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

Shop for sale

£3,400,000 37,798 sq ft

McKibbin
Contact name
Michael Hopkins
Full address
Murraygate, Dundee, Dundee City DD1 2BB – Dundee
Property type
Shop for sale
Asking price
£3,400,000
Features
Car park, Lift, Storage, Telephone system, Train transport
Size
37,798 sq ft
Tenure
Freehold
NIY (%)
15.09
Brochure
Download the brochure

Property description

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.
Let to Tesco Stores Ltd on an FRI lease expiring 4th December 2019
Net initial yield of 15.09% after allowing for standard purchaser’s costs of 6.01%

This shop for sale is located in Dundee.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to McKibbin. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact McKibbin for full details and further information.