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Investment

Investment For Sale Aberdeen

PROPERTY ID: 124303

PROPERTY TYPE

Investment

STATUS

Available

SIZE

3,960 sq.ft

Key Features

Includes well established restaurant 8848
Takeaway on Langstane Place
Offers in the region of £425,00 exc.
Net Initial Yield of 11.30% on contractual rent
Total contracted rent of £50,000 per annum

Property Details

Aberdeen is Scotland's third largest city with a population of approximately 220,000 and a regional catchment population of over 500,000. Its status as the Energy Capital of Europe has been established for over 40 years and this is set to continue with a new wave of investment into all types of renewable energy, utilising its skilled workforce and onshore/offshore infrastructure. The property is located on the north side of Union Street, the city's principal retail thoroughfare, occupying a prominent position West of Bon Accord Street. This is an established location with several bars and restaurants trading at this side of Union Street, with significant footfall generated from nearby major office developments. Other businesses within the vicinity of the subjects include Soul Bar, Pret A Manger, Vovem, Six by Nico, Pizza Express, Amarone and Cafe Andaluz.

Aberdeen Is Scotland's Third Largest City With A Population Of Approximately 220,000 And A Regional Catchment Population Of Over 500,000. Its Status As The Energy Capital Of Europe Has Been Established For Over 40 Years And This Is Set To Continue With A New Wave Of Investment Into All Types Of Renewable Energy, Utilising Its Skilled Workforce And Onshore/offshore Infrastructure. The Property Is Located On The North Side Of Union Street, The City's Principal Retail Thoroughfare, Occupying A Prominent Position West Of Bon Accord Street. This Is An Established Location With Several Bars And Restaurants Trading At This Side Of Union Street, With Significant Footfall Generated From Nearby Major Office Developments. Other Businesses Within The Vicinity Of The Subjects Include Soul Bar, Pret A Manger, Vovem, Six By Nico, Pizza Express, Amarone And Cafe Andaluz. 347 Union Street The Subjects Are Arranged Over Basement, Ground Floor And First Floors And Currently Trading As An Indian And Nepalese Restaurant Known As 8848. The Property Benefits From Large Display Windows Fronting Union Street With A Central Access Door. The Ground Floor Is Configured To Accommodate The Main Dining Area Providing Approximately 50 Covers, Together With A Waiting Area, Bar Servery And Kitchen Towards The Rear. The First Floor Is Accessed From The Restaurant And Provides Storage Accommodation, Together With A Function Room With A Small Bar Servery And Male And Female Customer Wc Facilities. The Basement Is Configured To Provide A Cellar, Stores, Small Office And More W.c's. 48 Langstane Place The Subjects Comprise A Ground Floor Hot Food Takeaway Unit Contained Within A Three Storey, Attic And Basement Tenement Of Traditional Pointed Stone Construction, Held Under A Pitched Slate Roof. The Unit Trades As Chillis Takeaway And Is Configured To Provide A Small Servery To The Front And Kitchen To The Rear.

About the Agent

Graham & Sibbald-Aberdeen

See Agent's Other Properties

Investment Unit

£425,000 Freehold

Union Street And 48 Langstane Place, Aberdeen, AB11 6BS
Investment - Available
3,960 sq ft
368 sqm
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