Page 26 - Shepherd Commercial Auctions - Catalogue 20/06/2024

Lot 23 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)
26 * Please see Buyer’s Terms for definition of guide price and auction fees
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).