Page 9 - Shepherd Commercial Auctions - August 2024

Lot 5
10 Panmure Street, Dundee, DD1 2BW
Retail Premises
Features
• Prominent location in city centre
• National operators nearby
• Adjacent to Wellgate Centre
• Class 1A consent
• NIA 148.2 sq. m. (1,596 sq. ft.)
Description
The subjects comprise the ground floor and basement of a mid-terraced 4 storey plus
attic building of traditional stone construction.
The property may suit a variety of commercial uses, subject to the appropriate consents.
Accommodation
Internally, the accommodation provides an open plan retail area and W.C with storage
and staff facilities including WC’s, in the basement area.
Location
Dundee is located on the east coast of Scotland approximately mid-way between
Aberdeen (circa 105 kilometres (65 miles) to the north) and Edinburgh (circa 96
kilometres (60 miles) to the south) overlooking the Tay estuary and has a resident
population of circa 150,000 persons and a catchment of some 500,000 persons (source:
Dundee City Council).
Dundee is Scotland’s fourth largest city and is the regional centre for employment,
services and retailing within Tayside.
The ongoing regeneration as part of the waterfront development has been well
documented and the opening of the V&A museum has helped establish Dundee as a
major regional centre.
Local major employers include DC Thomson, BT, Dundee Council, Dundee University
and Abertay University. All of which are located a short distance from the subjects.
The subjects are located on the north side of Panmure Street close to its junction with
Albert Square and Murraygate.
Rateable Value
The property has a rateable value of £14,900.
Energy Performance Rating The property has an energy rating of F.
*Guide Price £110,000 (plus fees if applicable)
Auction Type
Unconditional Sale - The buyers fee is 1.8% inc VAT(1.5% plus VAT)
subject to a minimum of £1,800 inc VAT(£1,500 plus VAT).
* Please see Buyer’s Terms for definition of guide price
and auction fees
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