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1-37 Camperdown St 695 - 4,000 sq ft Units Offered at £220,000 - £475,000 Per Unit in Dundee DD1 3JA
INVESTMENT HIGHLIGHTS
- Excellent investment opportunity in popular mixed residential/commercial location
- Forming part of a ‘B’ listed former railway shed
- Contained within a terraced parade of similar units
EXECUTIVE SUMMARY
The subjects are located within the City Quay area of Dundee immediately to the south of the city centre, in an area which has undergone major redevelopment providing high quality office accommodation and residential dwellings. The City Quay location is a 5 minute walk from the Dundee Bus Station and less than 10 minutes walk from the railway station and V&A museum. The subjects comprise a modern ground floor office contained within a single storey terrace of similar units. The property has the benefit of an attractive glazed display frontage. The southern elevation overlooks the marina.
PROPERTY FACTS
| Total Property Size | 74,923 sq ft | Typical Floor Size | 70,000 sq ft |
| Property Type | Retail | Year Built | 1967 |
| Costar Property Class | B | Total Plot Size | 1.72 ac |
| Floors | 1 | Parking Allocation | 4.29/1,000 sq ft |
| Total Property Size | 74,923 sq ft |
| Property Type | Retail |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 70,000 sq ft |
| Year Built | 1967 |
| Total Plot Size | 1.72 ac |
| Parking Allocation | 4.29/1,000 sq ft |
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Waterfront
7 UNITS AVAILABLE
Unit 9A
| Unit Size | 1,432 sq ft | Sale Type | Investment |
| Price | £220,000 | Tenure | Freehold |
| Price Per sq ft | £153.63 | Net Initial Yield | 8.00% |
| Unit Use | Office | NOI | £17,600 |
| Unit Size | 1,432 sq ft |
| Price | £220,000 |
| Price Per sq ft | £153.63 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.00% |
| NOI | £17,600 |
DESCRIPTION
The subjects comprise a mid-terraced office property occupied by Search Recruitment contained within a terraced parade of similar units. The main walls are of brick construction with pitched slate roof over, forming part of a ‘B’ listed former railway shed . Internally the accommodation comprises open plan office space with private partitioned offices, kitchen and toilet facilities. There is both front and rear access into the property.
SALE NOTES
Search Consultancy are a recruitment agency incorporated in July 1987. They have occupied the premises since 2010 and extended the lease 1 st October 2020 until 15th September 2030 with tenant only break option on 15th September 2025. The annual rent is £18,000 which is subject to review 15th September 2025.
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Unit 13
| Unit Size | 4,000 sq ft | Sale Type | Investment |
| Price | £475,000 | Tenure | Freehold |
| Price Per sq ft | £118.75 | Net Initial Yield | 8.87% |
| Unit Use | Retail | NOI | £42,132.50 |
| Unit Size | 4,000 sq ft |
| Price | £475,000 |
| Price Per sq ft | £118.75 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.87% |
| NOI | £42,132.50 |
DESCRIPTION
Internally the accommodation comprises open plan retail space and associated storage ,kitchen and toilet facilities. There is both front and rear access into the property.
SALE NOTES
American Golf is Europe’s largest golf retailer and has 93 stores in the UK and the Republic of Ireland. The property has been let to American Golf (Trading) Ltd from 6 February 2017 and expires 5 February 2027. They did not exercise their break option in 2022. The annual rent is £44,000 per annum.
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Unit 16B
| Unit Size | 1,430 sq ft | Sale Type | Investment or Owner Occupier |
| Price | £250,000 | Tenure | Freehold |
| Price Per sq ft | £174.83 | Sale Conditions | Option to Purchase with Lease |
| Unit Use | Retail |
| Unit Size | 1,430 sq ft |
| Price | £250,000 |
| Price Per sq ft | £174.83 |
| Unit Use | Retail |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
| Sale Conditions | Option to Purchase with Lease |
DESCRIPTION
Internally the accommodations provides flexible open plan space suitable for a variety of commercial uses.
On site car parking is available.
SALE NOTES
The property is available to lease on standard commercial terms at an asking rent in the region of £22,000 per annum. The lease will be on standard full repairing terms for a term to be negotiated. Alternatively offers in the region of £250,000 are invited for the clients heritable interest.
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Unit 18
| Unit Size | 1,657 sq ft | Sale Type | Investment or Owner Occupier |
| Price | £250,000 | Tenure | Freehold |
| Price Per sq ft | £150.88 | Sale Conditions | Option to Purchase with Lease |
| Unit Use | Office |
| Unit Size | 1,657 sq ft |
| Price | £250,000 |
| Price Per sq ft | £150.88 |
| Unit Use | Office |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
| Sale Conditions | Option to Purchase with Lease |
DESCRIPTION
Internally the accommodations provides flexible open plan space suitable for a variety of commercial uses.
On site car parking is available.
SALE NOTES
The property is available to lease on standard commercial terms at an asking rent in the region of £22,000 per annum. The lease will be on standard full repairing terms for a term to be negotiated. Alternatively offers in the region of £250,000 are invited for the clients heritable interest.
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Unit 19
| Unit Size | 695 sq ft | Sale Type | Investment or Owner Occupier |
| Unit Use | Office | Tenure | Freehold |
| Unit Size | 695 sq ft |
| Unit Use | Office |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
DESCRIPTION
The subjects comprise a modern ground floor office contained within a single storey terrace of similar units. The property has the benefit of an attractive glazed display frontage. Internally the accommodations provides flexible open plan space suitable for a variety of commercial uses.
SALE NOTES
Property is available to lease on standard commercial terms at an asking rent of £9,000 per annum plus service charge.. Alternatively offers are invited for our client's heritable interest.
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Unit 22
| Unit Size | 2,433 sq ft | Sale Type | Owner Occupier |
| Price | £280,000 | Tenure | Freehold |
| Price Per sq ft | £115.08 | Sale Conditions | Option to Purchase with Lease |
| Unit Use | Office |
| Unit Size | 2,433 sq ft |
| Price | £280,000 |
| Price Per sq ft | £115.08 |
| Unit Use | Office |
| Sale Type | Owner Occupier |
| Tenure | Freehold |
| Sale Conditions | Option to Purchase with Lease |
DESCRIPTION
Internally the accommodations provides flexible open plan space with additional private offices and meeting rooms, suitable for a variety of commercial uses. In addition, there is a kitchen, toilet and shower block with mezzanine area above.
SALE NOTES
The property is available to lease on standard commercial terms at an asking rent in the region of £25,000 per annum.. Alternatively offers are the heritable interest.
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Unit 23
| Unit Size | 2,690 sq ft | Tenure | Freehold |
| Unit Use | Office | Sale Conditions | Option to Purchase with Lease |
| Sale Type | Owner Occupier |
| Unit Size | 2,690 sq ft |
| Unit Use | Office |
| Sale Type | Owner Occupier |
| Tenure | Freehold |
| Sale Conditions | Option to Purchase with Lease |
DESCRIPTION
Internally the accommodations provides flexible open plan space with additional private offices and meeting rooms, suitable for a variety of commercial uses. In addition, there is a kitchen, toilet and shower block with mezzanine area above.
SALE NOTES
The property is available to lease on standard commercial terms at an asking rent in the region of £32,500 per annum.. Alternatively offers are e invited for our client's heritable interest.
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NEARBY MAJOR RETAILERS
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1-37 Camperdown St
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