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85-87 Commercial St
Dundee DD1 2AB

Office Property For Sale · 20,400 SF

Investment Highlights

  • Prominent city centre location
  • Grade A listed building
  • Close to Dundee waterfront

Executive Summary

The subjects are located on the north east side of Commercial Street, close to it junctions with High Street and Murraygate within Dundee City Centre. Commercial Street is considered one of Dundee’s principle business locations with a mix of national and local occupiers all within close proximity to the main retail thoroughfare and both the Overgate and Wellgate Shopping Centres. Occupiers nearby include Costa, Tesco, The Body Shop, Blackadders and HSBC. There are also other retail and restaurant occupiers such as Tony Macaroni, Taco Bell and Nandos, along with local/regional traders. Commercial Street links to the Dundee Waterfront area which is currently undergoing a multi-million-pound redevelopment. The Victoria & Albert Museum forms the central attraction of the Waterfront with Malmaison and Sleeperz Hotels also located close to the subject premises. The subjects comprise a first floor office suite which form part of a substantial four storey and attic tenement building. The premises were originally built in the 1880’s and are currently Category A Listed. The main access is provided from Commercial Street with access to the upper floors through an attractive and well maintained inner hall and stairwell.

PROPERTY FACTS

Unit Size 1,563 SF
No. Units 1
Total Building Size 20,400 SF
Property Type Office (Unit)
Sale Type Owner User
Building Class B
Number of Floors 6
Typical Floor Size 3,400 SF
Year Built 1885
Lot Size 0.09 AC

1 Unit Available

Unit 87

Unit Size 1,563 SF
Unit Use Office
Sale Type Owner User
Tenure Freehold
Description

Internally, the office is arranged to provide a reception area, 5 no. office rooms, kitchen, male and female WC’s, store/comms room and a walk in safe. The accommodation is fitted out to an excellent modern standard with carpet flooring throughout, perimeter trunking, a mixture of fluorescent strip and wall mounted lights supplementing ample natural light through single glazed sash windows. Heating is via a gas central heating system.

Sale Notes

The premises are available on tenant's full repairing and insuring terms for a term to be negotiated to a rental of £16,000 per annum.
Alternatively, the clients will consider offers of £145,000 for the heritable proprietors interest.

Interior
Interior
Interior
Interior
Interior
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Amenities

  • Security System
  • Storage Space
  • Listing ID: 28266702

  • Date on Market: 19/04/2023

  • Last Updated:

  • Address: 85-87 Commercial St, Dundee DD1 2AB

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