High Yielding Heritable Investment and Development Opportunity
Centrally located off Union Street in an established office location
Modern courtyard office development
8 private parking spaces accessed from Union Wynd
Total accommodation of approximately 12,119 sq. ft. (1,125.88 sq. m.)
Active management opportunities and potential alternative uses including education and residential (subject to planning)
Lot 45
Auction 15th May 2025
Rent £67,860 per Annum Exclusive Plus 7,739 sq ft vacant
Status Sold Prior
Price
Sector Office, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
67 miles north-east of Dundee
Roads
A90, A96
Rail
Aberdeen Railway Station (Mainline and ScotRail)
Air
Aberdeen International Airport (6.5 miles west)
Situation
Located on the west side of Huntly Street, the property benefits from frontages onto both Huntly Street and Union Wynd. The immediate area provides a mix of commercial and residential occupiers. Union Street is close by and office occupiers nearby include Dana Petroleum, Proactis and Deloitte PLC.
Tenure
Heritable.
Location
Miles
67 miles north-east of Dundee
Roads
A90, A96
Rail
Aberdeen Railway Station (Mainline and ScotRail)
Air
Aberdeen International Airport (6.5 miles west)
Situation
Located on the west side of Huntly Street, the property benefits from frontages onto both Huntly Street and Union Wynd. The immediate area provides a mix of commercial and residential occupiers. Union Street is close by and office occupiers nearby include Dana Petroleum, Proactis and Deloitte PLC.
Tenure
Heritable.
Description
The property comprises a courtyard office development with a secure private car park for 8 cars. The accommodation is planned over ground and first floors and provides modern open plan office space. There are comfort cooling units installed to most of the offices.
VAT
VAT is applicable to this lot.
Planning
In the current Local Development Plan the property is located in a mixed use area with the surrounding area contains a broad mix of uses including residential flats. A proposed conversion to this use would be compatible (subject to Planning consent). The ongoing affordable housing waiver in the city centre (available for planning applications lodged before 31st December 2025) should assist with the viability of a residential conversion at this time. Interest parties should make their own enquiries with Aberdeen City Council Planning Department.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a courtyard office development with a secure private car park for 8 cars. The accommodation is planned over ground and first floors and provides modern open plan office space. There are comfort cooling units installed to most of the offices.
VAT
VAT is applicable to this lot.
Planning
In the current Local Development Plan the property is located in a mixed use area with the surrounding area contains a broad mix of uses including residential flats. A proposed conversion to this use would be compatible (subject to Planning consent). The ongoing affordable housing waiver in the city centre (available for planning applications lodged before 31st December 2025) should assist with the viability of a residential conversion at this time. Interest parties should make their own enquiries with Aberdeen City Council Planning Department.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
47 St Marys Court
Office
129.51
(1,394)
VACANT
47 A/B St Marys Court
Office
288.00
(3,100)
VACANT
47C St Marys Court
Office
176.51
(1,900)
VACANT
49 St Marys Court
Office
406.91
(4,380)
FIFTH RING LIMITED (1)
15 years from 27/04/2012
£67,860
49C St Marys Court
Office
124.95
(1,345)
VACANT
Total
1,125.88
(12,119)
£67,860
(1) The lease provides for a mutual option to terminate at any time upon serving 6 months prior notice.
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.
