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6A Panmure St 1,268 sq ft Retail Property Monifieth DD5 4EB £70,000 (£55.21/sq ft) 14.29% Net Initial Yield
Investment Highlights
- Prime city-centre location in Dundee
- Retail unit with basement
- Lease expiry October 2028 (breaks in 2026 & 2027)
- High levels of passing trade
- Recently refitted by tenant
- 100% rates relief (subject to qualification)
Executive Summary
The property is offered for sale at offers over £70,000 for the landlords’ heritable interest, providing an attractive 14% initial yield based on a passing rent of £10,000 per annum. The unit is leased until October 2028 with tenant break options in 2026 and 2027, offering secure income in a high-footfall location. A closing date may be set at the vendor’s discretion, and all interested parties are encouraged to register their interest. The seller retains the right to accept or reject any offer and may proceed without a formal closing date.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Local Shop
Property Size
1,268 sq ft
Costar Property Class
B
Year Built
1947
Price
£70,000
Price per sq ft
£55.21
Yield
14.29%
NOI
£10,000
Tenancy
Single
Number of Floors
2
Plot ratio
1.00
Total Plot Size
0.03 ac
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6A Panmure St
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