Former Bank and Office Building with Residential Flats
Former Bank building and Two Residential Flats
Prime Residential or Commercial Re-Development Opportunity (Subject to Planning)
Located Overlooking Union Terrace Gardens in Aberdeen City Centre
Buildings are Category ‘B’ listed
Lot 24
Auction 2nd November 2023
Vacant Possession
Status Sold
Price £500,000
Sector Office/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
67 miles north of Dundee
Roads
A90, A96
Rail
Aberdeen (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen Airport (6 miles west)
Situation
Union Terrace is located midway along Union Street in the centre of Aberdeen city centre. The street connects the north of the city with the south towards the railway and bus stations, Union Square Shopping Centre and road connections to the A90 south. Located on the west side of Union Terrace overlooking the newly completed Union Terrace Gardens. Neighbouring occupiers include Mercure Aberdeen Caledonian Hotel, His Majesty's Theatre, Barclays bank and a number of national and local traders on Union Street.
Tenure
Heritable. Scottish Equivalent of English Freehold
Location
Miles
67 miles north of Dundee
Roads
A90, A96
Rail
Aberdeen (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen Airport (6 miles west)
Situation
Union Terrace is located midway along Union Street in the centre of Aberdeen city centre. The street connects the north of the city with the south towards the railway and bus stations, Union Square Shopping Centre and road connections to the A90 south. Located on the west side of Union Terrace overlooking the newly completed Union Terrace Gardens. Neighbouring occupiers include Mercure Aberdeen Caledonian Hotel, His Majesty's Theatre, Barclays bank and a number of national and local traders on Union Street.
Tenure
Heritable. Scottish Equivalent of English Freehold
Description
17-19 Union Terrace comprises a traditional banking hall with an office extension. With accommodation on ground and three upper floors, the property also links with the stairway accessing two residential flats (which also have a separate access from Diamond Place).
The original building benefits from a double height banking hall with floors of offices above. The extension provides a modern banking hall at ground floor level, upper floor offices and a basement. There is lift access to all levels. The original building includes architectural features internally and externally.
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
17-19 Union Terrace comprises a traditional banking hall with an office extension. With accommodation on ground and three upper floors, the property also links with the stairway accessing two residential flats (which also have a separate access from Diamond Place).
The original building benefits from a double height banking hall with floors of offices above. The extension provides a modern banking hall at ground floor level, upper floor offices and a basement. There is lift access to all levels. The original building includes architectural features internally and externally.
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
17/18 Union Terrace
Ground Basement First Second Third
Former Banking Hall Ancillary Office Office Office
219.40 155.10 132.50 197.90 109.60
(2,362) (1,669) (1,426) (2,130) (1,180)
VACANT POSSESSION
19 Union Terrace
Ground Basement First Second Third
Former Banking Hall Ancillary Office Office Office
266.80 154.00 120.80 155.90 106.00
(2,872) (1,658) (1,300) (1,678) (1,141)
VACANT POSSESSION
Flat 1A
Residential
106.90
(1,151)
VACANT POSSESSION
Flat 1B
Residential
90.40
(973)
VACANT POSSESSION
Total
1,815.30
(19,540)
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.
