FOR SALE COMMERCIAL DEVELOPMENT LAND (20.96 ACRES) COMPETITIVELY PRICED The Core, Bridge of Don, Aberdeen, AB23 8BD ABERDEEN HARBOUR ABERDEEN INTERNATIONAL AIRPORT CITY CENTRE ROYAL ABERDEEN GOLF CLUB ABERDEEN ENERGY & INNOVATION PARK MURCAR LINKS GOLF CLUB AECC DENMORE INDUSTRIAL ESTATE THE CORE BRIDGE OF DON RETAIL PARK ABERDEEN WESTERN PERIPHERAL ROUTE > Fully serviced site > Ready for immediate development > Beneficial planning consent > Established location > Easy access to the newly completed AWPR AB23 8BD thecoreaberdeen.com
2 THE CORE ABERDEEN LOCATION AND ACCESS The CORE is ideally located in the Bridge of Don to the north of Aberdeen City Centre. Accessed from the and the newly completed AWPR, it is the gateway to the Energetica Corridor, overlooking the Royal Aberdeen and Murcar Links golf courses. The site offers quick access to the airport, harbour and city centre. Inverness Glasgow Dundee Peterhead ABERDEEN Edinburgh ABERDEEN INTERNATIONAL AIRPORT > 4 miles to city centre & harbour > 8 miles to Aberdeen International Airport > 1.5 miles to AWPR > 1 mile to AECC > 1 mile to Denmore Industrial Estate > 1 mile to Bridge of Don Retail Park > 2 miles to Royal Aberdeen Golf Club > 6 miles to Trump International Golf Links > 5 min walk to Murcar Links Golf Club > 250 Metres to beach A96 AWPR - Bypass PETERHEAD B999 DENMORE INDUSTRIAL ESTATE BRIDGE OF DON E n e r g e t i c a C AECC Aberdeen Exhibition & Conference Centre o r r i d o r Dublin Manchester Leeds Birmingham AWPR - Bypass Lang Stracht ABERDEEN CITY CENTRE London TRAIN STATION HARBOUR FLIGHT TIMES Leeds Bradford FROM AIRPORT 1hr N D e e s i d e R d R i v e r D e e Stonehaven RD Manchester 1hr 10mins Stavanger, Norway 1hr 10mins AWPR - Bypass Birmingham 1hr 25mins London Heathrow 1hr 25mins London City Amsterdam Schiphol 1hr 30mins 1hr 30mins Stonehaven London Gatwick 1hr 40mins Baku, Azerbaijan (1 stop) 9hr Abu Dhabi, UAE (1 stop) 9hr 25mins Houston, USA (1 stop) 13hr 30mins
3 THE CORE ABERDEEN THE ABERDEEN WESTERN PERIPHERAL ROUTE (AWPR) HARBOUR The AWPR is a major infrastructure project that will significantly improve and transform the transport connections to north Aberdeen. The 58km new road project, designed as bypass for Aberdeen, is due for completion in Autumn 2018 and will provide a connection to the directly adjacent to The Core. ABERDEEN THE UK S ENERGY CAPITAL AECC ABERDEEN EXHIBITION AND CONFERENCE CENTRE Aberdeen s economy is heavily influenced by the energy sector, with a number of large scale employers, as well as major support organisations, having a presence in the city. Given the links between Aberdeen and oil and gas, the performance of the city s economy (and its commercial property market) generally mirrors the fortunes of the oil and gas sector. Between the mid-2000s and 2015, the Aberdeen market performed strongly and out-performed the rest of the UK regional cities. Whilst the rest of the UK was in recession in 2008/2009, Aberdeen s economy remained buoyant, which in the property market resulted in sustained levels of occupational, developer and investor activity as well as new prime, headline rents for offices and industrial. Industrial and office take-up slowed in 2016 but remained stable and so far in 2018 there has been a steady increase in activity with prime rents remaining largely unchanged. 28,000.0 26,000.0 24,000.0 22,000.0 20,000.0 18,000.0 16,000.0 Annual GDP ( millions) Annual GDP ( millions) RECENT NEWS ARTICLES GLOBAL OIL INDUSTRY SET FOR RETURN TO GROWTH RELOCATE MAGAZINE (October 2017) GIANTS PROVIDE $600M BOOST FOR NORTH SEA OIL AND GAS SECTOR The Herald Scotland (August 2018) 14,000.0 12,000.0 120000 100000 Annual Energy Cost per sqft 80000 60000 40000 20000 0 2005 2006 2007 2007 2008 2009 2010 2011 2012 Leeds Aberdeen City and Aberdeenshire 1.20 1.00 0.80 0.60 0.40 0 Core 3 EPC B Notional Building Glasgow Bristol Aberdeen Industrial Take- up and Supply (sq.m) 5000 2013 2014 2015 2016 2017 Aberdeen Industrial Take Up (Sq.m) Aberdeen HEATING Industrial COOLING New AUXILIARY Build Supply LIGHTING Over HOT 1,858 WATER Sq.mTOTAL Edinburgh NORTH SEA ACTIVITY BOOSTS HIGHLANDS AND ISLANDS AIRPORTS Energy Voice (August 2018) NORTH SEA OIL REVENUE SOARS TO 1.3BN, GERS FIGURES SHOW STV (August 2018) BUSINESS PROPERTY IN ABERDEEN MARKET REBOUNDS Energy Voice (August 2018) NORTH SEA SOMETHING TO FEEL GOOD ABOUT SAYS US AMBASSADOR Energy Voice (August 2018) OIL RALLY FUELS SURGE IN DEMAND FOR ABERDEEN OFFICES The Herald Scotland (August 2018)
