31 Strathmartine Road, Dundee, Angus, DD3 7RW

Description

Vacant corner commercial property situated on Strathmartine Road, Dundee, a well-established and busy thoroughfare. The property offers potential for commercial, retail, office, service or other business uses, subject to necessary planning consents and statutory approvals. It is suitable for owner-occupation or investment and includes a large basement area accessed internally via a rear staircase.

Accommodation

Large basement area, easily accessed internally via a staircase at the rear.

Location

Located on Strathmartine Road in a well-established urban area of Dundee, in a corner position with a mixture of residential and commercial properties nearby. Dundee city centre and wider amenities and transport links are readily accessible.

Tenure / Property Information

Investment Analysis

Vacant commercial corner property on an established Dundee thoroughfare, with potential for retail, office, service or other business use subject to planning and statutory approvals. The supplied evidence contains no completed-sale comparables, rental comparables, tenure details, condition report or formal valuation evidence, so GDV and market value cannot be reliably estimated. The auction guide is £21,000, subject to an unspecified Buyer’s Premium and potentially other legal-pack fees.

Investment Snapshot

Strategy Recommendation

Treat as a commercial owner-occupation or income-investment opportunity only after inspecting the property, reviewing the legal pack, confirming tenure and permitted use, and validating achievable rent. Do not rely on the headline yield or bid without pricing the Buyer’s Premium, other fees and any required fit-out.

Works Required

No specific defects or refurbishment requirements are evidenced. Before bidding, inspect the main accommodation and large basement, verify structure, services, fire and accessibility requirements, and establish any planning, licensing or statutory works needed for the intended commercial use. Fit-out costs cannot be estimated from the supplied information.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable because there is no GDV evidence, no completed-sale comparables, no costed refurbishment scope, no tenure information and no refinance valuation evidence. The basement and intended commercial use require due diligence before any refinance assumptions are made.

Buy-to-Let Analysis

The auctioneer estimates rent at approximately £5,000 per annum, equivalent to approximately £416.67 per month. Against the £21,000 guide, this indicates a headline gross yield of approximately 23.81%. This is only an auctioneer estimate, not passing or achieved rent, and no external rental comparables, operating costs, Buyer’s Premium or other acquisition costs are supplied. Net yield and total-cost yield cannot therefore be established.

Flip Analysis

A flip assessment cannot be quantified. No completed-sale comparables, supported GDV, refurbishment budget or selling-cost allowance are supplied. The property may require use-specific approvals and fit-out, but the extent and cost are unknown.

Investor Risks & Due Diligence

• The property is vacant and the £5,000 annual rent is an auctioneer estimate rather than achieved or passing rent.

• No sufficiently specific external rental comparable has been identified, so achievable rent is unverified.

• Retail, office, service or other business use is subject to necessary planning consents and statutory approvals.

• The condition and usability of the large basement, building fabric and services are not evidenced.

• The Buyer’s Premium amount is unspecified, and additional fees may apply under the legal pack.

• No tenure, EPC, heating, council tax or parking information is supplied.

• No completed-sale evidence is supplied to support a GDV or resale strategy.

Recommendation

Treat as a commercial owner-occupation or income-investment opportunity only after inspecting the property, reviewing the legal pack, confirming tenure and permitted use, and validating achievable rent. Do not rely on the headline yield or bid without pricing the Buyer’s Premium, other fees and any required fit-out.

Strategy Rating

Analysis Confidence

The guide price and auctioneer rent estimate are supplied, but there are no sales or rental comparables, condition details, tenure, EPC, planning evidence, costed works, Buyer’s Premium amount or other acquisition costs.