FOR SALE DEVELOPMENT OPPORTUNITY JOHN STREET ABERDEEN AB25 1LE

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1 FOR SALE DEVELOPMENT OPPORTUNITY SITE: APPROX HECTARES (1.06 ACRES) DETAILED PLANNING CONSENT FOR 374 BED STUDENT ACCOMMODATION DEVELOPMENT PRIME CITY CENTRE LOCATION EXCELLENT ACCESS TO UNIVERSITY OF ABERDEEN AND RGU JOHN STREET ABERDEEN AB25 1LE

2 LOCATION 2 ABERDEEN IS THE 3RD LARGEST CITY IN SCOTLAND WITH A POPULATION OF APPROX. 230,000 WITH A WIDER POPULATION INCLUDING ABERDEENSHIRE OF CLOSE TO 500,000. THE CITY IS RENOWNED AS A GLOBAL ENERGY HUB WITH MORE THAN 20% OF SCOTLAND S TOP BUSINESSES LOCATED IN THE REGION. THERE IS MORE THAN 8BN OF PUBLIC AND PRIVATE INFRASTRUCTURE INVESTMENT DUE TO BE DELIVERED BEFORE IN ADDITION TO THE ENERGY SECTOR, ABERDEEN HAS ONE OF THE LARGEST CONCENTRATIONS OF LIFE SCIENTISTS IN THE UK, TOGETHER WITH A HIGH PROPORTION OF PEOPLE EMPLOYED WITHIN DIGITAL INDUSTRIES. INVERNESS ABERDEEN ABERDEEN CITY REGION DEAL PERTH DUNDEE The Aberdeen City Region Deal was signed in November 2016 and the 250M investment paves the way for innovation, internationalisation, digital connectivity and infrastructure across the region over a 10 year period. GLASGOW EDINBURGH Key projects include a new world class oil and gas technology centre, bio-therapeutic hub for innovation, investment and digital connectivity infrastructure, harbour expansion and strategic transport interventions such as construction of the Aberdeen Western Peripheral Route. AYR DUMFRIES ENGLAND

3 LOCATION 3 SITE LOCATION The site occupies a prominent city centre location approximately 0.5 miles north of Union Street and the railway & bus stations. In turn the site lies approximately 1 mile south of the University of Aberdeen s main campus. Travel times the campus are as follows: approximately 6-8 minutes (services 18, 19 & 20) approximately 20 minutes Provost Fraser Dr N ANDERSON DR Great Northen Road Provost Rust Dr Rosehill Dr A944 B983 Hiln Dr King s Gate Westburn Dr Hiln St UNIVERSITY OF ABERDEEN B983 A96 A944 SUBJECT PROPERTY Skene St King St King St Aberdeen Union St School Rd Golf Rd Park Road Esplanade Beach Blv r d More specifically, the site is located in the Woolmanhill area of the city centre, just be north of John Street, close its intersection with Woolmanhill/Denburn Road. RGU s Woolmanhill Flats student accommodation lie directly the north-west of the site and provide approx. 700 university owned beds developed in the 1990s. Amenities in the immediate vicinity of the site include, hotels (Hiln Garden Inn & Sandman Signature), the Bon Accord Shopping Centre and local shopping on the George Street thoroughfare. The Aberdeen Sports Village is approx. 1 mile away. approximately 7 minutes Robert Gordon University (RGU) campus at Garthee is approx. 3 miles South West of John Street. Travel times the campus are as follows: approximately 30 minutes (services 1 & 2) Craign Rd Springfield Rd N Deeside Rd B9119 A90 B9119 Great Western Rd Broomhill Road Bridge of Dee Union Grove A9013 Union Square Shopping Centre B9077 Riv e rside Dr W Tullos Road A956 Vicria Rd approximately 60 minutes ROBERT GORDON UNIVERSITY B9077 approximately 21 minutes B9077 A90 A956

4 AERIAL VIEW TO CITY CENTRE 4 KEY 01 Queens Link Leisure Park 02 Beach Promenade 03 Union Street 04 Bus Station 05 Union Square Railway Station Union Terrace Gardens RGU Woolmanhill George Street 10 John Lewis SUBJECT PROPERTY 09 08

5 AERIAL VIEW TO UNIVERSITY OF ABERDEEN CAMPUS KEY Sandman Hotel Hiln Garden Inn 03 Broadford Works 04 Aberdeen Sports Village University of Aberdeen Unite Causeway View North East Scotland College Berryden Retail Park Kittybrewster Retail Park 10 Aberdeen Football Club 03 SUBJECT PROPERTY 02 01

