INTRODUCTION The subject site offers an opportunity to participate in a substantial housing land release.

ABERDEEN CITY Aberdeen represents Scotland’s third largest City and is the administrative centre for theNorth East. The City has two universities, two Further Education colleges, together witha number of research and development establishments which specialise in theagricultural, food, medical and fishery sectors.

The City is one of the UK’s most prosperous areas. Aberdeen is recognised asrepresenting Europe’s Energy Capital. A number of the leading global energy companiesincluding BP, Shell, Total, Chevron, Centrica, Apache, CNR, Talisman and Nexen haveregional HQs in the City. There is also a substantial representation of major oil servicecompanies including Wood Group, Technip, Subsea 7, AMEC and Petrofac to name buta few.

The local economy also benefits from other industries including traditional sectors suchas agriculture, fishing and construction, together with a substantial professional andfinancial service community.

Aberdeen makes a significant contribution to the Scottish economy. Whilst representingonly 4% of the population, over 30% of the Country’s GDP and 22% of the globalexports emanate from the City. Unemployment is running at a low rate of 2.2%compared with the national average of 8.5%.

The City enjoys excellent communications with an international airport, a major port andmain rail network connections. The A90 dual carriageway provides rapid road links toDundee, Edinburgh and Glasgow.

MAJOR RESIDENTIAL DEVELOPMENTOPPORTUNITY

FOR SALE

• SITE EXTENDS TO

APPROXIMATELY 93

HECTARES (229 ACRES)

• SITE IDENTIFIED IN

ABERDEEN LOCAL

DEVELOPMENT PLAN AS

OP30 FOR

CONSTRUCTION OF 1,940

HOUSES

• PROPOSALS ARE INVITED

VIEWING & FURTHER INFORMATION

By arrangement with sole agents:

J & E ShepherdChartered Surveyors35 Queens RoadAberdeenAB15 4ZN

Tel : (01224) 202800Fax : (01224) 202802

www.shepherd.co.uk

BUCKSBURN, ABERDEEN

HOUSING MARKET

As might be expected the affluence enjoyed by the

City has translated into sustained activity in the

residential property market. Developers are reporting

high sales rates at the various sites within Aberdeen.

The average price of housing in the City increased by

1.7% during 2011 compared to a fall in prices in

Scotland of 2.6% and 2.8% in the UK overall.

LOCATION

The subject site is situated adjacent to Bucksburn on

the north west periphery of the City.

The location has immediate access to the A96 dual

carriageway which in turn links in to the main arterial

road system serving the City.

Excellent retail, health and education facilities are

available within the vicinity.

DESCRIPTION

The subjects comprise agricultural land which has been

laid to both grazing and crops. The site generally falls

from south to north. As a result some sections of the

site are elevated affording views over the surrounding

area.

The site itself extends to approximately 93 hectares

(229 acres) or thereby.

PLANNING

The site has been identified in the Aberdeen Local

Development Plan as OP30 being a site identified for

the construction of 1,940 houses.

The Plan indicates that a phased release of housing is

to occur with some 1,000 homes up to 2016 and a

further 700 homes released in the period 2017 to

2023. The remaining 240 homes will be released in

the period 2024 to 2030.

PROPOSAL

Proposals are invited from parties interested in

pursuing an acquisition of the subject site.

The University of Aberdeen are prepared to consider a

variety of approaches to the disposal of the site

including clean offers, phased drawdown, initial

payments and profit share or other mechanisms.

FURTHER INFORMATION PACK

A further information package is available for the site.

This is available upon request.

CLOSING DATE

It is anticipated a closing date will be held in due

course. Consequently parties are invited to note their

interest.

Parties interested will require to provide a submission

which addresses a variety of queries. A copy of the

questionnaire will be provided at the time of the

notification of the closing date.

FURTHER INFORMATION

For further information please contact Chris Grinyer at

the sole selling agents,

J & E Shepherd

Chartered Surveyors

35 Queens Road

Aberdeen

AB15 4ZN

E-mail: c.grinyer@shepherd.co.uk

Tel: 01224 202800

Fax: 01224 202802

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J & E Shepherd for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars and plan are set out as a general outline only for the guidance of intendingpurchasers or lessees, and do not constitute, nor constitute part of, an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other detailsare given in good faith and are believed to be correct at the date of first issue but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselvesby inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of J & E Shepherd has any authority to make or give any representation or warranty whatever in relation to thisproperty; (iv) all prices and rentals are quoted exclusive of VAT unless otherwise stated. Prospective purchasers/lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

J & E Shepherd, Commercial Department, 35 Queens Road, Aberdeen, AB15 4ZN, Tel: 01224 202 800www.shepherd.co.uk

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