Vacant Commercial Property LOT 144

27-29 Reform Street, Dundee, DD1 1SP
GUIDE PRICE

Deadline for Offers

16 April 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 27-29 Reform Street, Dundee, DD1 1SP

Retail Premises in 100% PRIME Dundee City Centre position. ***5,300 SQUARE FEET approx over Ground, 1st Floor & Basement**

Premier position next door to Mcdonalds, Costa Coffee, Skipton, Nationwide and the Overgate Shopping Centre; Excellent size and ideal rental potential up to £80,000 p/a. ***Rateable Value £88,600*** no rates payable when vacant (within B Listed Building), also in the pedestrianized section of Reform Street and busier side.

NOTE; This property was sold for £850,000 (10/2006) before repossession. 100% Prime Retail Property previously was an amusement arcade/potential for Class 1,2 or 3 (Restaurant Consent) - all subject relevant planning permissions.Excellent

HUGE POTENTIAL- FULL PLANNING PERMISSION IN PLACE to develop the property into three substantial self contained units.. Planning ref:19/00520/LBC

SELDOM AVAILABLE PRIME CITY CENTRE RETAIL PROPERTY WITH FANTASTIC POTENTIAL FOR VARIOUS USES. ***Priced for a fast sale.***

Retail Premises in 100% PRIME Dundee City Centre position. ***5,300 SQUARE FEET approx over Ground, 1st Floor & Basement** Rare opportunity to acquire a former amusement arcade in PRIME DUNDEE CITY CENTRE with adjacent occupiers including MacDonald’s, H Samuel Jewellers, Costa Coffee, a number of banks and building societies and Dundee busiest Shopping Centre ‘The Overgate.’ PRIME POSISTION on the pedestrianized section of Reform Stwithin a classical 'New Town' terrace, the whole of which (No.1-63 inclusive), is B listed – advantage no rates payable when vacant. Occupies the ground, first and basement levels. Internally the property has the potential to provide high quality retail or similar accommodation in a prominent location. Total Area 494sq metres….5,317SQ FEETapprox. Ground Floor;123 sq. m…(1,324sq feet).First Floor;151sq metres (1,625sq feet).Basement;220sq.m; 2,368sq feet.Rental potential up to £80,000 per annum.(R.V £88,600).This property was sold for £850,000 (10/2006) before repossession. Benefiting from being within one of Scotland’s largest Cities with 2 highly acclaimed Universities and a resident population in excess of 150,000 people. Potential for various uses & splitting to commercial and residential (subject to investigating and gaining necessary consents) as an excellent size. Priced to sell sure to attract interest from investors, speculators, developers and shrewd property professionals. HUGE POTENTIAL- FULL PLANNING PERMISSION IN PLACE to develop the property into three substantial self contained units.. Planning ref:19/00520/LBC Please note the premises are subject to VAT.

100% PRIME SPOT. The premises are located CLOSE TO the prime section of High Street close to Murraygate and the Overgate Shopping Centre. Nearby occupiers include Greggs, H&M, Zara, Size?, Pandora, Optical Express, Costa Coffee and Barrhead Travel. Dundee is currently undergoing a £1 Billion waterfront redevelopment with the opening of the £45 Million V&A Museum

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Pricing Information & Bidding

Guide Price: £225,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 16 April 2021, 4pm
Type: Deadline for Offers

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