The subjects comprise a stand-alone office building, 4 storey in height. The property comes with generous car parking facilities at the front and rear of the building.
Internally the subjects are laid out in a cellular nature.
The property lends itself to future redevelopment all subject to consents.
( Agency Pilot Software ref: 35733 )
Location
Dundee is Scotland’s fourth largest city with an estimated population in the region of 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retailing and employment within Tayside, and is located on the east coast of Scotland with 90% of the country’s population lying within a 90 minute drive time. More precisely, the subjects are located on Edward Street, at its corner with Forest Park Place. The location is a busy mixed use area, comprising a mixture of residential and commercial property. Commercial operators include; Royal Mail, Co op food store etc.
Accommodation
Building – 1,744.33 Sqm (18,775 sq ft) or thereby
Site – 0.77 Acres (0.31 Hectares) or thereby
Terms
PRICE Offers in the region of £200,000 are invited for our client’s heritable interest in the property.
Disposal will be by way of a formal tender and a closing date will be set for offers, accordingly interested parties should register interest in writing with the sole selling agents. Please note, our client will not be bound to accept the highest, nor indeed any offer submitted. Our clients may reserve the rights to implement a clawback/overage provision, subject to the detail of any eventual/successful development scheme.
RATEABLE VALUE The subjects are currently entered in the Valuation Roll with a Rateable Value of £133,500. The unified Business Rate 2017/2018 is 0.51p, excluding water and sewage rates.
EPC Available from the Sole Selling Agents.
VAT For the avoidance of doubt all figures quoted are exclusive of VAT unless otherwise stated. Any prospective Purchaser should satisfy themselves independently as to the incidence of VAT involved in any transaction.
Specification
• Development opportunity – subject to consents
• Established mixed use area
• Corner site