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.
SECURE YARD AREA
The subjects are located on the west side of Nobel Road within Wester Gourdie Industrial Estate. Wester Gourdie Industrial Estate is one of Dundee’s longest established industrial estates situated towards the north western outskirts of city, approximately 4 miles from the city centre. 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.
The subjects comprise a secure external yard with hardstanding finish, is fully fenced and has good vehicular access.
The yard is accessed through a communal entrance from Nobel Road and is currently used for the purpose of external storage.
The yard extends to approximately 0.3 acres.Rateable Value
The subjects need to be separately assessed for Rating purposes.Terms
The yard is offered for lease on Full Repairing and Insuring terms for a negotiable period.Rental
Rental offers in the order of £5,400 per annum are invited.VAT
Unless otherwise stated all prices, premiums and rents are quoted exclusive of VAT.Legal Costs
The tenant will be responsible for both parties legal costs in connection with the above transaction, the tenant also being responsible for any LBTT and VAT liability incurred thereon.
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.