* Freehold
**Key Points**
* Central location opposite dundee waterfront
* Planning granted for 28 residential units and 3 retail units (18/00988/full) - now extended for A 3 year period from March 2023
* Potential gdv of residential units c. £5. 65. 9m (subject to spec and market conditions
* Site area approx. 0. 08ha (0. 19acres)
* Offers over £775, 000
**Description**
The site occupies an area approx. 0. 08 hectares, and consists of a block built
commercial warehouse and concreated external areas. The site is currently
vacant.
Access is via Trades Lane, with easy transport links from the site out of the
city.
The site was granted planning permission in June 2019, to demolish the
existing warehouse and create a mixed used development comprising of 3 retail
units on the ground floor and 28 flats on upper floors.
Planning Ref: 18/00988/full
**Viewings**
Westport Property will be pleased to arrange and accompany all viewing
requests. Please contact the agent to arrange a suitable time.
**Location**
The site is located on the corner of Trades Lane and South Marketgait. It is
on the peripheral of the £1bn major regeneration project occurring as part of
the Dundee Central Waterfront Masterplan.
Opposite Dundee Waterfront, the site is central to the city's main work,
shopping, and tourist amenities. Ideally positioned to take advantage of its
proximity to the all the local bars, restaurants and shops that central Dundee
has to offer.
Within a 0. 6km radius of the site are located - the City Centre, Dundee Train
Station, Overgate Shopping Centre, Abertay University, Waterfront, and V&A
Museum. Dundee University is approx. 1. 2km.
**Terms**
Offers over £775, 000
**VAT**
All prices, premiums and rents are quoted exclusive of VAT which may be
payable.
**Planning Summary**
The site was granted planning permission in June 2019, to demolish the
existing warehouse and create a mixed used development comprising of 3 retail
units on the ground floor and 28 flats on upper floors.
Planning Ref: 18/00988/full
now extended for A 3 year period from March 2023
**Design Statement**
"Combine 3 retail units on the ground floor with 28 flats featuring high
quality open plan living on the 6 floors above. Floors 1 - 5 incorporate 25 x 2
and 3 bedroom flats ranging from 75m2 up to 100m2 with 3 x 3 bedroom
Penthouses on the 6th floor at 105m2, 108m2 and 111m2. The Penthouse apartments
are set back from the main façade reducing the verticality of the building and
allowing the parapet level of the adjacent building to be reinforced in the
proposed building. Balconies are also provided to the flats on Floors 4 & 5 of
the South Marketgait elevations and all flats on Trades Lane elevation. ”
**Tenure & Use**
Heritable (Scottish equivalent of English freehold). Interested parties should
satisfy themselves with regards to any proposed future use by consulting the
town and country planning (use classes) (Scotland) order 1997.

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