Property Details: • Type: 41,382 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Prime city centre location • Former office building demolished and site cleared for development. • Planning Permission in Principle for up to 140 residential units • Fully private development with no affordable housing requirement • Suitable for development of alternative uses incl Office, subject to consent.

Location: • Nearest Station: Aberdeen Station • Distance to Station: 0.8 miles

Agent Information: • Address: 37 Albyn Place Aberdeen AB10 1YN

Full Description: Following approval of a Section 42 application, the planning consent hasbeen extended from 31st January 2023 for a period of 5 years.The planning application permits the development of up to 140 residential units however two schemes, designed by award winning architecture practice CDA, have been approved by the Council as follows:1) Maximised Illustrative Scheme140 private apartments designed to maximise the number of units within the consented massing.Comprising 88 x studio apartments, 48 x 1 bed apartments and 4 x 2 bed apartments.Optimised Illustrative Scheme115 private apartments designed to suit a wider house mix. Comprising 26 x studios, 52 x 1 bedroom apartments, 29 x 2 bedroom apartments and 8 x 3 bedroom apartments.The development is designed over three individual blocks varying in height from 5 storeys at the entrance to the site from Gallowgate, to 7 storeys at the rear of the site offering the top floors sea views to the East

54 Gallowgate occupies a prominent location in the heart of the city centre adjacent to Bon Accord Shopping Centre and approximately 200m from Marischal Square – a £170m mixed use scheme comprising offices, retail and leisure – and Marischal College.The site is less than 100 metres from North East Scotland College’s city centre campus .The immediate surrounding area also comprises a range of residential accommodation.54 Gallowgate lies approximately 1 mile from Aberdeen’s train and bus station which forms part of Union Square Shopping Centre, Aberdeen’s flagship shopping destination offering 550,000 sq ft of retail and leisure units with car parking.Belmont Street, one of Aberdeen’s most popular destinations for bars and restaurants lies approximately 500m west of the Site and is connected to the site via Schoolhill where Aberdeen’s recently refurbished Art Galleryis located.The regeneration of Union Terrace Gardens was completed and opened to the public in January 2023.