Ruby House Ruby Lane, Aberdeen, Aberdeenshire, AB10 1ZP

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).

Location
Ruby House is located in a mixed residential and business location in the heart of Aberdeen City Centre in close proximity to the newly refurbished Union Terrace Gardens. It is around 250m to the north of Union Street, the main retail thoroughfare within Aberdeen. The location of the property allows for easy access to all the amenities contained within the City Centre including schooling, shopping and various cultural venues including a theatre, art gallery and library all within 500m of Ruby House. Ruby House is within the catchment for Gilcomstoun Primary School, and Aberdeen Grammar School for secondary education.

Aberdeen is considered the Energy Capital of Europe and is Scotland's third city with a population of circa 225,000 and a catchment in excess of 500,000. The city has a thriving student population, in the region of 22,000, being home to two universities. 47% of the city centre population is aged between 26 and 40. In recent times Aberdeen has seen a 50% reduction in available rental properties resulting in a significant 13% rise in rentals between Q1 2022 and Q2 2023 (Citylets).