4 THE CORE ABERDEEN THE DEVELOPMENT PLANNING The Core is able to provide 20.96 acres (8.48 hectares) of fully serviced and platformed plots for immediate development. CURRENT OCCUPIERS Three buildings have already been built at The Core, with Sonomatic and HVAC in occupation. > Outline planning consent for Classes 4, 5 and 6 > Capacity for Approx. 441,000 sq.ft in Phase 1. > Expedited Planning process under reserved matters > Benefits from accelerated process in which detailed applications have been proven to be processed in a period of less than 12 weeks. Existing detailed consents on: Plot 1-100,000 sq.ft Plot 9-26,000 sq.ft Plot 10-40,000 sq.ft POTENTIAL OFFICE / DISTRIBUTION DEPOT Main entrance from the CGI PLOT 1 100,000 SQ FT 8.87 Acres PLOT 4B 1.59 Acres PLOT 12 3.92 Acres PLOT 10 40,000 SQ FT 2.66 Acres PLOT 9 26,000 SQ FT 1.90 Acres PLOT 6 2.03 Acres DETAILED PLANNING APPROVED LAND SALE
5 THE CORE ABERDEEN THE OPPORTUNITY The available development land offers purchasers a unique opportunity. The site extends to approximately 20.96 acres (8.48 hectares) of fully developable land, all of which is oven ready and benefits from; > SUDS and surface water scheme in place > Foul water drainage installed > 150mm gas main installed > Full water main installed Further information and certainty on programme and costs from an established design team can be provided upon request. CGI PLOT 1 DETAILED CONSENT CGI PLOT 10 - DETAILED CONSENT
6 THE CORE ABERDEEN RECENT TRANSACTIONS Key land transactions in Aberdeen include; Date Purchaser Address Site Size (acres) Price ( per acre) July 2015 Jarvie Plant Hire Greenbank Road 1.43 925,000 ( 620,000) July 2015 Sonomatic The Core 2.63 1,179,000 ( 450,000) October 2014 HVAC The Core 1.83 823,500 ( 450,000) July 2013 Argon Properties Hareness Road 3.3 1,500,000 ( 454,545) July 2013 Axiom ABZ Business Park 1.2 726,000 ( 605,000) Unlike the majority of the rest of the UK, the Aberdeen industrial market applies differential rents to the component parts of industrial buildings with separate rates applied to the warehouse, office and yard elements. Key letting transactions include; Date Address Tenant Size (sq.ft) Rent ( per sq.ft) August 2018 Minto Commercial Park CVS Ltd July 2018 Kingshill Business Park Texo Group Ltd July 2018 Kingshill Business Park Power Jacks Ltd May 2017 ICR H2 September 2016 Swellfix UK Ltd Kingshill Business Park W - 18,489 O - 5,492 Y - 19,468 W - 10,000 O - 5,500 Y - 1,571 W - 14,400 O - 7,900 Y - 12,056 W - 12,282 O - 3,938 Y - 18,492 W - 6,986 O - 11,582 Y - 10,553 8.50 17.50 1.75 9.00 18.00 2.00 9.00 18.00 2.00 8.75 17.75 1.75 8.00 17.25 1.50 SALE TERMS & TIMING Offers are invited for the heritable interest in the whole. For further information on pricing and timing, please contact the sole selling agents. DUE DILIGENCE Further information and access to a data room containing detailed technical, planning and legal information can be made available to seriously interested parties. LEGAL COSTS Each party shall bear their own legal costs incurred in connection with this transaction although in the normal manner the preferred purchaser will be liable for all LBTT, registration dues and VAT where applicable. CONTACT For further information contact the sole selling agents: Craig Watson craig.watson@eu.jll.com 0131 301 6711 Ben Dobson ben.dobson@eu.jll.com 0131 243 2217 Disclaimer - JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken. For properties in Scotland: e. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law. Copyright Jones Lang LaSalle IP Inc December 2018. All rights reserved.