FOR SALE BY ONLINE AUCTION WEDNESDAY 23RD APRIL 2025 AT 9.00AM. Ground floor retail unit in the heart of Dundee city centre, extending to 53.20 Square Metres (573 Square Feet). Suitable for a variety of uses (STP)
• Fabulous Opportunity to acquire a Self-contained Ground Floor Commercial unit in City Centre Location
** Well maintained traditional building*** Ideal Size of Unit: Circa 573 Sq ft***
The property has RV of £8900**
Eligible for Small business rates relief*** NO VAT*** Attractive Lot Size***
• Great location with a large mix of nearby occupiers including National and local operators***
This property has an estimated rental value of £12,000 per annum
*** Potential 20% rental yield at Guide Price
*** PROPERTY MUST BE SOLD*** GREAT INTERNAL CONDITION*** Turn Key Opportunity
• ***22 Castle St Flat 12 Sold £164k (July 23)** 36B Castle St Sold £159k
June 23)**8 Castle St Flat 14 Sold £140.5k (May 23)**36 Castle St Flat C
Sold £157k (May 23)
*** GOOD QUALITY RESIDENTIAL DISTRICT***
• Close to Estate agents, property managers, Hidden hearing, restaurants, boutique specialist retailers, hairdresser, accessories, Newsagent
***Would Make a Fantastic Coffee or Sandwich Shop / Barber or Hairdresser / Retail Unit or Office***
• ***Dundee has 2 Universities & a population of circa 160,000 people---The 4th Largest city in Scotland & is on the main route linking Aberdeen with both Glasgow & Edinburgh.
***Heavily Discounted Property in popular City***
***VERY ATTRACTIVE***
Discounted opportunity to acquire a vacant commercial unit in popular central location in Dundee City Centre
*** The subjects comprise a ground floor retail unit contained within a four storey plus attic traditional stone constructed tenement, under a pitched and slated roof. The
subjects comprise a main retail area leading to a back shop/storage area and single WC. Access is gained via a recessed aluminium glazed pedestrian door whilst the subjects also benefit from a single display window fronting Castle Street
*** At 573 Sq Ft this is a nice seized unit that will potentially attract local tenants***
Dundee is Scotland's fourth largest city with an estimated population of 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce. Retailing and employment within Tayside, and is located on the east coast of Scotland with 90% of the country's population within 90 minutes' drive time. The subject property is located on the south-east side of Castle Street, within close proximity of Dundee's High Street/ Murraygate area which incorporates Dundee's prime shopping area and the Overgate Shopping Centre.
Dundee is currently undergoing a massive***£1 Billion Pounds*** redevelopment & regeneration programme---This City is considered a property Hot Spot by many professional property investors***
GUIDE PRICE - £50,000
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