The Sites are situated to the east of Ellon Road (A92/A90) Approximately 3 miles north of Aberdeen City Centre
Total Site Area of 0.84 Ha (2.07 Acres)
Well Located for access to the Aberdeen Western Peripheral Route and Scottish Motorway Network
Adjacent former site of the AE Conference Centre Complex where consent for up to 500 Homes has been granted
Site currently occupied by Two Hotels and 215 Car Parking Spaces
Asset Management Opportunities for Existing Buildings on Site (Subject to All Consents)
Lot 18
Auction 30th March 2023
Vacant Possession
Status Sold
Price £1,500,000
Sector Ground Rent
Auction Venue Live Streamed Auction
On behalf of A Major Pension Fund
Property Information
Location
Miles
3 miles north of Aberdeen city centre, 67 miles north-east of Dundee
Roads
A90, A96
Rail
Aberdeen Railway Station (Mainline and Scotrail)
Air
Aberdeen Airport
Situation
Aberdeen is Scotland’s third largest city and is widely regarded as the energy capital of Europe. The city has a population of approximately 220,000 and a catchment population in excess of 500,000 people. It is the administrative capital of the North East of Scotland and benefits from two universities with an estimated 30,000 students. The subject sites are situated immediately adjacent to the A90 (Ellon Road), approximately 3 miles north of Aberdeen city centre. Bridge of Don is a mixed use area comprising residential, industrial, office, retail, warehousing and leisure uses. The sites also benefit from their location next to Aberdeen Energy Park, extending to 72 acres and the site of the former Conference Centre where planning consent for up to 500 homes has been granted.
Tenure
Heritable. Scottish Equivalent of English Freehold
Location
Miles
3 miles north of Aberdeen city centre, 67 miles north-east of Dundee
Roads
A90, A96
Rail
Aberdeen Railway Station (Mainline and Scotrail)
Air
Aberdeen Airport
Situation
Aberdeen is Scotland’s third largest city and is widely regarded as the energy capital of Europe. The city has a population of approximately 220,000 and a catchment population in excess of 500,000 people. It is the administrative capital of the North East of Scotland and benefits from two universities with an estimated 30,000 students. The subject sites are situated immediately adjacent to the A90 (Ellon Road), approximately 3 miles north of Aberdeen city centre. Bridge of Don is a mixed use area comprising residential, industrial, office, retail, warehousing and leisure uses. The sites also benefit from their location next to Aberdeen Energy Park, extending to 72 acres and the site of the former Conference Centre where planning consent for up to 500 homes has been granted.
Tenure
Heritable. Scottish Equivalent of English Freehold
Description
The sites are Ground Rent Investments and comprise a combined total of 0.84 Ha (2.07 acres) upon which two hotels have been developed including The Holiday Inn (Built in 1985 with 135 rooms) and Holiday Inn Express (Built in 2008 with 123 rooms). The site also benefits from c. 215 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The sites are Ground Rent Investments and comprise a combined total of 0.84 Ha (2.07 acres) upon which two hotels have been developed including The Holiday Inn (Built in 1985 with 135 rooms) and Holiday Inn Express (Built in 2008 with 123 rooms). The site also benefits from c. 215 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Site
Area
Tenant
Term
Holiday Inn Holiday Inn Express
0.8377 Ha (2.07 Acres)
EUROPEAN DEVELOPMENT COMPANY LTD (Dissolved) VERASE LTD (Dissolved)
(1)
Total
0.8377 Ha (2.07 Acres)
(1) The companies under each of the two long leases are dissolved. The landlord has not taken any steps to terminate either lease however no rent is being paid and property is unoccupied. Please see the Legal Pack for further information.
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.
