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Lot 10

8-9 Bon Accord Crescent, Aberdeen, AB11 6DN

Guide Price: £1,045,000

Tenanted Freehold Commercial Offer Now Available


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Key Features:

PRIME INVESTMENT ON 10 YEAR LEASE £105,000 PER ANNUM TO ABERDEEN CONSIDIENE ***NOT VAT ELECTED*** LET TO THE FIRM OF ABERDEEN CONSIDIENE AND COMPANY FROM 29 MARCH 2019 UNTIL 31 DEC 2028. 10 YEAR FRI.


  • VAT FREE PROPERTY - Extend to: 594.5sqm (6,399sq ft). The subjects are let by way of a full repairing and insuring lease on the following terms: THE FIRM OF ABERDEEN CONSIDIENE AND COMPANY.
  • Potential Future Redevelopment Opportunity. • City Centre Location • Twin Town Houses • Dedicated Rear Parking. Aberdein Considine was launched in 1981 by Harvey Aberdein and Iain Considine.
  • The rear of the subjects benefit from large secure car parking accessible from Bon-Accord Terrace Lane via Old Mill Road. AC are Scotland's largest estate and leasing agent with a national network.
  • The location is favoured by a number of professional firms, residential and leisure uses The subjects comprise twin mid-terrace townhouses of traditional construction.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
Rateable Value

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Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 10 Years
Rent £105,000 per year / £8,750 per month
Yield 10.0% (at guide price)
Tenant Company
Notes: The subjects are let by way of a full repairing and insuring lease on the following terms: THE FIRM OF ABERDEEN CONSIDIENE AND COMPANY Passing Rent: £105,000p.a FROM 29 MARCH 2019 UNTIL 31 DEC 2028

Enhanced Buying Terms:


Lower Deposit 5%
- Standard Deposit is 10% of the sale price.
Longer Completion 8 Weeks
- Standard completion is 4 weeks from the auction date.



Full Details:

PRIME INVESTMENT ON 10 YEAR LEASE £105,000 PER ANNUM TO ABERDEEN CONSIDIENE ***NOT VAT ELECTED*** LET TO THE FIRM OF ABERDEEN CONSIDIENE AND COMPANY FROM 29 MARCH 2019 UNTIL 31 DEC 2028. 10 YEAR FRI LEASE BREAK OPTION YEAR 5. PRIME LOCATION. VAT FREE PROPERTY - Extend to: 594.5sqm (6,399sq ft). The subjects are let by way of a full repairing and insuring lease on the following terms: THE FIRM OF ABERDEEN CONSIDIENE AND COMPANY Passing Rent: £105,000p.a FROM 29 MARCH 2019 UNTIL 31 DEC 2028. Potential Future Redevelopment Opportunity. • City Centre Location • Twin Town Houses • Dedicated Rear Parking. Aberdein Considine was launched in 1981 by Harvey Aberdein and Iain Considine. The company is an award-winning law firm with 19 offices across Scotland and the north of England and more than 450 staff. They are Scotland's largest estate and leasing agent with a national network of high street branches, including in the key cities of Aberdeen, Edinburgh, Glasgow, Perth and Stirling. The subjects comprise twin mid-terrace townhouses of traditional construction surmounted by a pitched mansard style slate roof. Occupying basement, ground, 1st & Attic conversions, each of the subjects are accessed via a raised suspended concrete stair platform leading to the main doors. Internally, each of the subjects benefit from grand traditional spiral stair cases with high ceilings adding to the opulence and complimenting the tenants fit out of the subjects. The subjects are currently occupied by Aberdein Considine, with multiple office suites at ground, basement 1st and ancillary storage / office at attic floor’s. The subjects benefit from well presented tea prep area along with male and female w.c facilities.

Guide Price: £1,045,000 - Offer Now


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Offer Now Explained...

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.

Map & Location:


The property is located on the within the impressive Georgian crescent overlooking the Bon Accord Park only a few hundred yards south of Union Street, Aberdeen’s principle shopping thoroughfare. The location is favoured by a number of professional firms, residential and leisure uses. The subjects are situated on the East side of Bon Accord Terrace, South of its junction with Langstane Place and close to its junction with Union Street within Aberdeen’s City Centre.

Viewings:


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    17 March 2020, 7.00pm


  • Auction Location...

  • Glasgow Radisson

  • 301 Argyle Street, G2 8DL


View Map & Directions to the GLASGOW RADISSON >>


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form