Fantastic renovation opportunity. Huge potential rental income once renovated and let!***£50,000 GUIDE PRICE***
If potential to convert to flats, 1 bedrooms in the area are achieving £650 - £750 PCM (£7,800- £9,000 P/A) and 2 bed flats achieve £900-£1,000 PCM (£10,800 - £12,000 P/A).
Alternatively, if the property was to be kept as a commercial, unit could achieve £20,000 P/A ***HIGH YIELD POTENTIAL***
Property is vacant as there must be renovations done to bring it back to standard.
Location
Dundee is nestled on the north bank of the River Tay, approximately 60 miles north of Edinburgh and 13 miles east of Perth. The vibrant city boasts a resident population of around 150,000, offering a perfect blend of scenic beauty and urban convenience. The City Centre stands as the bustling heart of Dundee's retail district, filled with charming shops, cafes, and local businesses. A well-designed road and rail network provides easy access to and from the area, ensuring seamless connectivity for residents and visitors alike. Surrounding the city, you'll find a mix of residential and commercial properties, creating a vibrant community atmosphere.
Accommodation
The property comprises: One floor with massive open plan, storage space as well as a bathroom.
Terms
Guide Price - £50,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Large Commercial unit on busy main street of Dundee. Massive development opportunity! Huge potential rental income once renovated and let!***£50,000 GUIDE PRICE***
- Excellent development Opportunity for shrewd builders/investors/developers looking for an exceptional opportunity for a commercial investment, in an area with great rental demand!
- Sure to appeal to investors/builders looking for a massive development opportunity that will produce a lucrative income vehicle once renovated.
- Potential to convert to residential with massive rental upside (Subject to planning and gaining the necessary permission).
- Property is situated on an attractive main road, benefiting from easy access and passing trade.