Tenanted Commercial LOT 129

12 King Street, Aberdeen, AB24 5AX
BIDDING OPENS in...
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Description

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

TENANTED INVESTMENT PROPERTY*** Large tenanted commercial unit located within Aberdeen Town Centre. IMMEDIATE RENTAL INCOME - £12,600 Per Annum.

SUBSTANTIAL ground floor commercial premises extending to approx. 1191.56 sq.ft (110.70 sq.m).

IMMEDIATE RENTAL INCOME - £12,600 Per Annum. EXCELLENT TRADING LOCATION in BUSY Aberdeen town centre.

Super location with high levels of passing trade. Excellent Investment Opportunity***

Aberdeen is located approximately 180 km (125 miles) north of Edinburgh and 210 km (145 miles) north east of Glasgow.

TENANTED INVESTMENT PROPERTY*** Large tenanted commercial unit located within Aberdeen Town Centre. IMMEDIATE RENTAL INCOME - £12,600 Per Annum. SUBSTANTIAL ground floor commercial premises extending to approx. 1191.56 sq.ft (110.70 sq.m). IMMEDIATE RENTAL INCOME - £12,600 Per Annum. EXCELLENT TRADING LOCATION in BUSY Aberdeen town centre with high volumes of passing trade. Aberdeen is located approximately 180 km (125 miles) north of Edinburgh and 210 km (145 miles) north east of Glasgow.

Aberdeen is located approximately 180 km (125 miles) north of Edinburgh and 210 km (145 miles) north east of Glasgow. The city benefits from excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness. In addition, the city is connected to the national rail network with direct services to London Kings Cross. Aberdeen International Airport is approximately 9.6 km (6 miles) north-west of the city centre and is used by around 3 million passengers a year for scheduled and charter holiday flights. Aberdeen is one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities with innovative industries, excellent academic and research capabilities and a highly skilled workforce. Alongside continued investment in energy, life sciences, tourism and hospitability, food, drink and agriculture, digital and the creative sectors are industries on the rise.

Full Address: 12 King Street, Aberdeen, AB24 5AX

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: £12,600 per year / £1,050 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £111,000

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.

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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.

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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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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.

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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