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