Hostel & Offices with Development Potential
The premises are situated to the south side of King Street, a short distance east from its junction with East Marketgait, approximately half a mile north-east of Dundee city centre. The subjects are in close proximity to the Dundee Waterfront area which is currently undergoing a multi-million pound redevelopment comprising commercial and residential use to reconnect the city with the River Tay to the south. The Victoria & Albert Museum will form the central attraction of the Waterfront area.
The subjects comprise a two storey and attic former mill building of stone wall construction under a pitched and slated roof with dormer windows to the front.
We understand the premises were originally built in 1830, but later converted to offices in circa 1913. As such, it includes a number of ornate features both internally and externally including three arched entrances from King Street and stone parapets. The building is currently Category B Listed, as being of special architectural and historical merit.
Internally, the premises have been refurbished in recent years to provide modern office accommodation at ground floor level, and secure residential / hostel accommodation and first and attic floor level.
We have calculated the approximate gross internal floor area of the subjects, in accordance with the RICS Code of Measuring Practise (6th Edition), to be as follows:-
| Description | Sq.m. | Sq.ft. |
| Ground floor office and 1st / 2nd floor hostel | 2,006 | 21,600 |
Unless otherwise stated all prices, premiums and rents are quoted exclusive of VAT which may be payable.
Each party will be responsible for their own legal costs in connection with the above transaction with the tenant being responsible for any stamp duty and VAT liability incurred thereon in.
Viewing strictly by appointment with the sole agents.
INVESTMENT / DEVELOPMENT OPPORTUNITY
Seagate House is located on the north side of Seagate, directly opposite Dundee Bus Station within the heart of Dundee city centre. The premises have good access to the Tay Road Bridge and main traffic routes and are well served by public transport services. The subjects are in close proximity to the Dundee Waterfront Area which is currently undergoing a multi-million pound redevelopment comprising commercial and residential use to reconnect the city with the River Tay to the south. The Victoria & Albert Museum will form the central attraction of the Waterfront Area. The city of Dundee has a population of approximately 145,000 and a regional catchment population estimated in the region of 400,000. The city is well connected to the rest of Scotland, with approximately 90% of Scotland’s population being within 90 minutes’ drive time of the city. Dundee has two Universities – The University of Dundee and the University of Abertay – with over 20,000 students resident in the city.
Dundee is one of the UK’s most progressive cities with a rolling investment programme which continues apace. By far the largest regeneration project is the Dundee Waterfront Regeneration, a £1billion project to reconnect the city to the waterfront and create a high quality, mixed use, riverside urban quarter right in the heart of the city. The development will be one of Western Europe’s most extensive and transformative waterfront projects and one of Scotland’s biggest waterfront regenerations. The project has recently been ranked as a UK Top 20 regeneration project and is expected to become Scotland’s first sustainable community.Description
Seagate House is a four storey building which dates from approximately 1970. The building is of concrete framed construction under a flat roof. The flat roof was renewed in 2006. The office accommodation at Seagate House is arranged over first, second and third floors, with suites arranged on either side of a central stairwell and service core.
There is an 8 person passenger lift serving all floors.
The accommodation is fully refurbished internally, providing excellent open plan office space, with gas fired radiator central heating, double glazing, suspended ceilings and good modern toilet accommodation to each suite.Accommodation
We estimate the net internal floor area of the accommodation to be as follows:
| Floor | Suite | Sq.M. | Sq.Ft. |
| Ground | West* | 244.9 | 2,637 |
| Ground | East | 44.0 | 474 |
| 1st | West* | 208.8 | 2,248 |
| 1st | East | 201.0 | 2,163 |
| 2nd | West* | 208.8 | 2,248 |
| 2nd | East | 201.0 | 2,163 |
| 3rd | West | 208.8 | 2,248 |
| 3rd | East | 201.0 | 2,163 |
| Total | | 1,518.3 | 16,343 |
This approximate net internal floor area has been calculated in accordance with the RICS Code of Measuring Practice
*Occupied by Dundee Carers Centre
The property has been entered in the valuation roll and can be viewed at www.saa.gov.uk by entering the postcode DD1 2HB.Energy Performance Certificate (EPC):
The subjects have an EPC rating of ‘C’. Further information is available on request from the joint marketing agents.Price
Offers over £800,000 ex VAT.Legal Costs
Each party shall be responsible for their own legal costs incurred in connection with any transaction.VAT
Unless otherwise stated prices, premiums and rents quoted are exclusive of VAT which may be payable.
