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Description

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

*** EXCELLENT TENANTED COMMERCIAL INVESTMENT ***HIGH SPEC FIT OUT, Let To Private Retailer with an annual rent of £12,000, Property is approx. 253.5 SQ M or thereby, consists of Ground & BASEMENT.

Occupiers in the vicinity include Primark, , Poundworld, Sport Direct, CEX, The British Heard Foundations. A Vue Cinema is close by as are a number of bars and restaurants.

TENANTED INVESTMENT OPPORTUNITY*** Currently LET on rolling LEASE at £12,000 Per Annum. TENANT IN SITU HAPPY TO STAY.

Property benefits from a rateable value of £26,000 and covers the ground floor, basement with storage. Total area is 253sq m.

Aberdeen is located approx. 125 miles north of Edinburgh and 145 miles north east of Glasgow. Excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness.

*** EXCELLENT TENANTED COMMERCIAL INVESTMENT ***HIGH SPEC FIT OUT, Let To Private Retailer with an annual rent of £12,000, Property is approx. 253.5 SQ M or thereby, consists of Ground & BASEMENT. Occupiers in the vicinity include Primark, , Poundworld, Sport Direct, CEX, The British Heard Foundations. A Vue Cinema is close by as are a number of bars and restaurants. TENANTED INVESTMENT OPPORTUNITY*** Currently LET on rolling LEASE at £12,000 Per Annum. TENANT IN SITU HAPPY TO STAY. Property description The shop forms part of a four storey, basement and attic, mid-terraced tenement building of traditional granite block construction under a pitched and slated roof. To the rear of the tenement lies a single storey extension of granite construction with a flat mineral felt covered roof. There is a full width aluminium framed display frontage with recessed doorway and signage above. Internal finishes generally comprise lino covered timber floors, painted plasterboard walls and ceilings and a mixture of spot and fluorescent strip lighting. A fixed stair leads down to the front basement area where three toilets and an office are situated. There is a further storage basement to the rear with trapdoor access. NIA - 274.1 Sq. m (2,949 Sq. ft) approx. Class 1 retail unit (formerly Class 3) Excellent pedestrian flow Central LOCATION. The building is opted for VAT.

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.

Full Address: 25 Union Street Tenanted Investment, Aberdeen, AB11 5BP

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Tenancy Details

Type of Agreement: Basic Lease
Length: Rollng
Rent: £12,000 per year / £1,000 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes:

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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).

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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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Auction Details

Date & Time: 23 January 2025, 10am-3pm
Type: Timed Online Auction

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