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Description
***IMMEDIATE INCOME INVESTMENT***Let Sainsbury's investment 100% PRIME LOCATION within Aberdeen TOWN CENTRE facing the main shopping complex. passing rent is £69,197 per annum. Total: 412sqm
The asset is let on a 15 year lease exp 3rd July 2029 with a tenant extension clause for a further 10years. total passing rent £69,197 per annum. Potential increase in rent in 2029 to £88,314
The property comprises the ground and basement floors of a 5 storey traditional granite development with residential dwellings at upper floors under separate ownership.
The property extends to the following internal areas Ground: 191sqm (2,056sq ft) Bsm: 221sqm (2,379sq ft) Total: 412sqm (4,435sq ft) The property has been extensively renovated by the tenant.
EXCELLENT LOCATION Facing union Square Shopping Centre is directly adjacent to Guild Street — one of Scotland’s largest retail and leisure complexes with 60+ shops, 15+ restaurants and a cinema
***IMMEDIATE INCOME INVESTMENT***Let Sainsbury's investment 100% PRIME LOCATION within Aberdeen TOWN CENTRE facing the main shopping complex. passing rent is £69,197 per annum. Total: 412sqm Facing ABERDEEN TRAIN STATION closest Convenience store to the train station entrance. ****Potential increase in rent in 2029 to £88,314 per annum (maximum increase) minimum increase £72,726 PER ANNUM. Therefore excellent scope for growth in rent. Facing ABERDEEN TRAIN STATION closest Convenience store to the train station entrance. **** Tenant: Sainsburys. The asset is let on a 15 year lease expiring 3rd July 2029 with a tenant extension clause for a further 10years. The total passing rent is £69,197 per annum. The property comprises the ground and basement floors of a 5 storey traditional granite development with residential dwellings at upper floors under separate ownership. The property extends to the following internal areas Ground: 191sqm (2,056sq ft) Bsm: 221sqm (2,379sq ft) Total: 412sqm (4,435sq ft) The property has been extensively renovated by the tenant. EXCELLENT LOCATION Union Square Shopping Centre is directly adjacent to Guild Street — one of Scotland’s largest retail and leisure complexes with 60+ shops, 15+ restaurants and a cinema
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 15 Years
Rent: £69,197 per year / £5,766 per month
Yield: 9% (approx)
Tenant: Company
Notes: The asset is let on a 15 year lease expiring 3rd July 2029 with a tenant extension clause for a further 10years. The total passing rent is £69,197 per annum. The lease has 5 yearly CPI linked rent reviews, collared and capped at 1% and 5%, compounded annually.
Maps & Location
Map Street View SatelliteGuild Street is a main street in Aberdeen’s city centre, known for its proximity to the harbor and its role as a transportation and commercial hub. Aberdeen Railway Station is located just 170 meters from Guild Street, it’s the main railway station in Aberdeen and the busiest in Scotland north of Edinburgh and Glasgow. It connects Aberdeen to major cities and regional destinations. Scotland’s second-largest shopping centre, Union Square is located on Guild Street, opened in 2009 at a cost of £250 million. It features a wide range of retail stores (e.g., New Look, Pandora, Next, FatFace, The North Face), dining options (e.g., Pizza Express, Wingstop, Starbucks), and a cinema (Cineworld). Other neighbouring occupiers include the Tivoli Theatre, a historic theatre at 34-48 Guild Street, originally opened in 1872 as Her Majesty’s Opera House. It’s a listed building and a cultural landmark. Custom House, located at 28 Guild Street, this is another historic building, with plans for conversion into flats or a hotel in recent years. Marywell Healthcare Centre (560 yards) and Aberdeen Community Health and Care Village (630 yards) are nearby, providing accessible medical services. Hanover Street School (primary, 710 yards) and Aberdeen Grammar School (secondary, 0.7 miles) serve the area.
Document Downloads
Pricing Information & Bidding
Opening Bid: £797,000
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Terms & Conditions of Sale
- 5% Deposit (Minimum £3,000)
- 8 Weeks Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 54Guild Street, Let Sainsburys investment, Aberdeen