Residential Development Site
Regular Shaped
0.13Ac
Previously Granted For 12 Apartments
Price: o/o £70,000
Location
The property is located on Fraser Place, approximately 0.3 miles north of the busy Mounthooly Roundabout with direct access to both the A96 and George Street via Fraser Place.
Aberdeen is located approximately 180 km (125 miles) north of Edinburgh and 210 km (145 miles) north east of Glasgow. The city benefits from excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness. In addition, the city is connected to the national rail network with direct services to London Kings Cross. Aberdeen International Airport is approximately 9.6 km (6 miles) north-west of the city centre and is used by around 3 million passengers a year for scheduled and charter holiday flights.
Aberdeen City & Shire is the third largest city region in Scotland and home to almost 0.5 million people of which 230,000 live in Aberdeen. Aberdeen is one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities with innovative industries, excellent academic and research capabilities and a highly skilled workforce. Alongside continued investment in energy, life sciences, tourism and hospitability, food, drink and agriculture, digital and the creative sectors are industries
on the rise (Source: Aberdeen City Council).
The Aberdeen economy continues to bounce back from the effects of the recent downturn in the oil and gas industry. Latest evidence of an upturn comes from a new report revealing the Granite City has taken second place for growth across 45 of the country's largest cities.
Description
The property comprises a site of approx. 0.13 Acres (0.05 Ha) which consists of a secure storage yard with a mixture of concrete and gravel surface. Access to the site is obtained via a metal gate located on Fraser Place.
Planning
Planning was previously granted in May 2017 for purpose built apartment building compromising: 12 flats, amenity space, together with associated car parking and operational areas.
Living accommodation is on floors 1-4, with each flat having access to balcony areas; whereas the ground floor provides the principle entrance to the building, operational areas, secure internal cycle parking and access to car parking for 9
cars plus 1 disabled space and 2 motorbikes.
Further information can be found on Aberdeen City City Council website under ref: 150901
Section 75
There is a Section 75 Agreement registered on 02/05/2017 for the change of use and redevelopment to form twelve (12) residential units on the Development Site. The agreement is in usual terms with various contributions to be paid by the developer: - Primary Education Contribution - £1533.33; Roads Contribution - £5,100.00; Sports and Recreation Contribution - £396.00
Price
Offers in Excess of £70,000 are invited
Legal Costs
Each party will be responsible for paying their own legal costs incurred in this transaction.
VAT
The transaction will attract V.A.T.
Anti Money Laundering
TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.