FOR SALE INVESTMENT

Key Information

• High Yielding
• Mixed Use
• Multi-let Investment

Property Description

Manhattan Works comprises 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.

Dundee is a modern vibrant city and leader in the fields of life sciences, technology and digital media industries. It was Scotland's first fair trade city, the UK's first living wage city, the UK's first Unesco City of Design and has also been named as one of the world's "top places of the future" in a report examining how new technologies will create jobs. Dundee is a key regional centre and Scotland's 4th largest city with a city population of c. 148,000 people and c. 214,000 people of working age (16-64) within 30-minute drive time of the city centre and 556,000 within 1-hour drive time. The city boasts two world class universities and consequently has a dynamic and diverse talent pool. Dundee has seen major investment in recent years, particularly around the Waterfront Regeneration Project. The city has excellent transport links and connectivity to national motorway and rail networks. Dundee Airport lies 2 miles west of the city centre offering flights to and from a range of UK and European destinations. Ninety percent of Scotland's population live within 90 minutes drive time of the city. Aberdeen and Edinburgh are 65 miles to the north and 60 miles to the south respectively. Manhattan Works lies approximately 1 mile north east of Dundee city centre and occupies a significant rectangular site extending to c. 7.6 acres (3.08 ha) bounded by Dundonald Street and Court Street. The surrounding area provides a high concentration of residential and also commercial uses. The site falls within an area designated for General Economic Development in the local development plan.