ACTING on behalf of the liquidator, Shepherd Chartered Surveyors has been instructed to offer a rare residential investment opportunity in Dundee for sale.
The modern development comprises five six bed flats most recently used for student letting accommodation and is situated north of Dundee city centre in a mixed residential/commercial area at the corner of Hilltown and Constitution Street.
The semi detached three and four storey modern purpose built block was erected in 1995 and adjoins a GP medical practice and dental surgery. The accommodation is arranged with two flats on each level whilst the fifth flat occupies the top part of the four storey section.
All five flats feature accommodation comprising an entrance hallway, a communal lounge/kitchen and six letting bedrooms, all with en suite facilities.
Jonathan Reid, commercial partner at Shepherd, said: “This development represents an ideal investment opportunity on the edge of a city centre location. The flats are all well presented and an application has been made to renew the HMO licence agreement.
“The properties are being offered for sale as a single lot and with vacant possession. There are no existing tenancy agreements.”
The combined gross internal floor area of the five units amounts to 7,560 sq. ft. Offers in the region of £650,000 for the freehold interest are invited. Interested parties should contact Jonathan Reid on tel 01382 878005.
For further information please contact Jonathan Reid Tel: 01382 878005
Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
Date 15th January 2013