The purpose-built hotel in central Dundee is adjacent to the Tay Bridge , featuring two meeting rooms and 7,500 sq.ft of retail and restaurant space in five units embedded on the ground floor.
The Holiday Inn Express has a strong trading record and sits in a prominent part of Dundee — a city with a proud history and with ambitious plans for regeneration,” said Kerr Young, associate director of Christie & Co in Edinburgh.
“As well as its two universities, Dundee is also home to a number of large corporate occupiers, while the city has also attracted an array of government departments. In this context, we have already received strong interest in the hotel from investors both established hotel owners and opportunistic investors.”
Christie & Co is seeking offers for the freehold interest, with vacant possession upon completion. The franchise agreement with InterContinental Hotels is able to be retained subject to agreement and the property will continue to trade as usual throughout the sales process.