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Summary
Multi-let modern office pavilion located immediately adjacent to the redeveloped Dundee Train Station and Sleeperz hotel development, the property is situated in the heart of Dundee’s waterfront regeneration project. Let to national surveying practice, Graham & Sibbald (2023) and The Scottish Ministers (2023). £1BN of private and public funds have been spent transforming the area with the new V&A museum (the first of its kind outside London and opening 5th September 2018) anchoring the development. Purchased from Tavistock for a price reflecting a NIY of 8.83% Attracted by the quality of the tenants and physical property, low rental rate per sq ft, high car parking ratio and location, we were delighted to secure this off-market opportunity. With further asset management opportunities being progressed, we look forward to holding this asset and watching the continued transformation of the area and the City. |
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