Vacant Commercial Property LOT 191

11 Panmure Street, Dundee, DD1 2BG
OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

Bidding Closes in

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

Description

Full Address: 11 Panmure Street, Dundee, DD1 2BG

Retail Premises in 100% PRIME Dundee City Centre position. ***2,262 SQUARE FEET, 210.15 SQUARE METRES approx over Ground & Basement Floors***

Premier position next door to occupiers like Boots, Ladbrokes, Brewdog and principal retailing areas, with the re-development of the Wellgate Shopping Centre into a leisure and enterainment centre likely to bring further interest and more national occupiers to the East side of Dundee City Centre

Planning permission granted to Split premises into Two Separate Units, alleviating Rates and Maximizing Rental Income*** NO RATES PAYABLE*** New Wellgate development will

Property offers Large Glass Frontage with a large open plan Ground Floor suitable for a variety of uses, subject to the appropriate consents. The Basement Floor provides further staff accommdation, WC's and Ancillary Storage Space

Public transport and road communications are excellent with the A90 to Perth, Edinburgh and Aberdeen and the A92 to Arbroath, Montrose and Stonehaven

Retail Premises in 100% PRIME Dundee City Centre position. ***2,262 SQUARE FEET, 210.15 SQUARE METRES approx. over Ground & Basement Floors***Premier position next door to occupiers like Boots, Ladbrokes, Brewdog and principal retailing areas, with the re-development of the Wellgate Shopping Centre into a leisure and entertainment centre likely to bring further interest and more national occupiers to the East side of Dundee City Centre . Potential to Split premises into Two Separate Units, alleviating Rates and Maximizing Rental Income*** Current Rateable Value £20,600***Property offers Large Glass Frontage with a large open plan Ground Floor suitable for a variety of uses, subject to the appropriate consents. The Basement Floor provides further staff accommodation, WC's and Ancillary Storage Space. Benefiting from being within one of Scotlandís largest Cities with 2 highly acclaimed Universities and a resident population in excess of 150,000 people. Potential for various different uses (subject to consents) as an excellent size. Priced to sell sure to attract interest from investors, speculators, developers and shrewd property professionals.

Public transport and road communications are excellent with the A90 to Perth, Edinburgh and Aberdeen and the A92 to Arbroath, Montrose and Stonehaven.

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Location

Pricing Information & Bidding

Opening Bid: £107,000

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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Offer Now... You may submit an offer now on this property for the owner to consider. 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: 23 September 2021, 10am-3pm
Type: Timed Online Auction

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