Kingsway Leisure Park, Dundee, DD4 7SN
For Sale - Investment
Offers over £740,000
About this property
EXECUTIVE SUMMARY
• Tenant: Ashoka Shaks Ltd (Harlequin Group parent guarantee)
• Term: 18 years unexpired - tbo March 2018
• Rent: £62,700 p/a
• Yield: NIY 8%
Dundee is Scotland’s fourth largest city and lies 60 miles north of Edinburgh and 67 miles south of Aberdeen. The total catchment and population within 5 miles of the centre is over 163,000 and within 10 miles this r ises to 200,000.
The proper shopping and leisure catchment however shown statistically to draw from up to 20 mile radius is about 425,000 and according to a recent shopping
survey 80% of shopper s in these catchment areas regularly use Dundee for shopping/leisure.
Road communications are excellent with traffic routes to the north and south via the A90 and M90 networks.
The city centre has two major covered shopping schemes, firstly the long established Wellgate Centre and in the year 2000 the totally redeveloped Overgate
which provides over 400,000 sq ft including a new Debenhams and refurbished Boots and Littlewoods.
Location
From the attachments to this schedule it can be seen that Kingsway Leisure Park occupies a site next to Camperdown Country Park on the north side of the A90 (Kingsway West) just off the major four way interchange at Camperdown. In our view this is the most accessible location of any leisure development in Dundee.
At the next roundabout/interchange to the east is Kingsway West Retail Park extending to 300,000 sq ft.
Occupiers include Tesco and Homebase. Consequently between these two roundabouts is one of the largest out of town retail and leisure developments in Scotland, outside of Edinburgh.
Property Reference To Quote for enquiries: kingsway-leisur/1
Price
Property is For Sale - Investment, and is: Offers over £740,000
