Page 20 - Shepherd February Commercial Auction 2023

Lot 15
Extensive Refurbished Office Premises
11 Buchanan Street, Dundee City, Dundee, Angus DD4 6SD
Features:
• Extensive Refurbished Office Premises (Former Radio Studio) • Accommodation over the ground and first floor
• NIA: 144.7 sq m (1,557 sq ft)
• Separate Stone Extending to 49.3 sq m (531 sq ft)
• On street parking
Description:
The subjects comprise the ground and first floors of a mid-terraced brick building with a pitched / slate roof over. The building was most recently used as a commercial radio station. Internally the ground floor offers an attractive entrance vestibule, 2 private offices and WC. The first floor offers a large open plan office, board room, meeting room and kitchen. The office has been extensively refurbished and would suit a variety of alternative uses. The property also includes a self-contained store, accessed by a separate entrance from the street and could offer potential for alternative use, subject to obtaining the necessary consents.
Location
Dundee is located on the east coast of Scotland approximately mid way between Aberdeen and Edinburgh, overlooking the Tay Estuary and has a resident population of circa 155,000 persons and a catchment of some 235,000 persons. Dundee is Scotland's fourth largest city and is the regional centre for employment, services and retailing within Tayside. The city has its own airport with daily flights to London and sits on the main east coast railway line which runs services into London. The ongoing regeneration as part of the waterfront development has been well documented and the construction of the V and A museum will help establish Dundee as a major regional centre. The subjects are located on the south side of Buchanan Street, to the northeast of Dundee city centre in a mixed commercial/residential area. Surrounding properties comprise a mix of residential flats and houses along with commercial buildings. Commercial occupiers in close proximity include a number of car garages and car sales businesses, whilst directly opposite is an ongoing residential development.
Accommodation:
Ground Floor: 45.73 sqm (492 sq ft.) First Floor: 98.98 sqm (1065 sq ft.) Store: 49.33 sqm (531 sq ft.)
Total: 194.04 sqm (2,088 sq ft.)
*Guide Price £115,000+ (plus fees)
20 | *Please see Buyer’s Terms for definition of guide price and auction fees
Energy Efficiency Rating: TBC
Rateable Value:
The property is currently entered in the Valuation Roll as follows: RV £10,700 (as at April 2023).
Tenure:
See Legal Pack
Viewing:
Viewings by arrangement with Shepherd Commercial Property Auctions -Tel: 0333 016 4000 Email: auctions@shepherd.co.uk
Auction Type:
Unconditional Sale. The buyers fee is 1.8% including VAT, subject to a minimum of £1,800 including VAT.
Closing date for next Auction: 7th May 2020 - Entries Invited