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Investment property with planning approved
Wellbank, DD5 - Get Access
1 bed
Description
We are excited to present this vacant commercial unit located within a prime location in Dundee. Potential income could realistically achieve £150 pcm (£1,800 pa) subject to tenancy and due diligence; rates payable subject to assessment. This opportunity is sure to appeal to investors and developers seeking an excellent development prospect within a sought after Dundee location. Local sales evidence includes 13 Mattocks Road, Dundee, DD5 3PJ which previously sold for £220,050, with 18 Applehill Drive, Dundee, DD5 3UD also providing market context. The property is set within a popular residential area of Dundee and benefits from being approximately 14 minutes from Dundee Train Station. The property comprises a vacant commercial unit with planning approved for a 99 sqm, one bedroom semi detached dwelling, creating a highly compelling angle for purchasers seeking redevelopment or change of use potential. For rental purposes, the property could potentially lend itself to an Air BnB or serviced accommodation opportunity, subject to gaining the necessary licence and permissions. Comparable properties are achieving upwards of £150 per month, which is £1,800 per annum, subject to tenancy and due diligence. As the unit is currently vacant, this lot is equally attractive to owner occupiers looking to establish premises in the area, as well as investors targeting a future letting or alternative strategy. The property is held on a freehold basis, giving the buyer outright ownership and long term control over the asset. The total size is understood to be approximately 1,066 sq ft, offering a generous footprint with flexibility for a range of future commercial or redevelopment plans. Dundee is an established Scottish city with a strong mix of local enterprise, retail and professional services, supporting consistent occupier demand for well located commercial space. The area benefits from good passing trade across key routes, with a broad surrounding residential catchment helping underpin day to day footfall for convenience and service led uses. Road links are favourable, connecting quickly to the wider Tayside region, while Dundee Train Station provides efficient rail connectivity for staff, customers and suppliers. Ongoing investment and regeneration across the city continues to strengthen commercial confidence, encouraging new business formation and supporting demand from both owner occupiers and investors.