Page 21 - Shepherd Commercial Auctions - Catalogue 04/05/2023

Lot 16 11 Buchanan Street Dundee, DD4 6SD Extensively Refurbished Office Premises
Features
• Accommodation Over Ground and First Floor
• NIA 144.7 sq. m. (1,557 sq. ft.)
• Separate Store 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.
Accommodation
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 (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 155,000 persons and a catchment of some 235,000 persons (source: focus).
Dundee is Scotland's fourth largest city and is the regional centre for employment, services and retailing within Tayside.
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 local car garages and car sales businesses, whilst directly opposite is an ongoing residential development. A Lidl supermarket is located nearby on Dura Street.
Tenure
Freehold
*Guide Price £90,000 (plus fees if applicable)
* Please see Buyer’s Terms for definition of guide price and auction fees
Rateable Value
The property is currently entered in the Valuation Roll as follows: RV £10,700 (as at April 2023).
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).
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