The subjects comprise purpose built student accommodation occupied by Abertay University. The buildings provide space for 144 students and were constructed during the early 1980’s and refurbished in 2013. The site is arranged into 3 blocks of 6 flats which each flat comprising 8 single bedrooms with shared lounge/ kitchen and amenities. Additional projections to the side. The main walls are of brick construction, harled externally and with pitched concrete tiled roof over. Also located at the front of the site are 2 detached caretaker bungalows of similar construction. The site is serviced with tarmac access road and the remainder is landscaped/grassed surfaced.
Location
Dundee is located on the East Coast of Scotland approximately mid way between Aberdeen (circa 105 kilometres (65 miles) to the north) and Edinburgh (circa 96 kilometres (60 miles) to the south) overlooking the Tay Estuary and has a resident population of circa 155,000 persons and a catchment of some 235,000 persons (Source: Focus). Dundee is Scotland’s fourth largest City and is the regional centre for employment, services and retailing within Tayside. The City has its own airport with daily flights to London (Stansted) and sits on the main East Coast Railway Line which runs services into London (Kings Cross). The ongoing regeneration as part of the water front development has been well documented and the proposed construction of the V & A Museum will help establish Dundee as a major regional centre.
The subjects are located in a Local Authority housing area on the northern outskirts of Dundee. They sit on the northern boundary of the Kingsway, Dundee’s outer ring road, and are accessed off Alloway Place. To the north there are rugby playing fields and a Morrisons Supermarket. Other surrounding occupiers include a housing association development and an NHS clinic.
Accommodation
Caretakers Bungalow 1 - 3 Bedrooms, Living/Kitchen and Bathroom - 81.34 sq m (876 sq ft)
Caretakers Bungalow 2 - 3 Bedrooms, Living/Kitchen and Bathroom - 81.34 sq m (876 sq ft)
Clova Block - 6 Flats x 8 Bedrooms, 2 Staff Bed Sits and Laundry Block - 1,191.02 sq m (12,809 sq ft)
Isla Block - 6 Flats x 8 Bedrooms and Recreation/Common Room - 1,090.11 sq m (11,733 sq ft)
Prosen Block - 6 Flats x 8 Bedrooms and Staff Area with Office, Canteen, Toilet and Storage Facilities - 1,124.61 sq m (12,105 sq ft)
Total - 3,568.42 sq m (38,399 sq ft)
Terms
Our client is seeking offers in excess of £500,000 for their heritable interest.
Specification
- Operational student halls of residence with development potential.
- Site area 3.89 acres (1.57 hectares).
- Prominent location adjacent to Kingsway.
- Offers in excess of £500,000