for sale refurbished offices
FOR SALE REFURBISHED OFFICES Investment / Development Opportunity
Dundee Waterfront
Gallagher Retail Park
City Quay
Seagate House, 132-134 Seagate, Dundee, DD1 2HB
• Within Dundee City Centre
From: 201 sq m (2,163 sq ft)
• Open plan floor plates
To:
• Part income producing
1,518 sq m (16,343 sq ft)
Available as a whole or wing by wing basis
• Close to Dundee Waterfront Area
LOCATION Seagate House is located on the north side of Seagate, directly opposite Dundee Bus Station within the heart of Dundee city centre. The premises have good access to the Tay Road Bridge and main traffic routes and are well served by public transport services. The subjects are in close proximity to the Dundee Waterfront Area which is currently undergoing a multi-million pound redevelopment comprising commercial and residential use to reconnect the city with the River Tay to the south. The Victoria & Albert Museum will form the central attraction of the Waterfront Area. The city of Dundee has a population of approximately 145,000 and a regional catchment population estimated in the region of 400,000. The city is well connected to the rest of Scotland, with approximately 90% of Scotland’s population being within 90 minutes’ drive time of the city.
*Occupied by Dundee Carers Centre LEASE DETAILS The property is part income producing with Dundee Carers occupying two suites from 12th September 2014 on a 15 year FRI lease. The passing rent is £38,500 per annum with upward only rent reviews on the 5th and 10th anniversaries of date of entry. RATING: The property has been rated in the Valuation Roll and can be viewed at ww.saa.gov.uk by entering the post code DD1 2HB. ENERGY PERFORMANCE CERTIFICATE (EPC): The subjects have an EPC rating of ‘C’. Further information is available on request from the joint marketing agents.
Dundee has two Universities – The University of Dundee and the University of Abertay – with over 20,000 students resident in the city. REGENERATION Dundee is one of the UK’s most progressive cities with a rolling investment programme which continues apace. By far the largest regeneration project is the Dundee Waterfront Regeneration, a £1 billion project to reconnect the city to the waterfront and create a high quality, mixed use, riverside urban quarter right in the heart of the city. The development will be one of Western Europe’s most extensive and transformative waterfront projects and one of Scotland’s biggest waterfront regenerations. The project has recently been ranked as a UK Top 20 regeneration project and is expected to become Scotland’s first sustainable community. DESCRIPTION: Seagate House is a four storey building which dates from approximately 1970. The building is of concrete frame construction under a flat roof. The flat roof was renewed in 2006. The office accommodation at Seagate House is arranged over ground, first, second and third floors, with suites arranged on either side of the central stairwell and service core. There is an 8 person passenger list serving all floors. The accommodation is fully refurbished internally, providing excellent open plan office space, with gas fired radiator central heating, double glazing, suspended ceilings and good modern toilet accommodation to each suite. ACCOMMODATION: We estimate the net internal floor area of the accommodation to be as follows:Floor
Suite
Sq m
Sq ft
Ground
West*
244.9
2,637
Ground
East
44.0
474
First
West*
208.8
2,248
First
East
201.0
2,163
Second
West
208.8
2,248
Second
East
201.0
2,163
Third
West
208.8
2,248
Third
East
201.0
2,163
Total
1,518.3
16,343
This approximate net internal floor area has been calculated in accordance with the RICS Code of Measuring Practice (6th Edition).
PRICE: Further information is available from the joint marketing agents. VAT: Unless otherwise stated prices, premiums and rents quoted are exclusive of VAT which may be payable. LEGAL COSTS: Each party shall be responsible for their own legal costs incurred in connection with any transaction.
5
9 10
1
6
12
Murraygate
High Street
14
8 13
4
3 11
15
2 7 1.
University of Dundee
9.
High School of Dundee
2.
RRS Discovery
10.
McManus Gallery
3.
Sleeperz Hotel & New Railway Station
11.
Dundee Central Waterfront Regeneration Area
4.
Malmaison
12.
Wellgate Shopping Centre
5.
Abertay University
13.
Holiday Inn Express
6.
Overgate Shopping Centre
14.
Dundee Bus Station
7.
Victoria & Albert Museum
15.
Apex Hotel
8.
Caird Hall
16.
