J&E Shepherd Chartered Surveyors, acting on behalf of Gordon MacLure of Johnston Carmichael as liquidator of Dundee & Tayside Chamber of Commerce & Industry, has sold a 19th Century Category A Listed building formerly occupied by the Chamber in Panmure Street, Dundee to local property investors John Gibson and Ross Morrison, for a price in the region of asking.

A mixed commercial/residential location comprising retailers, other office uses and education establishments, they now intend to refurbish the property and let it out as office. Up to 10,000 sq ft within the building is now available as office space.

Jonathan Reid, surveyor at J&E Shepherd, said, “This recognised landmark city centre building,  represented a rare opportunity for an investor to acquire substantial city centre office premises suitable for a variety of different uses.

“The sale of the property for its asking price to a local property company provides encouraging evidence of the confidence local companies have in Dundee’s commercial property market.”

John Gibson said “We now intend to refurbish the space and provide modern office accomodation to suit current day requirements but all contained within a historic and landmark building superbly located within the heart of Dundee” 

J&E Shepherd, one of Scotland’s leading firms of chartered surveyors, valuers, property agents and managers, has been established for over 125 years and operates from a network of 28 offices throughout Scotland and over 75 locations throughout England and Wales. The firm offers a multi disciplinary property service to include valuation, sales and lettings, building surveying, rent reviews, development and investment consultancy, rating and property management.