PROMINENT INDUSTRIAL PREMISES WITH DEVELOPMENT POTENTIAL
Dundee is Scotland’s fourth largest city with a resident population of approximately 150,000 and an estimated catchment of some 600,000 persons, and serves as the principal employment centre for Tayside and East Fife. Dundee commands a strategic position within Scotland with access to 90% of the country’s population within 90 minutes drive.
The subjects are located approximately 4 miles north west of Dundee city centre on Dunsinane Industrial Estate, one of Dundee’s most established industrial locations. The premises are situated adjacent to the Kingsway, the main ring road through the city, which forms part of the A90 Aberdeen and Edinburgh / Glasgow trunk road.
The premises occupy a prominent position at the western entrance to Dunsinane Industrial Estate at the junction with Coupar Angus Road. Dunsinane Avenue is the main arterial road through the estate and provides direct access to the Kingsway and motorway network beyond.
Immediately to the north east of the property is a new 65,000 sq ft Peter Vardy Car Supermarket, approximately 15,000 sq ft of modern office pavilions, and a proposed Dominos, Starbucks Drive-thru and children’s nursery.Description
The property comprises a substantial warehouse building of brick construction with a steel frame over three bays, under a profile metal sheet roof. A more recent extension has been added of brick construction to dado height with profile metal sheet above to the walls and roof. A single storey office block wraps around the front of the premises.
The subjects are situated on a site area of approximately 4.4 acres (1.74 hectares) or thereby.Planning
We are of the view that this property has industrial/ office/car showroom development potential. We would recommend that interested parties contact Dundee City Council Planning Department on 01382 434 000.Accommodation
We have calculated the gross internal floor area, in accordance with the RICS Code of Measuring Practise (6th Edition), to be as follows:
| Description | sq ft | sq m |
| Warehouse | 7,992 | 86,027 |
| Office | 819 | 8,816 |
| Total | 8,741 | 94,843 |
We have made informal enquiries of the Tayside Assessor and are informed that the premises are currently entered in the Valuation Roll as follows:
Warehouse: NAV/RV £273,000Offers
Offers in excess of £900,000 are invited for the outright ownership interest.Viewing
Strictly by appointment by the sole agents.
Substantial Warehouse & Office with Development Potential
The property is located approximately 4 miles north-west of Dundee city centre, on the north east side of Myrekirk Road, close to its junction with Liff Road, within Wester Gourdie Industrial Estate. The estate has easy access to the Kingsway, which forms part of Dundee’s outer ring road, and therefore the subjects have easy access to main arterial routes and the trunk road network.
Immediately to the south of the property is a new 52,000 sq ft Asda Superstore and a proposed 20,000 sq ft Aldi foodstore.
A planning application has also recently been submitted for a restaurant / bar and associated living accommodation and coffee drive-thru, both of which are in close proximity.
Other surrounding uses include industrial, trade counter, car showroom and leisure.Description
The property comprises an extensive warehouse and adjoining office accomodation with a substantial secure yard and car parking area on a site of approximately 1.85ha (4.5 acres).Availability
| Description | sq m | sq ft |
| Warehouse | 5,769 | 62,101 |
| Office | 458 | 4,937 |
| Total | 6,227 | 67,038 |
Our clients are seeking to let the property on a full repairing and insuring basis on a term to be agreed. Alternatively, our clients may consider offers for the heritable proprietors interest in the premises.Planning
We are of the opinion that the site suits a wide range of uses including industrial, trade counter, retail and car showroom. Interested parties should contct the Planning and Transportation Department of Dundee City Council (01382 433 558) for further information.Legal Costs
Each party will be responsible for their own legal costs in connection with the above transaction with the tenant being responsible for any LBTT or VAT incurred thereon in.Viewing
Strictly by appointment by the sole agents.