From
£195,000
Property for saleBlinshall Street, Dundee DD1
Auction
About this property
High Yielding Industrial Investment
Multi-Let to Eight Tenants
Producing £27,474 per annum
One Unit Vacant
Asset Management Potential Via Lease Renewals and Letting of Vacant Unit
11,227 sq ft (1,042.99 sq m)
Established City Centre Location
Guide Price Reflects 14.1% Gross Yield
No VAT
Strapline
Auction Sale - 21/11/2023
Of Interest to Investors and Developers
Large High Yielding Warehouse/Workshop Investment
Multi-Let - Producing £27,474 per annum
Description
The property comprises a high yielding, multi-let, industrial/workshop investment.
Situated in the heart of Dundee, the property offers 11,227 sq ft (1,042.99 sq m) of accommodation across ground and first floors.
Internally, the property comprises a mix of warehouse/workshop space, with offices and storage.
The property is let to eight tenants on separate leases, producing a total aggregate rent of £27,474 per annum. There is a single unit vacant offering immediate reversion potential.
Furthermore, a number of tenants are "holding over" but have been in occupation in excess of 10 years. There is therefore potential for asset management and further rental reversion via lease renewals.
Location
Tenancy
The property is let to eight tenants on separate leases, producing a total aggregate rent of £27,474 per annum. There is a single unit vacant.
Please see the tenancy schedule and legal pack for further information.
Auction Sale - 21/11/2023
Of Interest to Investors and Developers
Large High Yielding Warehouse/Workshop Investment
Multi-Let - Producing £27,474 per annum
Description
The property comprises a high yielding, multi-let, industrial/workshop investment.
Situated in the heart of Dundee, the property offers 11,227 sq ft (1,042.99 sq m) of accommodation across ground and first floors.
Internally, the property comprises a mix of warehouse/workshop space, with offices and storage.
The property is let to eight tenants on separate leases, producing a total aggregate rent of £27,474 per annum. There is a single unit vacant offering immediate reversion potential.
Furthermore, a number of tenants are "holding over" but have been in occupation in excess of 10 years. There is therefore potential for asset management and further rental reversion via lease renewals.
Location
- Dundee Station - 0.8 miles
- High Street - 0.6 miles
- A90 - 1.8 miles
Tenancy
The property is let to eight tenants on separate leases, producing a total aggregate rent of £27,474 per annum. There is a single unit vacant.
Please see the tenancy schedule and legal pack for further information.
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