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PBSA Development Site, 19-21 South Ward Road, Dundee, DD1 1PU
For Sale
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Tenure
For Sale -
Type
Student Development -
Price
Offers in Excess Of £2,500,000 -
Size
215 Beds -
Ref No
15229
Property Highlights
- Prime PBSA development site with the benefit of a full planning consent for 215 PBSA beds including 110 cluster beds and 105 studios (Planning Reference: 23/00311/FULM)
- Scope to alter accommodation mix via a non-material variation (feasibility drawings and detailed planning note provided within the data room)
- High quality external and internal amenity offering, comprising 2.7 sq m per bed
- Ideal City Centre location with strong local amenity offering, and excellent transport connectivity
- Dundee is a dual University City with 18,500+ full-time students (HESA 21/22), with an impressive 12.5% annual growth in full-time international students since 2016/17
- Structural undersupply of PBSA in Dundee with current student to bed ratio of 4.8:1
Overview
Prime PBSA development site for sale in Dundee City Centre.
The site is located to the west of the city centre on South Ward Road which lies just off Marketgait. The wider surrounding area is predominantly residential, with a range of amenities close by, including shops, offices, cafés, restaurants, bars and art galleries.
Abertay University is within a 2 minute walk of the site and the Dundee University is within a 6 minute walk. The city centre is a 3 minute walk away.
The site extends to approximately 0.11 Hectares and is adjacent to the Central Conservation Area. The site comprises an existing, currently unoccupied, two storey nightclub building constructed in the late 20th Century and neighbouring buildings are of similar age. There are a number of listed buildings in the vicinity of the site.
The site is very well served in terms of public transport links with many bus stops within walking distance. The site is also located near the Dundee Waterfront national cycle route.