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Investment

Investment For Sale Aberdeen

PROPERTY ID: 132393

PROPERTY TYPE

Investment

STATUS

Available

SIZE

1,826-3,694 sq.ft

Key Features

Retail/restaurant investment
Located on one of Aberdeen's major thoroughfares
Let at a rent of £34,000 per annum until 01/01/2033
Tenant has fitted out the premises
Offers over £300,000 exc VAT, reflecting a net initial yield of 10.97%

Property Details

The property is located at the southern end of King Street, one of Aberdeen's main thoroughfares. Positioned in the heart of Aberdeen, it is just 100 metres from Union Street and is surrounded by a variety of retail occupiers. Notable nearby occupiers include: La Lombarda Restaurant, McPherson Optometry, Wetherspoons and Siam Cottage.

The Property Comprises Two Self-contained Ground Floor Retail Units, Within A Four Storey Building Of Granite Construction With A Slate Covered Roof. The Details Of Each Units Are As Follows: 22 King Street - A Ground Floor And Basement Retail Unit That Has Class 3 Consent. The Ground Floor Is Fitted Out As A Restaurant And Has 34 Covers At The Front, While The Kitchen And Toilets Are Located To The Rear. Overhead Air Conditioning Units Provide Heating. The Basement, Accessible Externally From The Rear, Offers Ample Storage Space For Stock. 24 King Street - A Ground Floor Retail Unit That Has Class 3 Consent. The Ground Floor Is Fitted Out As A Restaurant With 62 Covers To The Front And A Bar, With The Kitchen And Toilets Located To The Rear. Overhead Air Conditioning Units Provide Heating.

About the Agent

Graham & Sibbald-Aberdeen

See Agent's Other Properties

Investment Unit

£300,000 Freehold

22-24 King Street, Aberdeen, AB24 5AX
Investment - Available
1,826-3,694 sq ft
170-343 sqm
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