Property Details

Lot 53b

Guide Price: £79,000

112-114 Hilltown, Dundee, DD3 7AX

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 Scotland’s 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

External Viewings Anytime:

You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Internal Viewings by Appointment Only:

Internal viewings may be available by arrangement where possible. Please contact us now to register your interest in viewing this property internally. In some cases there may be no internal open viewings possible.

Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form

Scotland's Largest Dedicated Land & Property Auction House. Flats, Houses, Land, Plots, Residential and Commercial.

Glasgow - West Coast

Edinburgh - East Coast