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144-148 Nethergate 1,202 - 4,169 SF Condo Units Offered at $201,808 - $403,617 Per Unit in Dundee DD1 4EA
Investment Highlights
- Prominent city-centre Dundee location
- Available in part or whole
- Recent roof repairs completed in 2021 & 2023
- Substantial traditional tenement building
- Potential for alternative uses (STC)
- Mix of office accommodation and former salon
Executive Summary
144/148 Nethergate, Dundee comprises a substantial traditional tenement building providing a mix of office accommodation and a former salon, together with circa 15 car parking spaces accessed from Greenmarket. The property occupies a prominent city-centre position on the south side of Nethergate, close to Dundee Railway Station and the main retail core. Offered for sale with vacant possession, the subjects are available as a whole or in two lots and may suit a range of alternative uses, including residential, subject to the appropriate consents.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| No. Parking Spaces | 15 |
| Sale Type | Investment |
| No. Parking Spaces | 15 |
| Tenure | Freehold |
Description
144/148 Nethergate is accessed via a pedestrian door directly from Nethergate leading into a reception area and stairwell. Extensive office and ancillary accommodation is found on both lower ground and first floor levels with meeting rooms and waiting area forming part of the reception at ground floor level. The internal layout is relatively regular in configuration and representative of that which would be expected within a traditional tenement.
Sale Notes
The property at 144/148 Nethergate, Dundee (DD1 4EB) comprises a substantial, traditionally constructed tenement building with office accommodation, a former salon, and associated parking. The subjects occupy a prominent city-centre position on a busy pedestrian and vehicular thoroughfare, close to Dundee Railway Station and established mixed-use occupiers. The building has undergone recent roof repairs (2021 and 2023) and may suit alternative uses, including residential, subject to obtaining the necessary consents. The asset is offered for sale with vacant possession and can be acquired either as a single holding or in two individual lots
| Sale Type | Investment | Tenure | Freehold |
| No. Parking Spaces | 15 |
| Sale Type | Investment |
| No. Parking Spaces | 15 |
| Tenure | Freehold |
Description
148 Nethergate comprises the comprise ground and lower ground
accommodation within an adjoining tenement block. The subjects
were previously uses as a salon. A staircase on the western elevation
provides access to a staff kitchen area, toilet facilities and storage
accommodation within the basement area
accommodation within an adjoining tenement block. The subjects
were previously uses as a salon. A staircase on the western elevation
provides access to a staff kitchen area, toilet facilities and storage
accommodation within the basement area
Sale Notes
The property at 144/148 Nethergate, Dundee (DD1 4EB) comprises a substantial, traditionally constructed tenement building with office accommodation, a former salon, and associated parking. The subjects occupy a prominent city-centre position on a busy pedestrian and vehicular thoroughfare, close to Dundee Railway Station and established mixed-use occupiers. The building has undergone recent roof repairs (2021 and 2023) and may suit alternative uses, including residential, subject to obtaining the necessary consents. The asset is offered for sale with vacant possession and can be acquired either as a single holding or in two individual lots
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 144/148 | 4,169 SF | Office | $403,617 ($96.81/SF) | - |
| Unit 148 | 1,202 SF | Retail | $201,808 ($167.89/SF) | - |
Unit 144/148
| Unit Size |
| 4,169 SF |
| Condo Use |
| Office |
| Price |
| $403,617 ($96.81/SF) |
| NOI |
| - |
Unit 148
| Unit Size |
| 1,202 SF |
| Condo Use |
| Retail |
| Price |
| $201,808 ($167.89/SF) |
| NOI |
| - |
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Map
Unit 144/148
| Unit Size | 4,169 SF |
| Condo Use | Office |
| Price | $403,617 ($96.81/SF) |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 15 |
| Tenure | Freehold |
| Description | |
| 144/148 Nethergate is accessed via a pedestrian door directly from Nethergate leading into a reception area and stairwell. Extensive office and ancillary accommodation is found on both lower ground and first floor levels with meeting rooms and waiting area forming part of the reception at ground floor level. The internal layout is relatively regular in configuration and representative of that which would be expected within a traditional tenement.</li></ul> | |
| Sale Notes | |
| The property at 144/148 Nethergate, Dundee (DD1 4EB) comprises a substantial, traditionally constructed tenement building with office accommodation, a former salon, and associated parking. The subjects occupy a prominent city-centre position on a busy pedestrian and vehicular thoroughfare, close to Dundee Railway Station and established mixed-use occupiers. The building has undergone recent roof repairs (2021 and 2023) and may suit alternative uses, including residential, subject to obtaining the necessary consents. The asset is offered for sale with vacant possession and can be acquired either as a single holding or in two individual lots</li></ul> |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 148
| Unit Size | 1,202 SF |
| Condo Use | Retail |
| Price | $201,808 ($167.89/SF) |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 15 |
| Tenure | Freehold |
| Description | |
| 148 Nethergate comprises the comprise ground and lower ground <br> accommodation within an adjoining tenement block. The subjects <br> were previously uses as a salon. A staircase on the western elevation <br> provides access to a staff kitchen area, toilet facilities and storage <br> accommodation within the basement area</li></ul> | |
| Sale Notes | |
| The property at 144/148 Nethergate, Dundee (DD1 4EB) comprises a substantial, traditionally constructed tenement building with office accommodation, a former salon, and associated parking. The subjects occupy a prominent city-centre position on a busy pedestrian and vehicular thoroughfare, close to Dundee Railway Station and established mixed-use occupiers. The building has undergone recent roof repairs (2021 and 2023) and may suit alternative uses, including residential, subject to obtaining the necessary consents. The asset is offered for sale with vacant possession and can be acquired either as a single holding or in two individual lots</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 7,551 SF | Year Built | 1900 |
| Property Type | Office | Tenancy | Single |
| Building Class | B | Lot Size | 0.17 AC |
| Floors | 4 | Parking Ratio | 1.99/1,000 SF |
| Typical Floor Size | 1,888 SF |
| Total Building Size | 7,551 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 1,888 SF |
| Year Built | 1900 |
| Tenancy | Single |
| Lot Size | 0.17 AC |
| Parking Ratio | 1.99/1,000 SF |
Amenities
- Reception
- Storage Space
1 1
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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144-148 Nethergate
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