Candle Lane

Dundee, DD1 3EN

4,356 sq ft
For Sale
Investments, Car Parking

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FANTASTIC CAR PARKING OPPORTUNITY IN DUNDEE CITY CENTRE

11 PARKING SPACES

£7,920 ANNUAL INCOME

Property Type Investments, Car Parking
Tenure For Sale
Size 4,356 sq ft
Freehold Price £120,000
Business Rates £2,880 (based on rateable value of £6,000)

Key Features

  • CENTRAL LOCATION
  • DIRECT ACCESS TO CITY CENTRE
  • SECURE FACILITY
  • GATED ACCESS
  • BOLLARD PROTECTION

Location

The subjects are located on the west side of Candle Lane, in between its junctions with Seagate and East Dock Street, close to the main arterial route into the city centre from the east.

Dundee Bus Station is situated in close proximity to the premises with the main bus routes running directly along Seagate.

The subjects are well placed to take advantage of future improvements in the city due to its location close to the main retailing pitch and established commercial areas of Dundee’s city centre.

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.

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. It will include a new outpost of the Victoria & Albert Museum which is area is expected to attract circa 300,000 tourists per annum.

Description

A rare opportunity to acquire 11 car parking spaces within a walled compound in the heart of Dundee city centre.

Each space is leased for £60.00 per calendar month, on monthly license terms.  The subjects produce a consistent annual income and the opportunity for investment or owner occupation. The total current rental is £7,920 per annum.

The car park comprises a secure tarmac surface enclosed facility, with key access to a single leaf barrier.

The subjects may have future development potential subject to the necessary planning consent being obtained. 

Viewing/Additional Information

If you require additional information, or to arrange to view the subjects, please contact the sole selling agent-

Telephone: 01382 225517

Email: info@westportproperty.co.uk

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