Timed Online Auction

23 September 2021, 10am-3pm

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  • TypeLand
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 0

Description

Full Address:  Unique Site off Holburn Street, Aberdeen, AB10 7GX

PRIME ADVERTISING SITE on busy main Route. Located in a highly sought after residential area. Previously had a JCDecaux Advertising Billboard but now cleared. Situated bordering Iceland Car park

The site is rectangular in shape and is placed in an ideal location beside a car park. Land extends to 592 sq ft (55 sq m ) *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY ***

NEW ENTRY - Prime Advertising Site. Very prominent location at Holburn street Aberdeen. Part of the site is rented for 600 to Iceland to allow their air conditioning units to overhang.

Sure to appeal to investors looking to diversify their portfolio. Land would attract a rental of 250 pw for the right tenant. ** HIGH YIELDING INVESTMENT OPPORUNITY ONCE FULLY LET **

The city of Aberdeen is the main business and enterprise hub in the North East of Scotland approximately 65miles North of Dundee with extensive investment in education and enterprise.

PRIME ADVERTISING SITE on busy main Route. Located in a highly sought after residential area. Previously had a JCDecaux Advertising Billboard but now cleared. NEW ENTRY - Prime Advertising Site. Very prominent location at Holburn street Aberdeen. Part of the site is rented for 600 to Iceland to allow their air conditioning units to overhang. EXCELLENT SITE. PROMINENT SPOT FOR ADVETISING AS BORDERING ICELAND CAR PARK AND OFF A BUSY ROAD. Sure to appeal to investors looking to diversify their portfolio. Land would attract a rental of 250 pw for the right tenant. ** HIGH YIELDING INVESTMENT OPPORUNITY ONCE FULLY LET ** The site is rectangular in shape and is placed in an ideal location beside a car park. Land extends to 592 sq ft (55 sq m ) *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY *** Seller open to early offers.

The city of Aberdeen is the main business and enterprise hub in the North East of Scotland approximately 65miles North of Dundee with extensive investment in education and enterprise. The city has a population of 197,000 with further catchment of 200,000 in Aberdeenshire. Neighbouring occupiers include The Brig O Dee Bar, Asda Supermarket, McDonalds, Boots and residential dwellings.

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Tenancy Details

Type of Agreement: Basic Lease
Length: 10 years
Rent: 600 per year / 50 per month
Yield: 3% (approx)
Tenant: Company
Notes: Iceland have a lease on 50% of the land to allow their air conditioning units to overhang, leased at 600pa.

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Location

Pricing Information & Bidding

Opening Bid: £14,000

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 = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 23 September 2021, 10am-3pm
Type: Timed Online Auction

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