FOR SALE -...

FOR SALECOMMERCIAL LAND (20.96 ACRES) INCLUDING A HIGH PROFILE INDUSTRIAL UNIT WITH OFFICES (27,000 SQ FT)

thecoreaberdeen.com

The Core, Bridge of Don, Aberdeen, AB23 8BD

AB23 8BD

> Competitively priced> Fully serviced site> Ready for immediate development> Beneficial planning consent> Established location> Easy access to AWPR from 2018> Available as a whole or as two separate lots

ABERDEEN ENERGY & INNOVATION PARK

AECC

ABERDEEN HARBOUR

ROYAL ABERDEEN GOLF CLUB

CITY CENTRE

BRIDGE OF DON RETAIL PARK

DENMORE INDUSTRIAL ESTATE

ABERDEEN WESTERN PERIPHERAL ROUTE

THE CORE

POTENTIAL FUTURE PHASES

MURCAR LINKS GOLF CLUB

A90

ABERDEEN INTERNATIONAL AIRPORT

ABERDEEN

Leeds

Manchester

Birmingham

London

Glasgow

Inverness Peterhead

Edinburgh

Dublin

Dundee

2 | THE CORE ABERDEEN

S t o n e h a v e nR D

S t o n e h a v e n

R i v e r D e e

En

er

ge

ti c

a C

or

ri d

or

A90

B999

A90

A90

A96

L a n g S t r a c h t

N D e e s i d e R d

A B E R D E E NC I T Y C E N T R E

H A R B O U R

A B E R D E E NI N T E R N A T I O N A L

A I R P O R T

T R A I N S T A T I O N

P E T E R H E A D

DENMOREINDUSTRIAL

ESTATE

BRIDGEOF DON

AECCAberdeen Exhibition& Conference Centre

AWPR

- By

pass

AWPR - Bypass

AWPR - Bypass

The CORE is ideally located in the Bridge of Don to the north of Aberdeen City Centre. Accessed from the A90 and AWPR (from 2018), 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.

LOCATION AND ACCESS

FLIGHT TIMES FROM AIRPORT

Leeds Bradford 1hr

Manchester 1hr 10mins

Stavanger, Norway 1hr 10mins

Birmingham 1hr 25mins

London Heathrow 1hr 25mins

London City 1hr 30mins

Amsterdam Schiphol 1hr 30mins

London Gatwick 1hr 40mins

Baku, Azerbaijan (1 stop) 9hr

Abu Dhabi, UAE (1 stop) 9hr 25mins

Houston, USA (1 stop) 13hr 30mins

> 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

PLOT 4B

PLOT 1

CORE 3

PLOT 12

PLOT 9PLOT 10PLOT 6

100,000 SQ FT8.87 Acres

27,000 SQ FT2.61 Acres

3.92 Acres


2.03 Acres

1.59 Acres



THE ABERDEEN WESTERN PERIPHERAL ROUTE (AWPR)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 winter 2017/2018 and will provide a connection to the A90 directly adjacent to The Core.

ABERDEEN –THE UK’S ENERGY CAPITALAberdeen’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 2017 there has been a steady increase in activity with prime rents remaining largely unchanged. THE LOCAL ECONOMY IS SHOWING SIGNS OF CAUTIOUS

OPTIMISM Grant Thornton (May 2017)

THE MOOD OF THE OFFSHORE SECTOR HAS FOUND MORE THAN HALF (52%) OF OPERATORS AND CONTRACTORS BELIEVE THE INDUSTRY HAS ALREADY HIT THE BOTTOM OF ITS CURRENT CYCLEAberdeen and Grampian Chamber of Commerce (June 2017)

NORTH SEA BOOST AS FIRST OIL FLOWS FROM HUGE KRAKEN FIELDThe Scotsman article on EnQuest’s Kraken Project in North Sea (June 2017)

WE ARE STARTING TO SEE SOME GREEN SHOOTS OF RECOVERY, DEPENDING ON WHERE YOU ARE IN THE SUPPLY CHAIN Oil & Gas UK, Vision 2035 Conference (June 2017)

GLOBAL OIL SUPPLY COULD STRUGGLE TO KEEP PACE WITH DEMAND AFTER 2020, RISKING A SHARP INCREASE IN PRICES UNLESS NEW PROJECTS ARE APPROVED SOONInternational Energy Agency (May 2017)

