Comprises over 40 office suites with adjoining warehouse
Opportunity to enhance income by letting vacant office suites
Site area approximately 1.43 acres (0.58 hectares) with 57 car parking spaces
Low capital value (circa £11.70 psf)
Re-development Potential (subject to consents)
Established Business Park
Other occupiers on the Park include Dulux, Screwfix, Howdens, JCB, Land Rover and Royal Mail
Lot 48
Auction 18th May 2023
Rent £20,000 per Annum Exclusive
Status Sold
Price £315,000
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles north of Dundee City Centre, 20 miles east of Perth, 60 miles north of Edinburgh
Roads
A90, A92
Rail
Dundee Railway Station
Air
Dundee Airport
Situation
The property is located within Dryburgh Industrial Park, 4 miles north of Dundee City Centre, and boasts excellent communication links being close to the A90 and A92. Dundee Airport lies approximately 2 miles south of the property, while Dundee rail station is approximately 3 miles south-east. Other occupiers on the Park include Dulux, Screwfix, Howdens, JCB, Land Rover and Royal Mail.
Tenure
Heritable.
Location
Miles
4 miles north of Dundee City Centre, 20 miles east of Perth, 60 miles north of Edinburgh
Roads
A90, A92
Rail
Dundee Railway Station
Air
Dundee Airport
Situation
The property is located within Dryburgh Industrial Park, 4 miles north of Dundee City Centre, and boasts excellent communication links being close to the A90 and A92. Dundee Airport lies approximately 2 miles south of the property, while Dundee rail station is approximately 3 miles south-east. Other occupiers on the Park include Dulux, Screwfix, Howdens, JCB, Land Rover and Royal Mail.
Tenure
Heritable.
Description
The property comprises an office building arranged over the ground and first floors with an adjoining ground floor warehouse. The property has a site area of 1.43 acres (0.58 hectares) and benefits from 57 car parking spaces to the front. The property may be suitable for re-development subject to the necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises an office building arranged over the ground and first floors with an adjoining ground floor warehouse. The property has a site area of 1.43 acres (0.58 hectares) and benefits from 57 car parking spaces to the front. The property may be suitable for re-development subject to the necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversion
Suites 1-40
Ground/First
Office
646.23
(6,956)
VACANT
Warehouse
Ground
Storage/Ancillary
1,300.64
(14,000)
DUNDEE & ANGUS RECYCLING GROUP CIC
15 months from 01/04/2022
£12,000
30/06/2023
Yard Area
Storage/Ancillary
-
-
SIG TRADING LTD
10 months from 01/08/2022
£8,000
31/05/2023
Total Approximate Floor Area
1,946.87
(20,956)
£20,000
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
