Lot
081
Auction Ends: 27/03/2024 14:27 - Bidding opens Tuesday 26th March 10:00 AM

City Point, Chapel Street, Aberdeen, Aberdeenshire, AB10 1XZ

Property Details
Location
Auction Details
Description
A prime retail investment opportunity comprising five ground floor retail units set underneath a residential scheme of apartments. Three of the units are let and producing an annual rental income of £42,536 with further scope to increase the rental income following occupation of the two vacant units. We anticipate the overall achievable rent to be approximately £75,000 - £80,000 per annum.
Location
The units span the corner of Chapel Street and Thistle Street situated just off Union Street, one of the main arterial routes through the City Centre. A variety of offices, hotels, bars and restaurants lie within the immediate vicinity including a number of national and independent retailers. A number of public transport facilities are accessible within walking distance including the main train station approximately a 15 minute walk away.
Tenancy

AddressTenantRent (per annum)Notes
11 Chapel Street

Vacant
13 Chapel Street

Vacant
15 Chapel StreetAlmondine£13,256Includes storage area & 1 x parking space. Tenancy dated 21.09.2020 for 5 years
1a Thistle StreetIndividuals£15.880Includes 3 x parking spaces. Tenancy dated 30.10.2019 for a period of 5 years 
1b Thistle StreetSpexy£13,500Tenancy dated 08.01.2024 for 5 years 

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH MARCH AND CLOSES ON WEDNESDAY 27TH MARCH.

3. Energy Performance Certificate = TBC.

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