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478-484 Union St
2,150 SF Office/Retail Unit Offered at £375,000 in Aberdeen AB10 1TS
Investment Highlights
- Very prominent city centre location.
- Large glazed frontage.
- Great footfall area.
Executive Summary
The property comprises a mixed use building which provides retail accommodation on the ground floor. The property is located on the north side of Union Street, close to Holburn Junction. The property benefits from excellent frontage on to Union Street, the main retail thoroughfare in Aberdeen. Aberdeen is Scotland's third city with a population of approximately 220,000. It is located on the east of the country and benefits from excellent motorway access to Edinburgh, Glasgow and Scotland's central belt via the A90 and to the north via the A96 and the A92.
Property Facts
| Price | £375,000 | Building Class | B |
| Unit Size | 2,150 SF | Number of Floors | 4 |
| No. Units | 1 | Typical Floor Size | 1,525 SF |
| Total Building Size | 7,810 SF | Year Built | 1921 |
| Property Type | Office (Unit) | Lot Size | 0.06 AC |
| Sale Type | Investment | Parking Ratio | 1.79/1,000 SF |
| Price | £375,000 |
| Unit Size | 2,150 SF |
| No. Units | 1 |
| Total Building Size | 7,810 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 4 |
| Typical Floor Size | 1,525 SF |
| Year Built | 1921 |
| Lot Size | 0.06 AC |
| Parking Ratio | 1.79/1,000 SF |
1 Unit Available
Unit 478-484
| Unit Size | 2,150 SF | Sale Type | Investment |
| Price | £375,000 | Tenure | Freehold |
| Price Per SF | £174.42 | Net Initial Yield | 12.29% |
| Unit Use | Office/Retail | NOI | £46,087.50 |
| Unit Size | 2,150 SF |
| Price | £375,000 |
| Price Per SF | £174.42 |
| Unit Use | Office/Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 12.29% |
| NOI | £46,087.50 |
Description
The space comprises separated retail and office units on the ground floor of a four storey granite building. The three upper floors have been converted to residential accommodation. The first ground floor unit is currently configured to provide a reception foyer, cellular office accommodation/consulting rooms, tea prep and WC facilities. The second ground floor unit is currently configured as a dry cleaners.
Sale Notes
Offers over £375,000 excluding VAT are sought for our client’s heritable interest in the building. A purchase at this level would show an attractive net initial yield of 12.29% after deduction of purchaser’s costs and LBTT.
Amenities
- Raised Floor
- Storage Space
- Central Heating
- Suspended Ceilings
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Ken Shaw -
Daniel Stalker -
Ryden
Presented by
478-484 Union St
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