18th December 2014 back to news

Investment Transactions Exceeds £1 Million in Perth and Dundee


Investment Transactions Exceeds £1 Million in Perth and Dundee

Perth and Dundee offices experience high demand for investment opportunities


2014 has been highly productive for the Dundee and Perth offices of Graham + Sibbald, with constant demand for investment opportunities across the north east of Scotland.


Over £1 million of investment transactions have been completed recently, all purchased by local investors looking to buy properties of various types and sizes.


Recent deals include:


Carnoustie – This newly built Co-operative food store is situated on Barry Road.  The acquisition was completed in June for £625,000.


South Methven Street, Perth – this retail unit is currently let to a local operator with a lease in place until 2020.  The property is currently under offer off an asking price of £72,000.


George Street, Perth – another retail unit which is let to a local trader, Whispers of the Past.  This acquisition was made on behalf of a local property company off an asking price of £115,000 in September.


Unit O Scott Way, West Pitkerro, Dundee – an industrial unit let to local operator, James Petrie Motors.  The subjects were sold to a private individual off an asking price of £65,000 in July.


A-D, Burrell Street, Crieff – this four unit residential portfolio was sold in July to local property company for circa £160,000 with a rental income of £13,920.


80 Princes Street, Perth – this office property was initially let to Cair Scotland who subsequently ‘flipped on’ the investment to a local private investor for £130,000.


Garth Davison of Graham + Sibbald commented: “This steady demand shows that areas in and around Perth and Dundee are proving to be exceptionally attractive to local investors looking for solid investment opportunities.  With a further Perth industrial investment, lot size £250,000, recently going ‘under offer’ we are optimistic looking ahead to 2015 and do not anticipate this demand reducing.”