A former city centre student union and educational building in a Scottish city are to be sold at auction.
The two âsubstantialâ buildings total 88,794 square feet with a central courtyard on a total site of about half an acre.
Acuitus Auctioneers said the Schoolhill site was previously a student union with retail and residential uses and the Clarke Building was a former educational facility
It is close to Aberdeenâs main retail shopping centres and the new Marischal Square office and leisure location.
The auction house said alternative uses could include student accommodation and housing, subject to consent.
The Schoolhill building is Grade B listed and overlooks Aberdeen Art Gallery, His Majestyâs Theatre and Union Terrace Gardens.
Mhairi Archibald, Scottish consultant for Acuitus, said: âAberdeen offers a great number of office investment opportunities for investors looking to diversify their portfolios, with redevelopment potential as best suited to the investor. Particularly the former Schoolhill building, which offers a hotel opportunity in the heart of the city.â
The site is listed at a guide price ÂŁ350,000 - ÂŁ375,000 and the auction is live-streamed on December 12.
Fraser of Allander: âlimited room for manoeuvreâ in Scottish Budget
Finance Secretary Shona Robison only has âlimited room for manoeuvreâ in next weekâs Scottish Budget, experts have warned, despite the âsignificantâ additional cash Holyrood ministers will receive from the UK Government.
The Scottish Government is due an additional ÂŁ1.5 billion for the current financial year and a further ÂŁ3.4 billion in 2025-26 as a result of Chancellor Rachel Reevesâs UK Budget, but experts at the Fraser of Allander Institute said the settlement is still âtrickyâ for the Holyrood Finance Secretary.
Joao Sousa, deputy director at the Strathclyde University-based think tank, noted ÂŁ7 out of every ÂŁ8 spent by the Scottish Government goes on just four areas â health, pay, social security and grants to local government.
AROUND THE GREENS
Mar Hall prepares to unveil major changes this spring
This article appears as part of Kristy Dorsey's Around The Greens
Located on the banks of the River Clyde in Bishopton, Mar Hall was bought out of administration by Dubai-based Dutco Group in December 2023 with support from asset management firm Align Partners. The five-star resort has since been undergoing a £15 million programme of upgrades and renovations.
Chris McQueen was appointed head of golf at Mar Hall in April, having previously worked at Gleddoch Resort & Spa and Trump Turnberry. He has been in charge of extensive improvement works at the course with support from head greenkeeper Andrew Eckford, previously of Cameron House and Loch Lomond, who also joined Mar Hall earlier this year.
Mr McQueen says the resort is set to be transformed ahead of next year's annual charity golf day on July 25 in aid of Ardgowan Hospice, with actor Martin Compston and former footballer Frank McAvennie expected to attend.
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