August 2018

West Ranga sell their heritable interest in 250 Brook Street, Broughty Ferry, Dundee.

West Ranga Property Group have today announced the sale of their holding at 250 Brook Street, Broughty Ferry, Dundee, to a private investor for an undisclosed price.

Purchased in February 2017, West Ranga recently agreed a new 5 year extension with the existing tenant, TUI Limited, expiring 24th May 2023 at a rent of £15,000 per annum.

The sale, handled by Sheridan Property Consultants, delivered a profit on cost of 20% and a project IRR (geared) of 30.24%.

The sale was in line with Business Plan strategy and returns exceeded expectations.