The site for sale comprises a former oil refinery facility, equating to approximately 8.9 acres, with operations being inactive for the last 10 years.
The land comprises a long narrow site of regular shape. The majority of the site is concreted and comprises of 8 oil tanks and 2 warehouse units. It is a secure site with a combination of metal fencing and brick walls, and has multiple access points off the A92.
There appears to be an abandoned road, known as Roodyards Road, splitting the site in two. All prospective buyers should make their own enquiries with the local authority regarding the status of the road.
Location
The site is situated adjacent to the Port of Dundee, to the north side of the A92. There are several access roads that provide connectivity to the surrounding areas including: The Kingsway (A90); A92 and Riverside Drive. The recent announcement of the Eden Project, alongside Dundee's £1.1Bn Waterfront Transformation, are all combining to add to the cities commercial landscape.
The surrounding area is an established mix of industrial and commercial uses, with a number of high profile operators.
Accommodation
8.9 acres (3.60 hectares)
Terms
Offers
Our client is inviting bids on a heritable (freehold) basis. Offers should be made in a Heads of Terms format.
Interested parties should register their interest with the Sole Selling Agents at an early stage in order to be kept advised should any closing date be set.
Please note our client is not obliged to accept the highest or indeed any offer submitted for the site.
VAT
The subject is VAT elected therefore VAT will be payable on the transaction
Legal Costs
Each party will bear its own legal costs in any transaction and the purchaser will be responsible for any LBTT, registration dues and VAT.