City Quay - Regeneration Area
16
Tay Road Bridge
VIEWING: By appointment with joint marketing agents:Ryden LLP Unit 20, city Quay Camperdown Street Dundee DD1 3JA
Graham & Sibbald 1 Greenmarket Dundee DD1 4QB
Tel: Email:
Tel: Email:
01382 227900 [email protected]
01382 200064 [email protected]
November 2016
Dundee Waterfront
Gallagher Retail Park
City Quay
Seagate House, 132-134 Seagate, Dundee, DD1 2HB
• Within Dundee City Centre
From: 201 sq m (2,163 sq ft)
• Open plan floor plates
To:
• Part income producing
1,518 sq m (16,343 sq ft)
Available as a whole or wing by wing basis
• Close to Dundee Waterfront Area
LOCATION Seagate House is located on the north side of Seagate, directly opposite Dundee Bus Station within the heart of Dundee city centre. The premises have good access to the Tay Road Bridge and main traffic routes and are well served by public transport services. The subjects are in close proximity to the Dundee Waterfront Area which is currently undergoing a multi-million pound redevelopment comprising commercial and residential use to reconnect the city with the River Tay to the south. The Victoria & Albert Museum will form the central attraction of the Waterfront Area. The city of Dundee has a population of approximately 145,000 and a regional catchment population estimated in the region of 400,000. The city is well connected to the rest of Scotland, with approximately 90% of Scotland’s population being within 90 minutes’ drive time of the city.
*Occupied by Dundee Carers Centre LEASE DETAILS The property is part income producing with Dundee Carers occupying two suites from 12th September 2014 on a 15 year FRI lease. The passing rent is £38,500 per annum with upward only rent reviews on the 5th and 10th anniversaries of date of entry. RATING: The property has been rated in the Valuation Roll and can be viewed at ww.saa.gov.uk by entering the post code DD1 2HB. ENERGY PERFORMANCE CERTIFICATE (EPC): The subjects have an EPC rating of ‘C’. Further information is available on request from the joint marketing agents.
Dundee has two Universities – The University of Dundee and the University of Abertay – with over 20,000 students resident in the city. REGENERATION Dundee is one of the UK’s most progressive cities with a rolling investment programme which continues apace. By far the largest regeneration project is the Dundee Waterfront Regeneration, a £1 billion project to reconnect the city to the waterfront and create a high quality, mixed use, riverside urban quarter right in the heart of the city. The development will be one of Western Europe’s most extensive and transformative waterfront projects and one of Scotland’s biggest waterfront regenerations. The project has recently been ranked as a UK Top 20 regeneration project and is expected to become Scotland’s first sustainable community. DESCRIPTION: Seagate House is a four storey building which dates from approximately 1970. The building is of concrete frame construction under a flat roof. The flat roof was renewed in 2006. The office accommodation at Seagate House is arranged over ground, first, second and third floors, with suites arranged on either side of the central stairwell and service core. There is an 8 person passenger list serving all floors. The accommodation is fully refurbished internally, providing excellent open plan office space, with gas fired radiator central heating, double glazing, suspended ceilings and good modern toilet accommodation to each suite. ACCOMMODATION: We estimate the net internal floor area of the accommodation to be as follows:Floor
Suite
Sq m
Sq ft
Ground
West*
244.9
2,637
Ground
East
44.0
474
First
West*
208.8
2,248
First
East
201.0
2,163
Second
West
208.8
2,248
Second
East
201.0
2,163
Third
West
208.8
2,248
Third
East
201.0
2,163
Total
1,518.3
16,343
This approximate net internal floor area has been calculated in accordance with the RICS Code of Measuring Practice (6th Edition).
PRICE: Further information is available from the joint marketing agents. VAT: Unless otherwise stated prices, premiums and rents quoted are exclusive of VAT which may be payable. LEGAL COSTS: Each party shall be responsible for their own legal costs incurred in connection with any transaction.
5
9 10
1
6
12
Murraygate
High Street
14
8 13
4
3 11
15
2 7 1.
University of Dundee
9.
High School of Dundee
2.
RRS Discovery
10.
McManus Gallery
3.
Sleeperz Hotel & New Railway Station
11.
Dundee Central Waterfront Regeneration Area
4.
Malmaison
12.
Wellgate Shopping Centre
5.
Abertay University
13.
Holiday Inn Express
6.
Overgate Shopping Centre
14.
Dundee Bus Station
7.
Victoria & Albert Museum
15.
Apex Hotel
8.
Caird Hall
16.
City Quay - Regeneration Area
16
Tay Road Bridge
VIEWING: By appointment with joint marketing agents:Ryden LLP Unit 20, city Quay Camperdown Street Dundee DD1 3JA
Graham & Sibbald 1 Greenmarket Dundee DD1 4QB
Tel: Email:
Tel: Email:
01382 227900 [email protected]
01382 200064 [email protected]
November 2016
