Serviced Apartments Looking for Operator, Dundee, Scotland

Location: 5 minute-walk to Dundee South Union Station; 8 minute-drive to Dundee Airport

Name: TBA (Project Tay) – Unbranded – opening early 2021

No. of Keys: 35 Apartments – 16 Studios, 8 One-Bed and 11 Two-Bed Apartments

The Property: The new-build will comprise 35 suites across six floors: 16 studios, 8 one-bed, 11 two-bed apartments. Ground floor restaurant, back of house. C1 planning permission in place – no minimum length of stay restriction. Average room size 33m2. Net internal area: 1,143m2. GIA (gross internal area) 14,546 m2.  The property in under construction.

Dundee’s status as the first UNESCO City of Design in the UK is a major selling feature and their aspirations to be European Capital of Culture in 2023.

Floor Plans available.

Main Photo: The exterior, imagined – opening 2020

Tenure: Lease or HMA (hotel management agreement) – 15 to 25 years

Brand/Management: No Flag affiliation

Current Owner: Assurance Developments

Yield/Financial: Projected business plan available

Guide Price: £250,000 for the lease or £1m for the site (land) as is

Date Posted: June 2019

Agent: MRP in partnership with THPT

THPT Comment: A stylish serviced apartment business opening in 2020/21 in a city that is eager to grab the European City of Culture (deadline October 2019)

Contact us for further information

 


This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

 

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.