UK: Business property adviser Christie & Co is marketing the freehold of Greenstar Serviced Apartments in Dundee for £850,000.
Located next to Abertay University, Greenstar Serviced Apartments is housed in the upper floors of the Mercantile Building in the city centre of Dundee.
The property features six apartments offering between one to three bedrooms, with a total of 11 bedrooms catering up to 34 guests in total. Each unit provides a living and dining area along with fully equipped kitchens including an oven, hob, microwave and fridge-freezer. Apartment facilities include a washing machine and TV.
Founded in 2017, the current owners developed the project and have traded the business since. During the initial refurbishment, a series of sustainability initiatives were incorporated such as the installation of HHR SMART heaters which can be controlled remotely, as well as LED light fixtures.
Gary Witham, hotel director at Christie & Co and who is handling the sale, said: “This is a great city centre scheme with a real focus on sustainable issues. In light of the current debate over short let legislation, there is a real appeal to having commercial planning consent (Class 7). This is a low maintenance scheme to manage which would work extremely well as a stand alone investment or to add to a wider portfolio.”
