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Substantial Office and Development Opportunity

Aberdeen, AB11 - Get Access

Description

The property comprises a substantial office building arranged over ground and eleven upper floors, benefiting from city and harbour views, with a total approximate floor area of 7,236 sq. m. (77,940 sq. ft.) on a site extending to approximately 0.28 Ha (0.68 Acres). The property also benefits from a total of 56 car parking spaces, with approximately 22 spaces available to the front and rear of the property, whilst the remaining 34 spaces are held within level 4 of the adjacent multi-storey car park. The property is well suited to redevelopment for a variety of alternative uses including hotel, student accommodation, or residential. It may also be suitable for multi-let occupation, owner-occupation, and alternative asset management strategies, subject to obtaining the necessary consents. The property is prominently situated on the east side of College Street, adjacent to Aberdeen Rail Station and Union Square Shopping Centre, the city's main retail and leisure destination. Nearby office occupiers include EnQuest, Three60Energy, Offshore Energies UK, and CNR International.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 77,940 sq ft (Listing)

Valuing New Telecom House required examining a substantial 12-storey commercial office property in central Aberdeen. The evaluation incorporates the prominent location adjacent to the railway station and shopping centre, alongside the observed fair condition of the concrete exterior facade. Floor area metrics are drawn directly from the advertised and internal property data of 77,940 sq. ft.

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