Aberdeen is Scotland’s third largest city and benefits from a thriving energy sector, comfortably sitting within the top 25 retail locations in the UK.
The city’s resident population draws on a substantial catchment in the region of 500,000. There are also two universities with an estimated student population of approximately 30,000.
Marischal Square is a quality mixed-use development designed to transform the centre of Aberdeen. The development will comprise 173,500 sq ft of Grade A office accommodation, a 126 bed, 4-star Residence Inn by Marriott and approximately 28,000 sq ft of leisure accommodation at ground-floor level. The space will come together to create a fresh, vibrant and new central area in the heart of Aberdeen City-Centre.
Location
The Marischal Square development is strategically positioned within New Aberdeen, directly opposite the Bon Accord/St Nicholas Shopping Centres and the architecturally renowned Marischal College, now Aberdeen City Council Headquarters.
The vision will create a new destination office/leisure development providing quality restaurants, cafés and bars on the ground-floor and freshly upgraded public realm and a bright, new open external seating area for consumers to enjoy.
The development will form important links with the rest of the city-centre providing an excellent environment for office workers, shoppers and the general public to use seven days a week throughout daytime and evening.
Accommodation
The generous ground-floor retail/leisure accommodation comprises approximately 28,000 sq ft of space that can be sub-divided to match specific occupier requirements.
All units will benefit from dramatic fully glazed frontages providing excellent prominence and signage opportunities. With excellent sub division opportunities, unit sizes can range between 1,500 sq ft up to 7,200 sq ft of space depending on tenants’ needs.
Terms
RENTAL: Rent available on application.
LEASE TERMS: The property is available on new, long term, full repairing and insuring leases for a minimum of 15 years. Leases will incorporate 5 yearly upward only rent reviews.
SERVICE CHARGE: There will be a service charge applicable for the common parts of the development, further details are available on request.
PLANNING: The development benefi ts from planning consent for Class 1, 2 and 3 uses, further details are available on request or directly from the local planning department.
ENTRY: Site works commenced in Q1 2015 with potential for providing handover Q2 2017 for occupiers to shop fit.
LEGAL COSTS: Each party to be responsible for their own legal costs incurred in connection with this transaction with the ingoing tenant responsible for any stamp duty and VAT incurred thereon.