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Hotel/Restaurant Development Opportunity, Forfar Road , Dundee, DD4 7BD

1.66 acres / Land / Mixed Use

To Let

Available - Last updated: 03 April 2019

The site offers potential for Morrisons to develop a hotel, restaurant, drive thru, etc for an occupier to an agreed specification.

Location

Dundee is located approximately 22 miles east of Perth, 13 miles north‐west of St Andrews and 17 miles south‐west of Arbroath. The town has a resident population in excess of 155,500 persons.

Dundee is a modern vibrant city set in a stunning location on the east coast of Scotland. The city benefits from a central geographic location with a catchment population of approximately 640,000 persons within a 60 minute drive time. Dundee has an excellent transport network with motorway links and a main station on the east coast line.

The site offers roadside prominence on Forfar Road with access shared with Morrisons foodstore (77,000 sq ft).

Accommodation

The site extends to approximately 1.66 acres (0.68 hectares).

Terms

LEASE / RENTAL TERMS - Morrisons are seeking occupiers on institutional leases on Full Repairing and Insuring basis, subject to 5 yearly upward only rent reviews.

RATING - To be assessed upon completion.

PLANNING - Currently zoned as a food store within Class 1 of the Town & Country Planning (Use Classes) (Scotland) Order 1997. It is anticipated that leisure / restaurant use would be acceptable subject to planning.

LEGAL COSTS - Each party shall be responsible for their own legal costs incurred in this transaction.

VALUE ADDED TAX - Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending lessee must satisfy themselves independently as to the incidence of VAT in respect of this transaction.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Available on application To Let NA NA

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John Conroy

Ryden LLP

0141 270 3176



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