FOR SALE BY ONLINE AUCTION WEDNESDAY 25TH OF FEBRUARY 2026 AT 9AM - ***EXCELLENT OPPORTUNITY TO ACQUIRE A FULLY TENANTED GROUND FLOOR RETAIL UNIT***SITUATED IN A PROMINENT AND WELL - ESTABLISHED TRADING LOCATION WITHIN DUNDEE CITY CENTRE***SECURE, INCOME PRODUCING RETAIL INVESMENT***ANNUAL RENTAL INCOME OF £6,600 (REPRESENTING AN ANNUAL RENTAL YIELD OF 11%)***
The subject property comprises a self-contained ground floor retail unit forming part of a mixed-use building. The accommodation provides an open plan sales area to the front with ancillary storage and staff facilities to the rear, offering a practical layout suitable for a range of retail and service occupiers.
The unit is currently let to an established tenant, producing an immediate income stream for investors. The property benefits from a traditional glazed frontage, strong pedestrian footfall, and close proximity to key retail, leisure and transport amenities within Dundee city centre.
Castle Street is a popular secondary retail location, linking directly with the prime city centre pitch and benefitting from nearby national and independent retailers, cafés and professional services. The location ensures consistent demand from occupiers and underpins the long-term investment appeal.
***KEY FEATURES***
- ***Well maintained traditional building*** Ideal Size of Unit: Circa 573 Sq ft***
- Fully tenanted ground floor retail unit, operating as a bubble tea cafe
- Established city centre trading location
- Immediate rental income
- Prominent frontage to Castle Street
- Mixed-use building
- Strong local and passing footfall
- Suitable for private investors and portfolio buyers
Eligible for Small business rates relief*** NO VAT*** Attractive Lot Size***
• Great location with a large mix of nearby occupiers including National and local operators***
*** GOOD QUALITY RESIDENTIAL DISTRICT***
• Close to Estate agents, property managers, Hidden hearing, restaurants, boutique specialist retailers, hairdresser, accessories, Newsagent
• ***Dundee has 2 Universities & a population of circa 160,000 people---The 4th Largest city in Scotland & is on the main route linking Aberdeen with both Glasgow & Edinburgh.
***Heavily Discounted Property in popular City***
*** The subjects comprise a ground floor retail unit contained within a four storey plus attic traditional stone constructed tenement, under a pitched and slated roof. The subjects comprise a main retail area leading to a back shop/storage area and single WC. Access is gained via a recessed aluminium glazed pedestrian door whilst the subjects also benefit from a single display window fronting Castle Street***
- ANNUAL RENTAL INCOME OF £6,600 (REPRESENTING AN ANNUAL RENTAL YIELD OF 11%)
- 5 year lease with expiry date of 30th June 2030 (break option of 1st July 2028)
- Lease signed 1st July 2025
- £1650 deposit
- All rent is up to date
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 36a, Castle Street, Dundee, DD1 3AQ, Flat, 3 bedroom, SOLD AUG'25 - £210,000
- 85 Blackness Road, Dundee, DD1 5PD, Terraced, SOLD OCT'25 - £205,000
- 12, McVicars Lane, Dundee, DD1 4LH, Flat, 2 bedroom, SOLD OCT'25 - £225,000
Dundee is Scotland's fourth largest city with an estimated population of 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce. Retailing and employment within Tayside, and is located on the east coast of Scotland with 90% of the country's population within 90 minutes' drive time. The subject property is located on the south-east side of Castle Street, within close proximity of Dundee's High Street/ Murraygate area which incorporates Dundee's prime shopping area and the Overgate Shopping Centre.
Dundee is currently undergoing a massive***£1 Billion Pounds*** redevelopment & regeneration programme---This City is considered a property Hot Spot by many professional property investors***
GUIDE PRICE - £60,000
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Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
EXCELLENT OPPORTUNITY TO ACQUIRE A FULLY TENANTED GROUND FLOOR RETAIL UNIT
SITUATED IN A PROMINENT AND WELL - ESTABLISHED TRADING LOCATION WITHIN DUNDEE CITY CENTRE
SECURE, INCOME PRODUCING RETAIL INVESMENT
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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