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Retail Units & Shops

Angus

Dundee

property

Let

71-75 Murraygate Murraygate, Dundee, DD1 2AZ

Use Class

Size

0 sq ft

Rent pa

POA

Price

£1,600,000

Market Sector

High Street Scheme

Key Features

Prime pitch, modern retail units in the City of Dundee fully let to 2 National Brand retailers
Recent open market letting to Holland & Barrett and re-based lease regear with Sunrise Records t/a HMV
Total income of £155,000 per annum, offering genuinely rebased rental income
Heritable ownership of entire block extending to 14,798 sqft
Nearby occupiers include M&S, Bank of Scotland, WH Smith, O2, Greggs, Tesco and TJ Hughes
Weighted average unexpired term of in excess of 6 years to lease expiry
Offers in excess of £1,600,000 exclusive of VAT
Attractive net initial yield of 9.13%

Description

Prominent city centre retail unit.

Potential for class 3 consent subject to a change of use.

Location

Dundee is situated approximately 60 miles north of Edinburgh, 70 miles north east of Glasgow and 70 miles south of Aberdeen. The city benefits from a residential population of approximately 150,000 and a wider catchment of 350,000.

The subject property is situated in a prominent location on the east of the pedestrianised Murraygate, to the north of the junction with High Street and Commercial Street and a short distance from City Square and the Overgate and Wellgate shopping centres.

Nearby occupiers include B&M Bargains, HMV, O2 and Marks & Spencer.

Accommodation

0 Sq.Ft

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.