Student Union Building 54 – 70 Schoolhill and The Clarke Building Harriet Street Aberdeen AB10 1JQ

  • Student Union Building 54 – 70 Schoolhill and The Clarke Building<br>Harriet Street<br>Aberdeen<br>AB10 1JQ

Student Union Building 54 – 70 Schoolhill and The Clarke Building
Harriet Street
Aberdeen
AB10 1JQ

Mixed development opportunity in central Aberdeen

  • Two substantial buildings totalling 88,794 sq ft with a central courtyard on a total site of approximately 0.47 acres
  • Schoolhill was previously a student Union with retail and residential uses and the Clarke Building was a former educational facility
  • Close to Aberdeen’s main retail shopping centres and Marischal Square the new office and leisure location
  • Previous planning consent granted for conversion to 255 bed boutique hotel - see Aberdeen City Council planning portal for further information
  • Alternative uses include Student Accommodation, BTR, Affordable Housing and Residential (subject to consents)
  • The Schoolhill building is Grade B listed and overlooks Aberdeen Art Gallery, His Majesty’s Theatre and Union Terrace Gardens
  • Lot
    20
  • Auction
    12th December 2024
  • Vacant Possession
  • Status
    Sold
  • Price
    £450,000
  • Auction Venue
    Live Streamed Auction
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Mixed development opportunity in central Aberdeen

  • Two substantial buildings totalling 88,794 sq ft with a central courtyard on a total site of approximately 0.47 acres
  • Schoolhill was previously a student Union with retail and residential uses and the Clarke Building was a former educational facility
  • Close to Aberdeen’s main retail shopping centres and Marischal Square the new office and leisure location
  • Previous planning consent granted for conversion to 255 bed boutique hotel - see Aberdeen City Council planning portal for further information
  • Alternative uses include Student Accommodation, BTR, Affordable Housing and Residential (subject to consents)
  • The Schoolhill building is Grade B listed and overlooks Aberdeen Art Gallery, His Majesty’s Theatre and Union Terrace Gardens
  • Lot 20
  • Auction 12th December 2024
  • Vacant Possession
  • Status Sold
  • Price £450,000
  • Sector
    Office, Leisure
  • 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) (0.5 miles west)
Air
Aberdeen International Airport (6.5 miles west)
Situation

Aberdeen is Scotland’s third largest city with a population of 220,000 and a regional catchment of 500,000. The city is globally recognised as the Energy Capital of Europe. The city is an internationally recognised business
destination with excellent academic and research capabilities The city benefits from two highly regarded Universities. The properties are located to the north of Union Street on Schoolhill, a street that runs west to east between The two elements of the Bon Accord Shopping Centre.

Tenure

Heritable.

Location
Miles
67 miles north-east of Dundee
Roads
A90, A96
Rail
Aberdeen Railway Station (Mainline and ScotRail) (0.5 miles west)
Air
Aberdeen International Airport (6.5 miles west)
Situation

Aberdeen is Scotland’s third largest city with a population of 220,000 and a regional catchment of 500,000. The city is globally recognised as the Energy Capital of Europe. The city is an internationally recognised business
destination with excellent academic and research capabilities The city benefits from two highly regarded Universities. The properties are located to the north of Union Street on Schoolhill, a street that runs west to east between The two elements of the Bon Accord Shopping Centre.

Tenure

Heritable.

Description

The Schoolhill building comprises a substantial 4 storey building benefitting from lift access to all levels.

The Clarke Building is arranged over basement, ground and five upper levels.

The buildings are situated in city centre zone which benefits from Aberdeen City Council’s Affordable Housing Waiver and is opposite the city centre’s first Build to Rent development.

VAT

VAT is applicable to this lot.

Planning

Conditional Planning Permission was granted in 2015 for change of use of the buildings to create a 255-bed boutique hotel with restaurant, bar, function suite, meet space and gym. Full details of the historic permission can be found on Aberdeen City Council’s planning portal reference 150513. Halliday Fraser Munro have undertaken a high level feasibility study which can be made available to interested parties

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The Schoolhill building comprises a substantial 4 storey building benefitting from lift access to all levels.

The Clarke Building is arranged over basement, ground and five upper levels.

The buildings are situated in city centre zone which benefits from Aberdeen City Council’s Affordable Housing Waiver and is opposite the city centre’s first Build to Rent development.

VAT

VAT is applicable to this lot.

Planning

Conditional Planning Permission was granted in 2015 for change of use of the buildings to create a 255-bed boutique hotel with restaurant, bar, function suite, meet space and gym. Full details of the historic permission can be found on Aberdeen City Council’s planning portal reference 150513. Halliday Fraser Munro have undertaken a high level feasibility study which can be made available to interested parties

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
The Clarke Building Basement
Ground
First
Second
Third
Fourth
Fifth
Office
1,103.00
996.00
1,014.00
1,014.00
1,014.00
1,014.00
695.00
(11,871)
(10,719)
(10,911)
(10,911)
(10,911)
(10,911)
(7,487)
VACANT POSSESSION
Student Union Building Basement
Ground
First
Second
Attic
Office
297.00
287.00
284.00
293.00
239.00
(3,195)
(3,088)
(3,062)
(3,153)
(2,575)
VACANT POSSESSION
Total    
8,250.00
(88,794)
 

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.

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Associate AuctioneersDominic Millar +44 (0) 1224 219000 M +44 0783 3402 389Dominic.Millar@cbre.com
Seller's Solicitors
Addleshaw Goddard LLP Exchange Tower, 19 Canning St,
Edinburgh
EH3 8EH
Paul Ewing +44 (0)131 222 9454Paul.Ewing@addleshawgoddard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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