FOR SALE 56 BARRACK STREET , DD1 1PH

www.scarlettdev.co.uk/developments/barrackstreet The red line boundary is indicative and for illustrative purposes only FOR SALE - 56 BARRACK STREET, DUNDEE, DD1 1PH

Summary The Site • Development Site • Site area: approx. 0.22 hectares (0.54 acres) • Situated on the corner of Barrack Street and Willison Street within easy walking distance of • Central Dundee location next to Overgate Shopping Centre Dundee’s main amenities and attractions. • Derelict 4 storey, Category B listed former department store

• Planning permission for a 215 bed hotel (Ref: 17/00735/FULM) • The site is bounded to the north by the car park • Potential for change of use to Student Housing, subject to planning for Dundee City Council Criminal Justice Service, • Offers Invited to the west by an NCP car park and Dundee House (Dundee City Council HQ), to the east by The Howff Burial Ground whilst the Overgate Shopping Centre is to the immediate south.

BARRACK STREET • The site comprises a four storey ‘art deco’ style Category B listed building constructed c.1935. The building is now derelict having been previously occupied by Robertson’s House Furniture. The property has been vacant since 2011.

• The site extends to approximately 0.22 hectares

DUNDEE HOUSE OVERGATE SHOPPING CENTRE (0.54 acres) including the current building (DUNDEE CITY COUNCIL HQ) footprint and the former goods intake yard.

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The city is currently undergoing significant Location regeneration and investment including a £1bn Dundee, known as ‘The City of Discovery’, is transformation of the city waterfront which is ’s fourth largest city with a population now home to the V&A Dundee (the first design approximately 149,000. It is home to two award museum in Scotland), Slessor Gardens, RSS winning Universities and c. 20,000 students. It Discovery, and HMS Unicorn. has an enviable south facing position at the Situated approx. 60 miles north of Edinburgh, mouth of the Tay Estuary and is the regional 70 miles south of Aberdeen, 22 miles from centre for commerce, retail, and employment. Perth, 12 miles from St Andrews and with a main rail station on the UK east coast line, a bus station, a regional airport and excellent motorway links make the city highly accessible.

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Connectivity

1. Overgate Shopping Centre 2. City Churches 3. Dundee Train Station 14 6 4. Discovery Point 15 5. V&A Dundee 13 6. A92 7. Slessor Gardens 8. 9. McManus Art Gallery & Museum 7 11 5 10. The High School of Dundee 8 11. Wellgate Shopping Centre 9 4 12. 16 3 13. Olympia Leisure Centre A85 10 18 14. Gallagher Retail Park 12 2 15. HMS Unicorn 16. NCP Dundee Bank Street 1 17. Dundee House (Dundee City Council HQ) THE SITE 19 18. The Howff Burial Ground 17 A991 19. West Marketgait Development – BT contact centre (due 2023)

A90 (to Perth and Aberdeen) approx. 2.5 Dundee Train Station approx. 0.5 miles approx. 2.5 miles miles / A92 (to Edinburgh) approx. 1 mile

4 www.scarlettdev.co.uk/developments/barrackstreet FOR SALE - 56 BARRACK STREET, DUNDEE, DD1 1PH

Planning

Planning permission has been granted for a 215-bedroom hotel with additional licensed restaurant space on the ground floor. The hotel blocks are in two parts, one for 115 beds over six stories and the other for 100 beds over six stories.

• Planning Ref: 17/00735/FULM - approved March 2018 - formation of hotels and licensed restaurant unit, all with associated facilities and ancillary works to include infrastructure, landscaping etc. following demolition (except for substantial facade retention) of existing structures on site

• Planning Ref: 17/00736/LBC – approved March 2018 - Demolition of vacant building / structures with substantial retention of existing facade and incorporation of this into new build proposals on site

Ground Floor Plan

35 Proposed Ground Floor Plan CGI of Proposed Scheme

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Planning History

• 17/00226/FULM – WITHDRAWN - Formation of hotel, student accommodation and licensed restaurant unit, with associated facilities and ancillary works

All planning enquiries should be directed to: Head Of Planning, Dundee City Council, City Development Department, 50 North Lindsay Street, Dundee, DD1 1LS - planning@dundeecity. gov.uk

6 www.scarlettdev.co.uk/developments/barrackstreet FOR SALE - 56 BARRACK STREET, DUNDEE, DD1 1PH

Student Housing

Dundee is a campus city , with two universities and two further education colleges as well as being home to students from neighbouring cities Perth and St. Andrews.

Dundee’s thriving student population of over 20,000 students, of which over 16,000 are full-time, (HESE 2019/20) is dominated by The University of 2 Dundee (incorporating Duncan of Jordanstone College of Art & Design) 1 with a student body of c. 16,270 (HESA 2019/20) and ranked 4th in Scotland and 23rd in the UK (The Times Good University Guide 2021).

