Offers in region of
£140,000
(£158.91/sq. ft)
Retail premises for saleCastle Street, Aberdeen AB11
881 sq. ft
Just added
About this property
• Passing rent £8,500 per annum
• Strong reversionary rent potential
• Offers over £140,000
• niy 5.96%
Location
The property is located on the north side of Castle Street within the Castlegate area of Aberdeen City Centre. Union Street, Aberdeen’s principal commercial throughfare is a short distance to the west. The surrounding area is a mixture of commercial and residential with nearby occupiers including a Premier Convenience Store, Grade A barbers and the Castle Bar.
Description
The subjects comprise a category B listed mid-terraced retail unit forming the ground floor of a 4 storey and attic building of stone construction under a pitched and slated roof.
Internally the property provides sales area to the front with store room and wc to the rear. The property benefits from a large display frontage.
Floor areas
The subjects provide the following net internal floor areas, measured in accordance with the RICS Code of Measuring Practice (Sixth Edition)
Ground Floor 81.87 sq m (881 sq ft)
Lease terms
The property is leased to Yiu Jong Lee until 16th Juen 2026 at a passing rent of £8,500 per annum. There are no further rent reviews. The tenants repairing obligations are restricted by a schedule of condition. A copy of the lease and schedule of condition are available on request.
Price
Offers over £140,000 are invited for our clients heritable interest in the subjects reflecting a Net Initial Yield of 5.96% after deduction of standard purchasers costs.
Tenure
Heritable
Rating assessment
The valuation role shows a rateable value of £9,400 with effect from 1st April 2023.
The Uniform Business Rate for the year 2025/2026 is 49.8p in the £. Water and waste water rates are also payable.
Energy performance certificate
The property has an EPC rating of tbc.
Full documentation is available upon request.
VAT
Any price quoted is exclusive of VAT which may be applicable.
Entry
On conclusion of all legalities
Offers / viewing
All offers should be submitted in writing to the sole agents who will also make arrangements to view.
• Strong reversionary rent potential
• Offers over £140,000
• niy 5.96%
Location
The property is located on the north side of Castle Street within the Castlegate area of Aberdeen City Centre. Union Street, Aberdeen’s principal commercial throughfare is a short distance to the west. The surrounding area is a mixture of commercial and residential with nearby occupiers including a Premier Convenience Store, Grade A barbers and the Castle Bar.
Description
The subjects comprise a category B listed mid-terraced retail unit forming the ground floor of a 4 storey and attic building of stone construction under a pitched and slated roof.
Internally the property provides sales area to the front with store room and wc to the rear. The property benefits from a large display frontage.
Floor areas
The subjects provide the following net internal floor areas, measured in accordance with the RICS Code of Measuring Practice (Sixth Edition)
Ground Floor 81.87 sq m (881 sq ft)
Lease terms
The property is leased to Yiu Jong Lee until 16th Juen 2026 at a passing rent of £8,500 per annum. There are no further rent reviews. The tenants repairing obligations are restricted by a schedule of condition. A copy of the lease and schedule of condition are available on request.
Price
Offers over £140,000 are invited for our clients heritable interest in the subjects reflecting a Net Initial Yield of 5.96% after deduction of standard purchasers costs.
Tenure
Heritable
Rating assessment
The valuation role shows a rateable value of £9,400 with effect from 1st April 2023.
The Uniform Business Rate for the year 2025/2026 is 49.8p in the £. Water and waste water rates are also payable.
Energy performance certificate
The property has an EPC rating of tbc.
Full documentation is available upon request.
VAT
Any price quoted is exclusive of VAT which may be applicable.
Entry
On conclusion of all legalities
Offers / viewing
All offers should be submitted in writing to the sole agents who will also make arrangements to view.
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