Tenanted Commercial LOT 15

67-71  The Green, Aberdeen, AB11 6NY
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Description

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

INCOME PRODUCING INVESTMENT Ground floor commercial unit set within a 3 storey mixed use development. Let on a FRI lease with 4 years remaining producing £28,500 per annum. CITY CENTRE LOCATION.

Internally the property is presented in an open plan retailing layout with partitioned stores and w.c to the rear. Ground: 240.8sqm (2,592sq ft) Bsm: 165.5sqm (1,781sq ft) Total: 406.3sqm (4,373sq ft

The property is let to KG Music Ltd t/a Kenny’s Music at a passing rent of £28,500p.a expiring February 2029. Kenny's is Aberdeen's go-to shop for New or Pre-Owned instruments in the city.

CITY CENTRE LOCATION Let to a hugely Popular Business. Well Located Within Aberdeens Nightlife Venue Hotspots.

The Green is a historic yet evolving area, offering a mix of city-centre convenience, cultural heritage, and independent businesses. Close to Union Square Shopping Centre.

INCOME PRODUCING INVESTMENT Ground floor commercial unit set within a 3 storey mixed use development. Let on a FRI lease with 4 years remaining producing £28,500 per annum. CITY CENTRE LOCATION. Internally the property is presented in an open plan retailing layout with partitioned stores and w.c to the rear. Ground: 240.8sqm (2,592sq ft) Bsm: 165.5sqm (1,781sq ft) Total: 406.3sqm (4,373sq ft The property is let to KG Music Ltd t/a Kenny’s Music at a passing rent of £28,500p.a expiring February 2029. Kenny's is Aberdeen's go-to shop for New or Pre-Owned instruments in the city. CITY CENTRE LOCATION Let to a hugely Popular Business. Well Located Within Aberdeens Nightlife Venue Hotspots. The Green is a historic yet evolving area, offering a mix of city-centre convenience, cultural heritage, and independent businesses. Close to Union Square Shopping Centre.

The Green is a historic and vibrant area in the heart of Aberdeen city centre, known for its cobbled streets, independent businesses, and rich heritage. It’s a hidden gem, tucked away just off Union Street, and offers a mix of cafés, restaurants, boutique shops, and cultural attractions. City Centre Location: The Green is centrally positioned, making it a convenient spot for both residents and visitors close to Aberdeen Train and Bus Stations, providing excellent transport links across Scotland. Regular bus services run from Union Street to various parts of Aberdeen and beyond.

Full Address: 67-71  The Green, Aberdeen, AB11 6NY

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 4 Years
Rent: £28,500 per year / £2,375 per month
Yield: 12% (approx)
Tenant: Company
Notes: Held on F.R.I Lease - Expiry February 2029 - Passing Rent: £28,500p.a.

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Pricing Information & Bidding

Opening Bid: £243,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 27 March 2025, 10am-3pm
Type: Timed Online Auction

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