Residential Development for sale

Union Street, Aberdeen, Aberdeenshire, AB11

£425,000
14,093 sq. ft.

Property Description

Commercial information

  • Use class orders: C1 Hotels, C2 Residential Institutions and C3 Dwelling Houses

Key features

  • City Centre Location
  • 1st, 2nd & 3rd Floors
  • Residential Planning Approved
  • 17 Apartments
  • Dedicated Private Parking
  • Passenger Elevator
  • Up To 14,093sq ft
  • Price On Application

Full description


City Centre Location
1st, 2nd & 3rd Floors
Residential Planning Approved
17 Apartments
Dedicated Private Parking
Passenger Elevator
Up To 14,093sq ft
Price On Application

Location

The subjects are located within the heart of Union Street, adjacent to one of its principal junctions Union Terrace/Bridge Street. Aberdeen Bus and Rail Stations, Union Square and Trinity Shopping Centre are all within easy walking distance of the property.

Historically a retail dominant location, several new developments have been constructed providing a mixture of uses within Union Street including retail, licensed, office, residential and hotels. Other nearby occupiers include Travelodge, Chaophraya, Mercure Caledonian Hotel, PWC, and Barclays Bank

Aberdeen is located approximately 180 km (125 miles) north of Edinburgh and 210 km (145 miles) north east of Glasgow. The city benefits from excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness. In addition, the city is connected to the national rail network with direct services to London Kings Cross. Aberdeen International Airport is approximately 9.6 km (6 miles) north-west of the city centre and is used by around 3 million passengers a year for scheduled and charter holiday flights.

Aberdeen City & Shire is the third largest city region in Scotland and home to almost 0.5 million people of which 230,000 live in Aberdeen. Aberdeen is one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities with innovative industries, excellent academic and research capabilities and a highly skilled workforce. Alongside continued investment in energy, life sciences, tourism and hospitability, food, drink and agriculture, digital and the creative sectors are industries
on the rise (Source: Aberdeen City Council).

The Aberdeen economy continues to bounce back from the effects of the recent downturn in the oil and gas industry. Latest evidence of an upturn comes from a new report revealing the Granite City has taken second place for growth across 45 of the country's largest cities.


Property

The subjects comprise self-contained offices suites situated above two ground floor retail units within a mid-terraced block fronting Union Street with a large secure car park to the rear. The front elevation of the five storey building is constructed from traditional granite with the rear elevations constructed from reconstituted granite concrete block work. The roof is of mansard design with a mixture of slate and felt covering. Windows are double glazed, either aluminium or UPVC framed. The office accommodation, situated at 181 Union Street, is arranged over the first, second and third floors and is served by a main door entrance from Union Street with security entry. Lift access, again with security entry, is provided from an eight person lift from the basement car parking area serving all upper floors. The office suite on Windmill Brae has a designated access from the street. Access to the car park is via a pend from Windmill Brae and comprises a total of 20 single car spaces along with plant and store areas.

The office accommodation is arranged over the first, second and third floors and is served by a main entrance from Union Street with security entry. An eight-person lift, again with security entry, provides access to all upper floors. The office suite on Windmill Brae has dedicated access from the street. The office accommodation provides a mixture of open plan and cellular offices throughout, with kitchen and toilet facilities. The self-contained office suite on Windmill Brae is open plan and has recently been refurbished to a high standard. The subjects benefit from suspended ceilings with recessed fluorescent light fittings, gas central heating, carpeted flooring and perimeter trunking in part.

Area

The property provides the following Net Internal Area;

Union Street
1st Floor: 381.84sqm (4,121sq ft)
2nd Floor: 381.84sqm (4,121sq ft)
3rd Floor: 370.24sqm (3,996sq ft)
4th Floor : 11.86sqm (128sq ft) - Store
Basement: 41.41sqm (447sq ft) - Store

Windmill Brae

Ground: 118.59sqm (1,280sq ft)

Planning

The property currently benefits from Class 2 consent under the Town And Country Planning Act 1997.

Residential Planning

Application has been granted for change to 17 no. residential apartments with the following sizes.

0/1, 3 bedroom flat, 75sq.m.
0/2, 1 bedroom flat, 48sq.m.

1/1, studio flat, 45sq.m.
1/2, 1 bedroom flat, 79sq.m.
1/3, 1 bedroom flat, 66sq.m.
1/4, 2 bedroom flat, 66sq.m.
1/5, 2 bedroom flat, 57sq.m.

2/1, studio flat, 46sq.m.
2/2, 1 bedroom flat, 82sq.m.
2/3, 1 bedroom flat, 62sq.m.
2/4, 2 bedroom flat, 65sq.m.
2/5, 2 bedroom flat, 57sq.m.

3/1, studio flat, 48sq.m.
3/2, 1 bedroom flat, 72sq.m.
3/3, 1 bedroom flat, 57sq.m.
3/4, 2 bedroom flat, 61sq.m.
3/5, 2 bedroom flat, 51sq.m.

Price

Our client has removed the section 69 order with Aberdeen City Council, as such our client will dispose of their freehold interest for £425,000

V.A.T.

The subjects have been elected for V.A.T. which will be charged on any rent or sale price

E.P.C.

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

By appointment

Title

Available on request


More information from this agent

Nearest stations

  • Aberdeen (0.2 mi)
  • Dyce (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

TSA Property Consultants Ltd, Glasgow

162 Buchanan Street, Glasgow, G1 2LL

0141 392 0844 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

TSA Property Consultants Ltd, Glasgow

162 Buchanan Street, Glasgow, G1 2LL

0141 392 0844 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Aberdeen (0.2 mi)
  • Dyce (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

TSA Property Consultants Ltd, Glasgow

162 Buchanan Street, Glasgow, G1 2LL

0141 392 0844 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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