumo£f1,800incVAT(£1,500plusVAT).
