SituationAberdeen is recognised globally as a centre of excellence for the oil and gas sector. As the third largest city in Scotland, with a population of approximately 225,000, Aberdeen has a regional catchment of over 500,000 people. The University of Aberdeen and Robert Gordon’s University in the city have a collective population of around 27,000 full-time students. East Tullos is a well established business location, with major oil companies including Shell located there. Stagecoach have a major depot and garage complex at East Tullos, together with local occupiers and car showrooms. The property is situated on the northern side of Greenbank Place, close to its junction with Hillview Road and to Wellington Road, the main road leading south from Aberdeen city centre.
TenureLong Leasehold. Held on a ground lease from Aberdeen City Council for 99 years from 1972. The passing rental is £9,000 per annum, payable twice yearly with the next rent review on 28th May 2015 and five yearly thereafter. 12 months prior to lease end, the head landlord is to either offer to extend for the minimum period required to make the extension registerable in the Reg of Sasines,
or to buy the premises at a valuation to be negotiated or set by Arbitration.
