Dundee is the fourth largest city in Scotland situated on the north bank of the Firth of Tay. The city is located approximately half way between Edinburgh (62 miles south) and Aberdeen (66 miles north).
The property comprises two retail units, one at ground floor level, the other at first floor level with storage and staff facilities on the second floor. Both the head and sub-tenants, Tesco Metro and DW Sports, have fitted the units out in their corporate style. Tesco significantly invested in a new store fit out within the last 18 months.
Prime high street retail investment
Let to Tesco Stores Ltd on an FRI lease expiring 4th December 2019
Passing rent of £543,750 per annum
Net initial yield of 15.09% after allowing for standard purchaser’s costs of 6.01%
Offers in excess of £3,400,000 excluding VAT
Total Area c. 3,511.5 sq m (37,798 sq ft)