SHEPHERD Chartered Surveyors is offering a substantial retail and leisure investment opportunity in Dundee.
Forming part of the city centre retail core, the six properties are located along the retail leisure parade adjacent to Overgate Shopping Centre at 36/38 Nethergate and 1/13 Whitehall Street.
Ranging from 700 sq ft up to 3200 sq ft, all units are fully fitted and amount to a total of 10,500 sq ft [yielding a combined rental income of £182,750 per annum]. Guide prices for individual units range from £300,000 up to £700,000.
Gerry McCluskey, partner in the Dundee office of J&E Shepherd, said: “Available as a whole or in parts, the properties comprise a parade of retail and restaurant units located within the retail core immediately adjacent to the prime shopping pitch and the waterfront redevelopment area, the chosen location for the V & A at Dundee.
“With Malmaison Hotel under development close by, and all units handy for city centre bus services and taxi ranks, we anticipate interest from traditional property investors for such a substantial and appealing range of well-situated properties which can be bought in whole or in parts and from operators in the catering business with an interest in trading from this location at a future date at a time when Dundee city centre is undergoing significant investment in its redevelopment.”
The building was completely refurbished in 2001 and the upper floors were sold a short while thereafter for conversion to residential use.
The residential flats remain in single ownership.
ENDS
For further information please contact Gerry McCluskey on tel 01382 878005
Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
Date 7th June 2012.
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