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Former bank-turned-bookies in Dundee city centre hits market with £580k price tag

Betfred has a lease on the site until 2026.

The Murraygate Betfred in Dundee City Centre for sale .
The former bank turned bookies on the Murraygate. Image: Singer Vielle

A prominent former bank building turned bookies in Dundee city centre has been put up for sale.

The B-listed building on Murraygate is home to a Betfred bookmakers.

Before that, it was occupied by Ladbrokes, which opened what was said to be the chain’s biggest and most modern branch in Scotland on the site in 2007.

The Murraygate unit is in a prime retail location.
The building is home to a Betfred bookies. Image: Singer Vielle

Betfred has an £85,000-a-year lease on the unit until August 2026.

The building is being marketed as a retail opportunity.

The ground floor of the three-floor property is mainly open-plan and home to the Betfred shop.

The bookies occupies the ground floor. Image: Singer Vielle
Betfred has a lease until 2026. Image: Singer Vielle
The main hall has a large skylight. Image: Singer Vielle

The main hall is flooded with light thanks to the circular skylight on the roof.

There is ancillary accommodation to the front and the rear of the main hall, along with on the first floor and in the basement.

The retail unit also benefits from two designated car parking spaces in the rear yard.

The property is set across three floors.
The property is set across three floors. Image: Singer Vielle
The first floor of the Murraygate unit is
There is extra accommodation in the building. Image: Singer Vielle
Staff spaces are found in the basement and on the first floor. I
Staff spaces are found in the basement and on the first floor. Image: Singer Vielle
inside the Betfred shop on Dundee high street
The retail unit has plenty of ancillary space. Image: Singer Vielle

The Murraygate building is on the market with commercial property agents Singer Vielle for £580,000.

It comes as the neighbouring M&S store is set to close later this year – ahead of the retailer’s move to a new £10 million premises at Gallagher Retail Park.

According to The Courier’s high street tracker, nearly a quarter of shops on Murraygate are vacant.

Murraygate has most traditional shops of any Dundee city centre street

That is above the Dundee city centre average of just over 18%.

However, the street has the biggest proportion of traditional shops compared to any other main shopping street in Dundee city centre, many of which are dominated by food and drink outlets.

A new Courier initiative, Dundee Matters, is aimed at listening to the views of our readers, finding solutions to the city’s retail problems, and driving change

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