1 Alford Place and 2 to 10 Holburn Street Aberdeen AB10 6BT

  • 1 Alford Place and 2 to 10 Holburn Street<br>Aberdeen<br>AB10 6BT

1 Alford Place and 2 to 10 Holburn Street
Aberdeen
AB10 6BT

Heritable City Centre Consented Residential Development Opportunity

  • Let to a Charity to mitigate Business Rates. (Mutual Option on 30 days notice).
  • 3 Floors of Self-Contained Office Accommodation
  • Planning Consent for 9 Residential Flats
  • Potential to Convert to Student Accommodation (Subject to Consents)
  • Approximately 713.17 sq m (7,677 sq ft)
  • Prominent City Centre Location popular with University Students
  • Neighbouring Occupiers include Tesco, JD Wetherspoon, Starbucks, Caffe Nero and Nuffield Health
  • Lot
    59
  • Auction
    25th September 2024
  • Rent
    £12 per Annum
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Heritable City Centre Consented Residential Development Opportunity

  • Let to a Charity to mitigate Business Rates. (Mutual Option on 30 days notice).
  • 3 Floors of Self-Contained Office Accommodation
  • Planning Consent for 9 Residential Flats
  • Potential to Convert to Student Accommodation (Subject to Consents)
  • Approximately 713.17 sq m (7,677 sq ft)
  • Prominent City Centre Location popular with University Students
  • Neighbouring Occupiers include Tesco, JD Wetherspoon, Starbucks, Caffe Nero and Nuffield Health
  • Lot 59
  • Auction 25th September 2024
  • Rent £12 per Annum
  • Status Available
  • Guide* Contact Us
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
67 miles north of Dundee
Roads
A90, A96
Rail
Aberdeen Railway Station (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen Airport (6 miles west)
Situation

The property is prominently situated at the western end of union street, the mile long retail street in Aberdeen, at the junction of Union Street, Holburn Street and Alford Place. The surrounding area is a mix of residential and commercial use with neighbouring occupiers including Tesco, JD Wetherspoon, Starbucks, Caffe Nero and Nuffield Health. The central location offers good connectivity to public transport and local amenities. The railway station and bus station are located half a mile to the east.

Tenure

Heritable.

Location
Miles
67 miles north of Dundee
Roads
A90, A96
Rail
Aberdeen Railway Station (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen Airport (6 miles west)
Situation

The property is prominently situated at the western end of union street, the mile long retail street in Aberdeen, at the junction of Union Street, Holburn Street and Alford Place. The surrounding area is a mix of residential and commercial use with neighbouring occupiers including Tesco, JD Wetherspoon, Starbucks, Caffe Nero and Nuffield Health. The central location offers good connectivity to public transport and local amenities. The railway station and bus station are located half a mile to the east.

Tenure

Heritable.

Description

The property comprises self-contained office accommodation on the first, second and third floors. The entrance to the offices is on Alford Place.

There are two staircases within the property offering significant flexibility for residential or office use.

VAT

VAT is not applicable to this lot.

Planning

The property benefits from Planning and Listed Building consents granted by Aberdeen City Council on 27/05/2024 under planning reference No.: 220565/DPP and 220564/LBC for the change of use from class 4 office to form 9 apartments (www.publicaccess.aberdeencity.gov.uk). The property may be suitable for an alternative residential configuration to comprise a smaller number of larger flats suitable for University Student Accommodation (subject to consents).

Note

The Ground floor and basement and Car Park of the property are self contained Heritable offices let to Aberdeen Solicitors' Property Centre Ltd (SC065531) for a term of 10 years (subject to a tenant option to extend the term of the lease by 5 years) at a current rent reserved of £24,375 per annum exclusive rising to £48,750 per annum exclusive on 9th June 2026 and could be available for sale by separate negotiation.

Completion Period

6 week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises self-contained office accommodation on the first, second and third floors. The entrance to the offices is on Alford Place.

There are two staircases within the property offering significant flexibility for residential or office use.

VAT

VAT is not applicable to this lot.

Planning

The property benefits from Planning and Listed Building consents granted by Aberdeen City Council on 27/05/2024 under planning reference No.: 220565/DPP and 220564/LBC for the change of use from class 4 office to form 9 apartments (www.publicaccess.aberdeencity.gov.uk). The property may be suitable for an alternative residential configuration to comprise a smaller number of larger flats suitable for University Student Accommodation (subject to consents).

Note

The Ground floor and basement and Car Park of the property are self contained Heritable offices let to Aberdeen Solicitors' Property Centre Ltd (SC065531) for a term of 10 years (subject to a tenant option to extend the term of the lease by 5 years) at a current rent reserved of £24,375 per annum exclusive rising to £48,750 per annum exclusive on 9th June 2026 and could be available for sale by separate negotiation.

Completion Period

6 week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent (pax) Reversion
Ground
First
Second
Third
Entrance only
Office
Office
Office
-
244.76
245.76
222.65
-
(2,635)
(2,645)
(2,397)
ARTIST'S SPACES SCIO (crn SC051153 and Registered Charity no CS005300) T/A OUTER SPACES 3 Years from 1st June 2024 subject to a mutual option to determine the lease on 30 days notice (1)
£12
31st May 2027
Total Approximate Floor Area  
713.17
(7,677)
   
£12
 

(1) The office on the upper floors are subject to a Business Rates mitigation scheme by virtue of the letting to a Registered Charity.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    18.09.24
    File Size
    12 MB
    Login to View
  • Brochure
    Updated Date
    01.10.24
    File Size
    4 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
MTL Law 126 W Regent St,
Glasgow
Lanarkshire
G2 2RQ
David Morris 0141 222 5793david@mtllaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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