Tenanted Commercial LOT 11

122a Union Street, Aberdeen, AB10 1JJ
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Description

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

INCOME PRODUCING INVESTMENT** Ground floor retail unit with basement. Prime City Centre Location. TENANTED Held on a FRIL with 4 years unexpired currently producing £25,000 per annum.

The property is held on a full repairing and insuring head lease to Adams Watch Specialists Ltd expiring September 2029 at a passing rent of £25,000p.a.

The property has been calculated to extend to the following area; Ground: 48.49sqm (522sq ft) Basement: 33.17sqm (357sq ft) Total: 81.66sqm (879sq ft)

Internally the property is beautifully presented with an open plan layout. Tea prep area, w.c facilities and stores are also within the property to the rear along with a basement.

IDEAL LOCATION Occupiers in the vicinity include Primark, Barclays, HMV, Poundland, KFC and Lakeland. A Travelodge is close by as are a number of bars and restaurants

INCOME PRODUCING INVESTMENT** Ground floor retail unit with basement. Prime City Centre Location. TENANTED Held on a FRIL with 4 years unexpired currently producing £25,000 per annum. The property is held on a full repairing and insuring head lease to Adams Watch Specialists Ltd expiring September 2029 at a passing rent of £25,000p.a. The property has been calculated to extend to the following area; Ground: 48.49sqm (522sq ft) Basement: 33.17sqm (357sq ft) Total: 81.66sqm (879sq ft) Internally the property is beautifully presented with an open plan layout. Tea prep area, w.c facilities and stores are also within the property to the rear along with a basement. IDEAL LOCATION Occupiers in the vicinity include Primark, Barclays, HMV, Poundland, KFC and Lakeland. A Travelodge is close by as are a number of bars and restaurants

The property is located within the heart of Union Street the City’s traditional commercial thoroughfare, in close proximity to the busy Union Street / Union Terrace junction and close to Union Terrace Gardens, currently benefitting from a circa £30M major regeneration. The City’s Shopping Centres are all within walking distance as are the rail and bus stations. Occupiers in the vicinity include Primark, Barclays, HMV, Poundland, KFC and Lakeland. A Travelodge is close by as are a number of bars and restaurants

Full Address: 122a Union Street, Aberdeen, AB10 1JJ

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 4 Years
Rent: £25,000 per year / £2,083 per month
Yield: 12% (approx)
Tenant: Company
Notes: The property is held on a full repairing and insuring head lease to Adams Watch Specialists Ltd expiring September 2029 at a passing rent of £25,000p.a.

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Pricing Information & Bidding

Opening Bid: £213,000

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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: 17 July 2025, 10am-3pm
Type: Timed Online Auction

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