Faraday Business Centre, Dundee Angus DD2 3QQ

Faraday Business Centre,
Dundee
Angus
DD2 3QQ

Heritable Office and Warehouse Investment

Comprises over 40 office suites with adjoining warehouse
Opportunity to enhance income by letting vacant office suites
Site area approximately 1.43 acres (0.58 hectares) with 57 car parking spaces
Low capital value (circa £11.70 psf)
Re-development Potential (subject to consents)
Established Business Park
Other occupiers on the Park include Dulux, Screwfix, Howdens, JCB, Land Rover and Royal Mail

Lot
48
Auction
18th May 2023
Rent
£20,000 per Annum Exclusive
Status
Sold
Price
£315,000
Auction Venue
Live Streamed Auction

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Heritable Office and Warehouse Investment

Comprises over 40 office suites with adjoining warehouse
Opportunity to enhance income by letting vacant office suites
Site area approximately 1.43 acres (0.58 hectares) with 57 car parking spaces
Low capital value (circa £11.70 psf)
Re-development Potential (subject to consents)
Established Business Park
Other occupiers on the Park include Dulux, Screwfix, Howdens, JCB, Land Rover and Royal Mail

Lot 48
Auction 18th May 2023
Rent £20,000 per Annum Exclusive
Status Sold
Price £315,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles north of Dundee City Centre, 20 miles east of Perth, 60 miles north of Edinburgh
Roads: A90, A92
Rail: Dundee Railway Station
Air: Dundee Airport

Situation

The property is located within Dryburgh Industrial Park, 4 miles north of Dundee City Centre, and boasts excellent communication links being close to the A90 and A92. Dundee Airport lies approximately 2 miles south of the property, while Dundee rail station is approximately 3 miles south-east. Other occupiers on the Park include Dulux, Screwfix, Howdens, JCB, Land Rover and Royal Mail.

Tenure

Heritable.

Location

Miles: 4 miles north of Dundee City Centre, 20 miles east of Perth, 60 miles north of Edinburgh
Roads: A90, A92
Rail: Dundee Railway Station
Air: Dundee Airport

Situation

Tenure

Heritable.

Description

The property comprises an office building arranged over the ground and first floors with an adjoining ground floor warehouse. The property has a site area of 1.43 acres (0.58 hectares) and benefits from 57 car parking spaces to the front. The property may be suitable for re-development subject to the necessary consents.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Suites 1-40	Ground/First	Office	646.23	(6,956)	VACANT
Warehouse	Ground	Storage/Ancillary	1,300.64	(14,000)	DUNDEE & ANGUS RECYCLING GROUP CIC	15 months from 01/04/2022	£12,000	30/06/2023
Yard Area		Storage/Ancillary	-	-	SIG TRADING LTD	10 months from 01/08/2022	£8,000	31/05/2023
Total Approximate Floor Area			1,946.87	(20,956)			£20,000

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.