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Agent's details

28-30 Trades Lane

For sale: £775,000.00|0.19 Acre|Other, Other Property Types & Opportunities

Property details

FOR SALE£775,000.00
SIZE0.19 Acre
ADDRESS28-30 Trades Lane, Dundee, DD1 3ET
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON9th July 2021

Description

Key Points

  • CENTRAL LOCATION OPPOSITE DUNDEE WATERFRONT
  • PLANNING GRANTED FOR 28 RESIDENTIAL UNITS AND 3 RETAIL UNITS (18/00988/FULL)
  • POTENTIAL GDV OF RESIDENTIAL UNITS c. £5.65.9m (SUBJECT TO SPEC AND MARKET CONDITIONS
  • SITE AREA APPROX. 0.08ha (0.19acres)
  • OFFERS OVER £775,000
  • Summary

    SUPERB DEVELOPMENT OPPORTUNITY WITH A CONSENTED MIXED USE SCHEME IN CENTRAL DUNDEE

    Description

    The site occupies an area approx. 0.08 hectares, and consists of a block built commercial warehouse and concreated external areas. The site is currently vacant. Access is via Trades Lane, with easy transport links from the site out of the city. The site was granted planning permission in June 2019, to demolish the existing warehouse and create a mixed used development comprising of 3 retail units on the ground floor and 28 flats on upper floors. Planning Ref: 18/00988/FULL

    Viewings

    Westport Property will be pleased to arrange and accompany all viewing requests. Please contact the agent to arrange a suitable time.

    Location

    The site is located on the corner of Trades Lane and South Marketgait. It is on the peripheral of the £1bn major regeneration project occurring as part of the Dundee Central Waterfront Masterplan. Opposite Dundee Waterfront, the site is central to the city's main work, shopping, and tourist amenities. Ideally positioned to take advantage of its proximity to the all the local bars, restaurants and shops that central Dundee has to offer. Within a 0.6km radius of the site are located - the City Centre, Dundee Train Station, Overgate Shopping Centre, Abertay University, Waterfront, and V&A; Museum. Dundee University is approx.1.2km.

    Terms

    Offers over £775,000

    Promo

    Development Opportunity

    VAT

    All prices, premiums and rents are quoted exclusive of VAT which may be payable.

    Planning Summary

    The site was granted planning permission in June 2019, to demolish the existing warehouse and create a mixed used development comprising of 3 retail units on the ground floor and 28 flats on upper floors. Planning Ref: 18/00988/FULL

    Design Statement

    "Combine 3 retail units on the ground floor with 28 flats featuring high quality open plan living on the 6 floors above. Floors 1-5 incorporate 25 x 2 and 3 bedroom flats ranging from 75m2 up to 100m2 with 3 x 3 bedroom Penthouses on the 6th floor at 105m2, 108m2 and 111m2. The Penthouse apartments are set back from the main façade reducing the verticality of the building and allowing the parapet level of the adjacent building to be reinforced in the proposed building. Balconies are also provided to the flats on Floors 4 & 5 of the South Marketgait elevations and all flats on Trades Lane elevation.”

    Tenure & Use

    Heritable (Scottish equivalent of English freehold). Interested parties should satisfy themselves with regards to any proposed future use by consulting the town and country planning (use classes) (Scotland) order 1997.

    Location

    marker
    Location: 28-30 Trades Lane, Dundee, DD1 3ET

    Dundee (0.4 miles)

    Invergowrie (3.7 miles)

    Broughty Ferry (3.7 miles)

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