Development Opportunity For Sale, Seagate House, 132-134 Seagate, Dundee, DD1 2HB

Summary

INVESTMENT / DEVELOPMENT OPPORTUNITY

Location

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 Scotlands 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.

Regeneration

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:

This approximate net internal floor area has been calculated in accordance with the RICS Code of Measuring Practice
(6th edition).

*Occupied by Dundee Carers Centre
*Cerberus Technologies

Rating

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.