HIGH STREET, DUNDEE

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The property was purchased in 2015 with an occupation level of 65%. At that time the total rent was low and there were several operational inefficiencies. After a thorough process of restructuring the leases, low quality tenants were replaced by national retailers.

Dundee is the fourth largest city in Scotland and is a key regional centre for education, employment and retail.

With both the V&A Dundee and Railway Station opened in 2018 Hotels, businesses and retailers are reaping the rewards of the ongoing city transformation while expectant of significant growth potential as a further 7 000 jobs are created through the Dundee Waterfront project.

– Client: Private

– Location: High Street, Dundee ( Scotland)

– Description: Grade A listed building

– Purchase Price: Undisclosed

– Tenure: Freehold