Tenanted Commercial LOT 518

1-2 Riverside Drive, Aberdeen, AB11 7LH
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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

*** LARGE DETACHED COMMERCIAL BUILDING WITH SEPARATE WITH PARKING IN PROMINENT LOCATION*** POTENTIAL FOR ASSET MANAGEMENT LETTING OR RESALE***

Detached commercial premises comprising. Basement, 1430 sq feet. Ground floor, 1452 sq feet. 1st floor, 1173 sq feet. 2nd floor, 1162 sq feet Archway unit, 446 sq feet. Total floorspace 5663 sq feet.

***The ground floor is currently occupied by Private gym with rental figure of £10,000 pa. The lease is about to renew on a 2 year flexible basis with 2 month break available to either party***

***Located in a prominent position on the main A945 Riverside Drive running through the city of Aberdeen.*** Mix of luxury flats and office space surround the property***

***Massive potential to develop the site. Potential to asset manage the site to full occupancy or develop for alternative uses*** *** Desirable riverside position***

*** LARGE DETACHED COMMERCIAL BUILDING WITH SEPARATE WITH PARKING IN PROMINENT LOCATION*** POTENTIAL FOR ASSET MANAGEMENT LETTING OR RESALE*** Detached commercial premises comprising. Basement, 1430 sq feet. Ground floor, 1452 sq feet. 1st floor, 1173 sq feet. 2nd floor, 1162 sq feet Archway unit, 446 sq feet. Total floorspace 5663 sq feet. ***The ground floor is currently occupied by Private gym with rental figure of £10,000 pa. The lease is about to renew on a 2 year flexible basis with 2 month break available to either party*** ***Located in a prominent position on the main A945 Riverside Drive running through the city of Aberdeen.*** Mix of luxury flats and office space surround the property*** ***Massive potential to develop the site. Potential to asset manage the site to full occupancy or develop for alternative uses*** *** Desirable riverside position*** ***Neo House business centre is located nearby with rental space available at £78 per square foot. Substantial commercial premises, partly let with massive potential to enhance through asset management or develop the site, subject to planning. The property occupies a desirable riverside position with attractive aspect. Located within a mix of high end residential apartments and office accommodation. Close to Aberdeen City Centre and all main attractions. The property is exempt from VAT.

This property enjoys a superb location close to City Centre business hub. There are excellent public transport facilities which allow easy commuting to other areas of the city. The city of Aberdeen is the main business and enterprise hub in the North East of Scotland approximately 65miles North of Dundee with extensive investment in education and enterprise. The city has a population of 197,000 with further catchment of 200,000 in Aberdeenshire.

Full Address: 1-2 Riverside Drive, Aberdeen, AB11 7LH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2
Rent: £10,000 per year / £833 per month
Yield: 5% (approx)
Tenant: Company
Notes: 2 year lease with 2 month break available to either party.

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Pricing Information & Bidding

Opening Bid: £213,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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