78 High Street, Let Retail Investment, Dundee, DD1 1SD

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Future Property Auctions hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 11 Oct 2026.
• Guide cut from £145,000 to £137,000 (6% lower), 15 Oct 2026.

Future Property Auctions' record

About the lot

Freehold retail lot in Dundee. Producing £20,000 a year, a 13.0% gross yield at the guide.

Commercial Investment. ***IMMEDIATE INCOME PRODUCING INVESTMENT***Tenanted retail unit over 3 floors located in PROMINENT TOWN CENTRE position. Held on a FRI Lease with 4 years unexpired producing £20,000 pa. Tenant: Mobiles Factory Limited. Expiry: 26th June 2029. Passing Rent: £20,000p.a. Rent Increase: June 2026 to £22,000p.a. Tenant Break: June 2027 (6 months Notice). The property has been renovated by the tenant to include new flooring, plastered and painted walls, suspended acoustic tile ceiling, L.E.D. panelling throughout along with w.c. and office facilities. Ground: 130.9sqm (1,409sq ft). Bsm: 87.14sqm (938sq ft). 1st: 51.82sqm (558sq ft). 2nd: 19.38sqm (209sq ft). Total: 289.24sqm (3,114sq ft). PRIME LOCATION close proximity to both the entrance to The Overgate Shopping Centre and Murraygate. Nearby occupiers include Slater Menswear, Ladbrokes, Greggs, Timpson and Bayne's Bakers. 100% prime spot next to OVERGATE SHOPPING CENTRE. ***IMMEDIATE INCOME PRODUCING INVESTMENT***Tenanted retail unit over 3 floors located in PROMINENT TOWN CENTRE position. Held on a FRI Lease with 4 years unexpired producing £20,000 pa. Tenant: Mobiles Factory Limited. Expiry: 26th June 2029. Passing Rent: £20,000p.a. Rent Increase: June 2026 to £22,000p.a. Tenant Break: June 2027 (6 months Notice). The property has been renovated by the tenant to include new flooring, plastered and painted walls, suspended acoustic tile ceiling, L.E.D. panelling throughout along with w.c. and office facilities. Ground: 130.9sqm (1,409sq ft). Bsm: 87.14sqm (938sq ft). 1st: 51.82sqm (558sq ft). 2nd: 19.38sqm (209sq ft). Total: 289.24sqm (3,114sq ft). PRIME LOCATION close proximity to both the entrance to The Overgate Shopping Centre and Murraygate. Nearby occupiers include Slater Menswear, Ladbrokes, Greggs, Timpson and Bayne's Bakers. Tenancy: Type of Agreement: Full Repairing & Insuring (FRI). Length: 4 Years. Rent: £20,000 per year / £1,667 per month. Yield: 15% (approx). Tenant: Company. Notes: Tenant: Mobiles Factory Limited. Expiry: 26th June 2029. Passing Rent: £20,000p.a. Rent Increase: June 2026 to £22,000p.a. Tenant Break: June 2027 (6 months Notice). The premises occupy a highly prominent, central position within the pedestrian section of High section of High Street, being in close proximity to both the entrance to The Overgate Shopping Centre and Murraygate. Nearby occupiers include Slater Menswear, Ladbrokes, Greggs, Timpson and Bayne's Bakers. Dundee is located on the East coast of Scotland approximately mid-way between Aberdeen to the North and Edinburgh to the South with a resident population of approximately 155,000 and an extended catchment of 235,000. Dundee is Scotland’s fourth largest city and is the regional centre for employment.