BIDDING OPENS in...

Description

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

INCOME PRODUCING INVESTMENT*** Retail Unit over ground, first floor and basement in EXCELLENT TRADING POSITION.Let to Chaiiwala producing £20,000 per annum with 7 years unexpired.

Held in a Renfield repairing and shooting head lease expiring 19 May 2034 at a current passing rent of £20,000 per annum. The tenant has an option to determine on the 19th of May 2029

Property offers a dual frontage with entrance doors lead to a primarily open plan retailing space with customer seating. Partitions to the rear to create staff facilities, WC facilities and stores.

The tenant also utilities basement and first floors for further storage space and capability for expansion. Ground: 129.8sqm (1,397sq ft) Bsm:73.9sqm (795sq ft) 1st: 132.1sqm (1,422sq ft)

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £20,000 PER ANNUM

INCOME PRODUCING INVESTMENT*** Retail Unit over ground, first floor and basement in EXCELLENT TRADING POSITION.Let to Chaiiwala producing £20,000 per annum with 7 years unexpired. Held in a Renfield repairing and shooting head lease expiring 19 May 2034 at a current passing rent of £20,000 per annum. The tenant has an option to determine on the 19th of May 2029 Property offers a dual frontage with entrance doors lead to a primarily open plan retailing space with customer seating. Partitions to the rear to create staff facilities, WC facilities and stores. The tenant also utilities basement and first floors for further storage space and capability for expansion. Ground: 129.8sqm (1,397sq ft) Bsm:73.9sqm (795sq ft) 1st: 132.1sqm (1,422sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £20,000 PER ANNUM

Aberdeen is one of the fastest-growing cities in Scotland in recent years, driven by young professionals, international talent, and family in-migration. To this day it is still the undisputed energy capital of Europe – home to hundreds of oil & gas headquarters and a world-leading subsea engineering cluster. The city has seen a successful pivot into the energy transition: Aberdeen is now the UK’s largest hub for offshore wind (projects such as Seagreen, Neart na Gaoithe and the huge ScotWind leasing round), green hydrogen, carbon capture (Acorn CCS project), and floating wind innovation. Investment into the city includes the Aberdeen Harbour South expansion (one of Europe’s largest harbour projects) along with New Aberdeen Exhibition & Conference Centre with a wider £1 bn+ city-centre masterplan (new offices, homes, retail, public spaces). The city has Booming tech and digital cluster – OGTC (Net Zero Technology Centre), ONE CodeBase hub, and hundreds of energy-tech start-ups.

Full Address: 229 Union Street, Chaiiwala, Aberdeen, AB11 6BQ

Show More

Map & Location

Map   Street View   Satellite

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £20,000 per year / £1,667 per month
Yield: 12% (approx)
Tenant: Company
Notes: Held in a Renfield repairing and shooting head lease expiring 19 May 2034 at a current passing rent of £20,000 per annum. The tenant has an option to determine on the 19th of May 2029

Document Downloads

  Legal Docs (Pending)

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £170,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • 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

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Auction Details

Date & Time: 23 July 2026, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue