Former Department Store building (Esslemont & Macintosh)
Prime location in Aberdeen City Centre adjacent to Marischal Square
Two highly attractive buildings
Approximate Floor Area of 3,691.28 sq. m. (39,733 sq. ft.) over part ground, basement and upper floors
Substantial residential or commercial re-development opportunity (subject to consents)
Lot 29
Auction 27th March 2024
Vacant Possession
Status Sold Post
Price
Sector Development
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 Street is located in the heart of Aberdeen city centre. The street runs west to east and also 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. The property is prominently situated on the north side of Union Street at its junction with Broad Street and the Marischal Square office and mixed use quarter.
The location is also close to the Bon Accord and St Nicholas Shopping Centre. Nearby occupiers include Vue Cinema, Marks & Spencer, Brewdog, JD Wetherspoon, Sports Direct and Costa with office occupiers including Aberdeen City Council, Burness Paull and KPMG
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 Street is located in the heart of Aberdeen city centre. The street runs west to east and also 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. The property is prominently situated on the north side of Union Street at its junction with Broad Street and the Marischal Square office and mixed use quarter.
The location is also close to the Bon Accord and St Nicholas Shopping Centre. Nearby occupiers include Vue Cinema, Marks & Spencer, Brewdog, JD Wetherspoon, Sports Direct and Costa with office occupiers including Aberdeen City Council, Burness Paull and KPMG
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises the upper floors, basement and part ground floor of two highly attractive buildings with an approximate floor area of 3,692.80 sq m (39,733 sq ft). The buildings are linked by a corridor at third floor level over St Catherine's Wynd. Internally, the property is finished to a shell specification with open plan configuration. The property could be suitable for a range of uses including residential, student accommodation, hotel and leisure subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises the upper floors, basement and part ground floor of two highly attractive buildings with an approximate floor area of 3,692.80 sq m (39,733 sq ft). The buildings are linked by a corridor at third floor level over St Catherine's Wynd. Internally, the property is finished to a shell specification with open plan configuration. The property could be suitable for a range of uses including residential, student accommodation, hotel and leisure subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Floor Areas Approx. sq. m.
Floor Areas (Approx. sq. ft.)
Possession
26-30 Union Street
Ground Basement First Second Third Fourth
81.00 232.25 468.00 368.00 375.00 140.00
(872) (2,500) (5,038) (3,961) (4,036) (1,507)
VACANT POSSESSION
32-38 Union Street
Basement Second Third Fourth Fifth
475.00 390.00 390.00 386.00 386.00
(5,113) (4,198) (4,198) (4,155) (4,155)
VACANT POSSESSION
Total
3,691.28
(39,733)
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.
