Britton Property.
For Sale
54-70 Schoolhill & The Clarke Building, Harriet Street, Aberdeen, AB10 1JQ
Unique Development Opportunity
Substantial Premises extending to 8,250 SQM (88,794 SQFT)
Central location close to Aberdeen Art Gallery, His Majesty’s Theatre and Union Terrace Gardens
Suitable for a variety of use
Viewing strictly by appointment with BRITTON PROPERTY
Andrew Britton
T. 07990 505 421
E. andrew@brittonproperty.co.uk
Aberdeen is Scotland’s third largest city with a population of around 220,000 and a regional catchment of 500,000. The city is recognised as the Energy Capital of Europe. The city is also a recognised business destination with excellent academic and research capabilities, benefitting from two highly regarded universities.
The subjects occupy a prominent, City Centre location and accordingly benefits from excellent local facilities to include the adjacent Bon Accord Shopping Centre, Robert Gordons College, Cowdray Hall, The Art Gallery, His Majesty’s Theatre and the recently upgraded Union Terrace Gardens.
The subjects comprise two substantial buildings occupying a central location within Aberdeen City Centre.
The Schoolhill building comprises a substantial, grade B listed, 4-storey property of red and grey granite external finish under pitch and slate roofs. The property was formally used as a student union, residential accommodation and ground floor retail unit. The premises benefit from a lift accessing all floors.
The Clarke building comprises a substantial building of modern blockwork construction arranged over basement, ground and five upper levels.
The Clarke Building is situated along Harriet Street, directly adjacent to the Bon Accord Shopping Centre. The building was most recently used as an educational facility and therefore comprises a series of teaching rooms, with lift access to all floors.
There is an open courtyard, accessed from Harriet Street with previous plans for a boutique hotel connecting both buildings
Offers over £750,000 are invited.
The current Rateable Value for the combined properties is £311,000.
Conditional planning permission was granted in 2015 for a change of use to the buildings to form a 255-bed boutique hotel including a restaurant, bar, function suite, meeting spaces and a gym. Full details of the historic permission can be found on Aberdeen City Planning Portal under reference 150513.
Architects Halliday Fraser Munro prepared an alternative feasibility study which shows potential to create the following 85 residential unit & retail conversion.
The subjects lend themselves to alternative uses such as Residential, Built to Rent, Student, Educational, Hospitality, Retail and Health Use subject to planning.
Further information and a recommendation report is available to seriously interested parties on request.
Each party will be responsible for their own legal costs incurred in the transaction. The ingoing purchaser will be responsible for any Land and Building Transaction Tax (LBTT) and Registration Dues, if applicable.
Britton Property is a niche, independent retail and leisure consultancy, providing professional and bespoke advice to clients.