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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

**SUPERB DEVELOPMENT OPPORTUNITY** 4 floors in Seagate, Dundee. FULL PLANNING for 27 residential units, includes listed building consent & building warrant. FINISHED DEVELOPMENT WORTH UPT0 £4 MILLION.

Comprises of substantial development opportunity in a Grade B listed building extending over 1st, 2nd, 3rd & 4th floors off a mid terraced stone and slate building. Ground Floor retail not included.

*REDUCED FOR AUCTION* Full planning, listed building consent and building warrant for enabling works are in place Planning Ref 9/00123/FULL further details - Dundee City Council Planning department .

Full planning in place for 27 unit Development of 19 x 1-bed, 8 x 2-bed apartment's. The average price in 2023 for a property in DD1 is approx. £143,380. Final Development could be worth up to £4M.

Dundee is presently undergoing a one billion pounds transformation to its waterfront which comprises significant development not only to the City Centre but also along Riverside

***SUPERB DEVELOPMENT OPPORTUNITY*** 4 floors of property in Seagate, Dundee. FULL PLANNING for 27 residential units, includes listed building consent & building warrant for enabling works in place. FINISHED DEVELOPMENT WORTH UPT0 £4 MILLION. Prominent building within Dundee City Centre • Full planning in place for 27 unit Development • 19 x 1-bedroom, 8 x 2-bedroom • Listed building consent in place • Building warrant for enabling works approved Comprises of substantial development opportunity in a Grade B listed building extending over 1st, 2nd, 3rd & 4th floors off a mid terraced stone and slate building. Ground Floor retail not included. *REDUCED FOR AUCTION* Full planning, listed building consent and building warrant for enabling works are in place Planning Ref 9/00123/FULL further details - Dundee City Council Planning department . Full planning in place for 27 unit Development of 19 x 1-bed, 8 x 2-bed apartment's. The average price in 2023 for a property in DD1 is approx. £143,380. Final Development could be worth up to £4M.

Dundee is Scotland’s fourth largest city with an estimated population 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 Aberdeen, Edinburgh and Glasgow all within 90 minutes’ drive time. The city has its own Airport with daily flights to London City and Dublin Airports. Dundee Railway Station forms part of the main East Coast Railway Line, which runs services into London Kings Cross station. Dundee is presently undergoing a one billion pounds transformation to its waterfront which comprises significant development not only to the City Centre but also along Riverside Drive to the city’s airport and the surrounding area. The centrepiece to the waterfront development is the V&A Dundee, an International Centre for Design in Scotland, and the first ever design museum to be built in the UK outside London. Further details are available from www. dundeewaterfront.com

Full Address: 36-40 Seagate, Former Robertson Bond, Dundee, DD1 2EJ

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Pricing Information & Bidding

Opening Bid: £297,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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