81% OF ALL FIRMS EXPECT TO BE INVOLVED IN DECOMMISSIONING IN NEXT 3-5 YEARSAberdeen and Grampian Chamber of Commerce, Oil & Gas Survey 26 (June 2017)

HARBOUR

AECC | ABERDEEN EXHIBITION AND CONFERENCE CENTRE

12,000.0

14,000.0

16,000.0

18,000.0

20,000.0

22,000.0

24,000.0

26,000.0

28,000.0

2005 2006 2007 2007 2008 2009 2010 2011 2012

Annual GDP (£ millions)

LeedsBristol

EdinburghGlasgowGlasgowAberdeen City and Aberdeenshire

0

20,000

40,000

60,000

80,000

100,000

120,000

Aberdeen Industrial Take-up and Supply (sq.m)

Aberdeen Industrial New Build Supply Over 1,858 sq.mAberdeen Industrial Supply (sq.m)

2013 2014 2015 2016

Aberdeen Industrial Take-up and Supply (sq.m)

Annual GDP (£ millions)

PLOT 4B

PLOT 1

CORE 3

PLOT 12

PLOT 9PLOT 10PLOT 6

100,000 SQ FT8.87 Acres


3.92 Acres


2.03 Acres

1.59 Acres


Main entrance from the A90


THE DEVELOPMENTThe Core is able to provide 30 acres (12 hectares) of fully serviced and platformed plots for immediate development.

CURRENT OCCUPIERSThe first occupiers already enjoying The Core are HVAC and Sonomatic.

PLANNING> 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

COMPLETED

DETAILED PLANNING APPROVED

LAND SALE

CGI

POTENTIAL OFFICE / DISTRIBUTION DEPOT

THE OPPORTUNITYLOT 1: DEVELOPMENT LANDThe 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> 5.5MVA ring fenced from the grid

Further information and certainty on programme and costs from an established design team can be provided upon request.

LOT 2: CORE 3Core 3 was completed in 2016, providing a high performance industrial unit and offices with secure and self-contained yard. The unit benefits from BREEAM “Excellent” and EPC “A” ratings which deliver significant running cost savings for occupiers.

The site extends to a total of 2.61 acres (1.06 Hectares) with the high quality accommodation extending to the following areas:

Industrial 21,000 sq ft 1,951 sq mOffice 6,000 sq ft 557 sq mTotal 27,000 sq ft 2,508 sq mService Yard 32,670 sq ft 3,035 sq m

(Under New Start the Scottish Assessors have confirmed that Core 3 will be granted 100% rates relief until 18th December 2018)


0

5000

£0.40

£0.60

£0.80

Annu

al E

nerg

y Co

st p

er s

qft

£1.00

£1.20

HEATING COOLING AUXILIARY LIGHTING HOT WATER TOTAL

Core 3

EPC B

Notional Building

CGI PLOT 1 – DETAILED CONSENT

CORE 3

CGI PLOT 10 - DETAILED CONSENT

Notional Energy Savings

RECENT TRANSACTIONSKey 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 Purchaser Address Site Size (acres) Price (£ per acre)

May 2017 H2 ICRW - 12,282 O - 3,938 Y - 18,492

£8.75 £17.75 £1.75

September 2016 Kingshill Business Park Swellfix UK LtdW - 6,986 O - 11,582 Y - 10,553

£8.00 £17.25 £1.50

August 2016 Aberdeen Gateway ERIKS Industrial ServicesW - 15,000 O - 4,500 Y - 9,825

£8.00 £17.00 £1.50

August 2016 Kingshill Business Park AIS GroupW - 10,000 O - 5,500 Y - 8,950

£9.00 £18.00 £2.00

January 2016 ABZ Business ParkAramk Workplace Solutions

W - 12,383 O - 6,114 Y - 19,752

£9.00 £18.00 £1.75

SALE TERMS & TIMINGOffers are invited for the heritable interest in the whole, or for each lot. For further information on pricing and timing, please contact the sole selling agents.

CAPITAL ALLOWANCESAll available unclaimed capital allowances will be passed to the purchaser as of the date of completion.

DUE DILIGENCEFurther information and access to a data room containing detailed technical, planning and legal information can be made available to seriously interested parties.

LEGAL COSTSEach 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.

CONTACTFor further information contact the sole selling agents:

Craig Watson [email protected] 0131 301 6711

Ben Dobson [email protected] 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 September 2017. All rights reserved.


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