McLaggan House, 1 Wurzburg Court, Medipark,

Dundee, DD2 1FB

10,112 sq ft
For Sale
Investments

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Investment Opportunity

Property Type Investments
Tenure For Sale
Size 10,112 sq ft
Freehold Price Offers Invited

Key Features

  • Strategically located in Dundee Medipark next to Ninewells Hospital and Medical School
  • 3 storey office building extending to 10,112 sq ft.
  • Single let to BBI Diagnostics Group Limited until 26 April 2020
  • Passing rent of £79,069 per annum (£7.82 psf)
  • Heritable Interest

Location

Dundee is located on the east coast of Scotland approximately 85 miles north east of Glasgow, 60 miles north of Edinburgh and 70 miles south of Aberdeen. The city’s economy is diverse with rapid growth across a variety of sectors, most notably digital media, biotechnology and high tech manufacturing. The city is home to numerous start-up companies, resulting from Dundee University’s intrinsic links to industry.

With a population of approximately 149,000, Dundee is the fourth largest city in Scotland. Dundee is a large administrative centre with major occipiers including Scottish Enterprise and Dundee CityCouncil, with employment in this sector accounting for approximately 30% of the workforce. Other significant employment sectors within Dundee include education, distribution, hotels and restaurants, manufacturing and banking, finance and insurance.

Dundee Waterfront is currently undergoing a £1 billion regeneration project, including the recently opened V&A Museum. Significant growth potential is forecast, as a further 7,000 jobs are forecast to be created through this major regeneration project.

SITUATION

Dundee MediPark is a well-established medical research park, strategically located on the A90 and close to the A85, which provide access to the national motorway network and Dundee City Centre. The property is immediately adjacent to Ninewells and within easy reach of Dundee Airport, both Dundee Universities and the James Hutton Institute.

Nearby occupiers on the research park include Insights Learning & Development, Brightsolid, Axis Shield and Ninewells Hospital and Medical School. The DoubleTree Hilton Hotel and Premier Inn are also located in close proximity.

DUNDEE MEDIPARK

The Dundee Medipark is a joint venture between Scottish Enterprise Tayside and Ninewells Teaching Hospital. It is immediately adjacent to Ninewells and within easy reach of Dundee City Centre, Dundee Airport, the Universities and the James Hutton Institute. The Medipark offers innovative biomedical, biotech and medical device companies the opportunity to develop laboratory, production and office space in a greenfield site close to the local biosciences research community.

DESCRIPTION

McLaggan House is a modern stand-alone, steel framed, office and laboratory building. The property is arranged over three storeys, extending to 10,112 sq ft, with a plant room at basement level and office / laboratory space arranged over ground and first floor. The building offers good quality cellular office accommodation over two floors, which hasbeen fitted in an office/laboratory style to suit the current tenant. The property benefits from a large open reception area, with a metal frame staircase connecting the two floors.

FLOOR AREAS

The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and the approximate gross internal area is as follows:

Description Sq.m. Sq.ft.
Ground Floor 496.71 5,056
First Floor 496.71 5,056
Total 939.42 10,112

The property includes a 41 space car park

TENANCY

The property is let to BBI Diagnostics GroupmLimited until 26 April 2020. The passing rent is £79,069 per annum (£7.82 psf).

TENURE

Heritable Interest (Scottish Equivalent of English Freehold).

EPC

A copy of the Energy Performance Certificate is available upon request.

INVESTMENT PROPOSAL

Offers are invited in respect of our client’s heritable interest.

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