Ruby House 8 Ruby Ln 40,628 SF 100% Leased Office Building Aberdeen AB10 1ZP $469,591 ($11.56/SF)

The Heritable Interest in Ruby House is being offered for sale with Vacant Possession. Offers are invited for our client’s heritable interest.
Detailed Planning Permission (220346/DPP) was granted by Aberdeen City Council for the conversion of Ruby House from office accommodation to 59 residential apartments on 29th November 2022. The 59 flats would comprise 37 1-bed units and 22 2-bed units. Consent was granted subject to certain conditions. Full information regarding the planning consent can be obtained from the selling agents or via the planning portal on Aberdeen City Councils website: https://publicaccess.aberdeencity.gov. uk/online-applications/search.do?actio n=simple&searchType=Application A Section 75 Agreement has been completed and registered relative to the proposed conversion of Ruby House to residential accommodation. This requires the developer to contribute the sum of £1997.09 per unit to Aberdeen City Council for the delivery of Community Facilities, Core Paths, Healthcare and Open Space. The site is within the City Centre Conservation Area.
Built in 1979, Ruby House forms a four storey, L shaped detached office building of concrete construction along with 36 no car parking spaces. The development opportunity is a rare and welcome commodity within the City Centre. Ruby House and the car parking are accessed from Ruby Lane and the entire site extends to approx. 0.35 ha (0.87 acres).