Also based in the city are Abertay University with 4,280 students (HESA 2019/20), Dundee & Angus College and & Teaching School.

Dundee is also, and increasingly, an accommodation location of choice for 2nd, 3rd and 4th year students at Perth College and St. Andrews University (10,535 students (HESA 2019/20)) due to a lack of accommodation capacity in Perth and St. Andrews as well as the appeal of Dundee’s infamous student amenities and night life.

1. Gylemuir Brown Limited - 361 beds, Brown Street (7 storeys) – Planning PBSA Demand in Dundee Ref: 20/00729/FULM CBRE October 2020 – Dundee Student Demand and Supply Report Dundee is falling significantly behind other major university cities in the UK in terms of supply and quality. With an estimated ‘demand pool’ of over 11,000 2. Crosslane Student Developments UK Ltd – 179 studio beds on former Shell students (full time students who actively require student accommodation garage, Marketgait – Planning Ref 20/00679/FULM i.e. not staying at home) the supply of beds has not kept up with increasing Cushman & Wakefield – Market Targeting Report Summer 2019 demand. CBRE (2020) estimated a supply shortfall of 3,546 beds (i.e. full-time students not covered by a University accommodation guarantee). Since the This suggests that there remains a healthy level of demand for purpose built CBRE report was published, two PBSA schemes have been consented (in accommodation in Dundee. 2021) totalling 540 beds:

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Notes:

1. This feasibility study looks at the potential Student Housing Feasibility for student accommodation generally within the consented footprint of the proposed buildings. All figures provided in this drawing are estimates only and have been developed using manually scaled 3rd party material, therefore accuracy is limited by the original files. 2. Full survey information is needed to provide more accurate proposals. 3. The student residential brief and mix of bedroom types is to be developed including client requirements for communal areas, plant, bin stores, bicycle stores and other ancillary spaces. 4. The proposed internal changes will require some amendments to the external JM architects have carried out a high fenestration / building envelope. 5. Proposed building levels need to be level feasibility study to assess how the considered further during concept design. 6. Structure and MEP would need to be consented 215 key hotel scheme might designed and coordinated in any proposals. 7. Any new or amended proposal will be be adapted to a student housing scheme subject to Planning, Building Warrant and all other Statutory consents. using generally the same footprint. This Key: high level study suggests that a total of Cluster Bedroom

201 beds ( 68% Studios to 32% Cluster Cluster Living / Kitchen

Beds mix) might be incorporated into the Studio currently approved 6 storey hotel scheme DDA Studio massing. If the massing were increased from 6 to 9 levels, subject to planning, then Note estimated numbers based on 6 Storey massing of 17/00735/FULM an alternative high level feasibility study by JM assesses that 269 student beds might Accommodation Schedule: Cluster Studio DDA be possible (192 studio, 65 cluster, 12 DDA Bed Studio studio). Any new or amended proposal Ground - 11 - 11 will be subject to Planning, Building Levels 1 - 5 13 23 2 38 x 5

Warrant and all other Statutory consents. Subtotals 65 126 10

(32%) (63%) (5%)

Total Beds 201

Contact: 0 10m Rod Duncan JM architects [email protected] Barrack Street, Dundee Student Residential 0131 464 6100 Feasibility Study 01.04.2021

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Price Our client is seeking offers with a strong preference in favour of offers that are not conditional on planning.

Further Information Further information available to download from the website at: http://www.scarlettdev.co.uk/developments/barrackstreet • Conservation Statement • Design and Access Statement • Drainage Strategy • Ecological Survey Report • Geo-environmental Investigation Report • JM architecture feasibility study 269 student beds • Landscape Plan • Planning Statement • Structural Report • Sustainability Statement • Transport Statement

Offers All offers should be submitted to Scarlett Land and Development with whom purchasers should register their interest if they wish to be informed of a closing date.

Viewings Please inform Scarlett Land and Development if you intend to view the site.

Contact Scarlett Land and Development and their client give notice that: For further information, please contact: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be Will Scarlett made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements 07768 146 642 or representations of fact. [email protected] 2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not www.scarlettdev.co.uk necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Scarlett Land and Development have not tested any services, equipment, or facilities. Purchasers must satisfy Prepared July 2021 themselves by inspection or otherwise. 3. ANTI-MONEY LAUNDERING (AML) PROCESS Under HMRC and RICS regulations and The Criminal Finances Act 2017, as agents, Scarlett Land and Development are obliged to undertake AML due diligence for both the purchasers and vendors (our client) involved in a transaction. As such, personal and or detailed financial and corporate information will be required before any transaction can conclude.

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