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48-60 Murraygate and 37-41 Albert Square , Dundee

Property Details

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.

Key Features

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%

48-60 Murraygate and 37-41 Albert Square
Dundee
DD1 2BB

Agreed
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Investment
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Dundee

Price/Rental

Offers in excess of £3,400,000 excluding VAT

Size

Total Area c. 3,511.5 sq m (37,798 sq ft)

Contact

Michael Hopkins

Telephone 028 90 500 100
Mobile: 07767 332332
Email: mph@mckibbin.co.uk

Ryan McKenna

Telephone 02890 500 100
Mobile: 07984 154488
Email: rmck@mckibbin.co.uk