Fantastic commercial opportunity on a busy street in Arbroath Road, Dundee, with full planning permission. ***Rare Opportunity ***
The property has full planning permission for a change of use from a shop (Class 1A) to a residential flat. Approval from Dundee Council to convert it into a spacious three-bedroom apartment, featuring three double bedrooms on the ground floor, along with a kitchen, bathroom, sauna, and gym located in the cellar. ***Planning reference is 24/00788/FULL.***
The property is a shop with an area of 110m2, consisting of two joined premises and an equally sized storage cellar. It is located on a prominent main road, providing easy access and benefiting from passing trade
Once developed, based on local sales evidence, you could expect it to have a gross development value of £260,000-£300,000. Subject to development and gaining he necessary information.
Once developed, 3-bedroom apartments could achieve a rental income of £850-£950 PCM (£10,200 - £11,400 P/A) once developed and rented out!
Location
Dundee is nestled on the north bank of the River Tay, approximately 60 miles north of Edinburgh and 13 miles east of Perth. The vibrant city boasts a resident population of around 150,000, offering a perfect blend of scenic beauty and urban convenience. The City Centre stands as the bustling heart of Dundee's retail district, filled with charming shops, cafes, and local businesses. A well-designed road and rail network provides easy access to and from the area, ensuring seamless connectivity for residents and visitors alike. Surrounding the city, you'll find a mix of residential and commercial properties, creating a vibrant community atmosphere.
Accommodation
The property comprises: One floor with a massive open plan, storage space, as well as a bathroom.
Size - 1,184 sq ft (110 sq m)
Terms
Guide Price - £80,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- The property has full planning permission for a change of use from a shop (Class 1A) to a residential flat. Approval from Dundee Council to convert it into a spacious three-bedroom apartment, featuring three double bedrooms on the ground floor, along with a kitchen, bathroom, sauna, and gym located in the cellar. ***Planning reference is 24/00788/FULL.**
- Excellent development Opportunity for shrewd builders/investors/developers looking for an exceptional opportunity for a commercial investment, in an area with great rental demand!
- Sure to appeal to investors/builders looking for a massive development opportunity that will produce a lucrative income vehicle once renovated.
- The property is a shop with an area of 110m2, consisting of two joined premises and an equally sized storage cellar. It is located on a prominent main road, providing easy access and benefiting from passing trade.