Auction Date: 24 October 2011
Start Time: 7.30pm
Glasgow Radisson Hotel
Property Details: Substantial building circa 5,500 square feet in central Dundee WITH PLANNING permission for conversion to 8 FLATS ***VALUATION 2011: £180,000***
Valuation: £180,000 - 100% PRIME Location. ***RICS Surveyors VALUATION £180,000 ( JULY 2011).*** Former Educational Building WITH UNIQUE Development potential. Completed development will benefit from having outstanding views over the River Tay
Planning consent granted for 6 x 2 bed flats, 1 x 1 bed & 1 x 3 bed ***Estimated completed development value of up to £715,000*** Close to the City Centre, Shopping Centres and both Dundee & Abertay Universities. ***FAST SALE REQUIRED DUE TO CIRCUMSTATNCES***
Ideal opportunity to convert to residential properties in highly sought after district with fantastic student & professional demand.
Surrounded by modern residential developments located both opposite and adjacent ***Prime Development Opportunity***
Valuation: £180,000 - Substantial property RARE opportunity to acquire a substantial former educational building in central Dundee in excess of 5500 square feet with planning permission to convert into 8 modern luxury flats benefiting from having views across Dundee and the River Tay. Consent granted for 6 x 2 bed flats, 1 x 1 bed & 1 x 3 bed: 8 flats. ***SURVEYORS VALUATION £180,000 (July 2011) Available*** This property offers an exciting project with a completed development value of up to £715,000 and rental prospects circa of £50,000 per annum rental when completed. Surrounded by established modern developments and benefiting from being within one of Scotlandís largest Cities with 2 highly acclaimed Universities and a resident population in excess of 150,000 people. This property is readily accessible to both Dundee University & The University of Abertay. Moreover it is likely to appeal to those working at the highly regarded Ninewells Hospital. The Hilltown district of Dundee has undergone vast regeneration over the past few years, with the City Centre now hosting 2 major Shopping Centres, both within walking distance from this property. Dundee benefits from having excellent transport links throughout Scotland and is serviced by Motorways, Central Train and Bus Station and the districts regional airport.
* Guide Price:
£79,000 Offer Now
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