6 NORTH ST A THE SITE 6 The site extends a tal of approximately 0.42 hectares (1.06 acres) and is split in two distinct sections. The main site extends approximately 0.38 hectares (0.95 acres) and sits the north on John Street. A smaller ancillary site the west of John Street extends approximately 0.04 hectares (0.11 acres). The main site is cleared of buildings and ready for immediate development. Access is taken directly from John Street. PLANNING The site has the benefit of detailed planning consent (Reference: /DPP) for the erection of the purpose-built student accommodation development extending a tal of 374 beds, gether with ancillary accommodation. The detailed consent was granted on 2 March THE SCHEME The scheme, which is arranged around an attractive central courtyard, is arranged over ground and 7 upper sreys. The layout affords an excellent level of amenity space of approximately 5 sqm per student that includes 1600 sqm of usable external amenity space and 432 sqm of internal common areas. Outlined below is an accommodation schedule confirming the make-up of the accommodation. Sinks CHARLOTTE GARDENS m 46 CHARLOTTE STREET El Sub Sta 26 Woolmanhill Flats bert Gordon University) JOHN STREET JOHN STREET SKENE SQUARE The Robert Gordon University

7 ACCOMMODATION 7 BLOCK A 6 Bed Cluster sq m 7 Bed Cluster sq m s 18 sq m 21 sq m Level Ground st nd rd th th th th 3 3 Bedspaces Bedspaces BLOCK B 6 Bed Cluster sq m 7 Bed Cluster sq m s 18 sq m 21 sq m Level Ground st nd rd th th Bedspaces TOTAL 273 CLUSTERS TOTAL 101 STUDIOS TOTAL 374 Bedspaces

8 ACCOMMODATION 8 GROUND FLOOR Elec Substation 85m2 Management suite 86m2 Reception Lobby Lounge Study/seminar room Study/seminar 1 room 18m2 2 Study/seminar room 3 18m2 Plant/service 85m2 Mail Laundry 13m2 Accessible bedroom Common Lounge 105m2 type 1 20m2 TV/Cinema 25m2 Bins 58m2 type 1 20m2 Gym 84m2 type 1 20m2 30m2 type 1 20m2 type 9 21m2 Accessible 20m2 type 9 21m2 type 9 21m2 Accessible bedroom Type 11 16m2 Type 11 16m2 28m2 24m2 28m2

9 ACCOM MO DAT I O N 9 TYPICAL UPPER FLOOR studio type 2 18m2 29m2 studio type 2 18m2 studio type 2 18m2 30m2 Cleaners Sre 2m2 studio 22m2 Service Comms studio 22m2 29m2 Accessible bedroom Accessible bedroom 35m2 30m2 30m2 Type 11 16m2 Type 11 16m2 Type 11 16m2 Accessible bedroom 28m2 Service 24m2 28m2

10 FURTHER EDUCATION IN ABERDEEN 10 THE CITY OF ABERDEEN IS HOME TO TWO HIGHLY REGARDED UNIVERSITIES, THE UNIVERSITY OF ABERDEEN AND THE ROBERT GORDON UNIVERSITY (RGU). The University of Aberdeen was founded in 1495, it is the oldest university in Scotland and the 5th oldest in the UK. The university is home 14,500 students of which 31% are from overseas and 28% of those studying are post-graduates. The university consistently ranks in the p 1% of universities in the world and is associated with 5 Nobel Prize winners. In 2018 the university ranked in the p 30 QS university rankings. The medical school is Scotland s p rated and 5th in the UK for medicine. Aberdeen is also among the UK s p research universities with 76% of research assessed within the UK s excellence framework classed as world leading or internationally excellent. RGU became a university in 1992 and has been in existence as an educational institution since the 18th Century. RGU has in the region of 16,700 students of which 62% are full time and 38% part time. Approximately 24% of the students are from overseas. RGU has been awarded a Gold rating in the Teaching Excellence Framework (TEF), placing it in the p 20% of the best universities in the UK for the quality of its undergraduate teaching and learning. Consistently ranked among the UK's p universities for graduate employment for many years, recent accolades have included: Top university in Scotland for Health Professions, Journalism, Architecture and Pharmacy. Top for graduate prospects Guardian University Guide 2017 Ranked 1st in Scotland for graduate prospects in 11 subject areas - The Complete University Guide 2017 Ranked 5th in the UK for universities that do most boost graduate salaries - The Economist 2017

11 STUDENT ACCOMMODATION MARKET IN ABERDEEN 11 Aberdeen s purpose-built student accommodation market (PBSA) is one of the most active in Scotland and there is currently headroom for new delivery of PBSA within the city with a current ratio of 1.9 students per bed. Name of Accommodation & Owner/Operar Room Type Rent per week (51 weeks for studios/44 weeks for clusters) The Combworks, George Street (Hines/CRM) En-suite Causway View, Causwayend (Unite) En-Suite Cluster Powis Place (Lothbury/We Are Homes for Students) Pitdrie Street (Brookfield/Student Roost) En-suite En-suite Cluster En-suite En-suite Cluster En-suite 179 St Peters s (ESP/Hello Student) Classic En-suite 167 Fraser s, Fraser Place (Prestige) En-suite

12 12 OFFERS Offers are invited for the heritable interest in the site and should be submitted the sole selling agents, Ryden. FURTHER INFORMATION Further information and access data room can be provided by contacting the sole selling agent, Ryden. David Fraser T: E: Andrew Smith T: E: Messrs Ryden for themselves and for vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority make or give any representation or warranty whatever in relation this property. September 2018.