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Manhattan Works, Dundonald Street, Dundee, Scotland, DD3 7PY

For Sale - Under Offer

  • Tenure

    For Sale
  • Type

    Investment
  • Price

    £3,500,000 Offers Over
  • Size

    168,856 Sq Ft
  • Ref No

    14946

Property Highlights

  • Thriving multi-use property
  • Located 1 mile from city centre
  • Total buildings extend to c. 168,856 sq ft
  • Significant asset management opportunities and scope to improve income profile
  • Substantial site area of c. 7.6 acres
  • Current net rent of £524,872 pa
  • Offers over £3.5m
  • NIY of 14.08%
  • Low capital rate of £20.73 psf

Overview

Manhattan Works is a former Jute Mill originally constructed in 1873/1874. The property was extended and expanded over the years until 1995 when operations ceased. Manhattan Works has now been adapted into a thriving multi-use property offering accommodation to a diverse range of occupiers and businesses serving the local community and beyond. Accommodation / unit sizes range from 500 sq ft to 78,000 sq ft and onsite uses vary from storage & distribution, to manufacturing, and retail and leisure.