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160-162 Union St - Leigh House 5,874 SF Office/Medical Condo Unit Offered at $637,323 in Aberdeen AB10 1QT
Investment Highlights
- Secure income from established dental operator
- Prominent Union Street city centre location
- 10-year FRI lease with upward-only review
Executive Summary
The property comprises a traditional mid-terraced granite building arranged over ground and four upper floors, under a pitched and slated roof. The subjects occupy the upper floors above a ground floor commercial unit, with a prominent elevation onto Union Street. Internally, the accommodation has been adapted to provide healthcare use, with a mix of cellular and open-plan areas, supported by ancillary and service spaces. The building is located within a well-established commercial pitch in Aberdeen city centre.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 9.60% |
| Sale Type | Investment |
| Cap Rate | 9.60% |
| Tenure | Freehold |
Description
The accommodation comprises the upper four floors of the building, fully fitted and operational as a modern dental clinic. The space includes multiple surgery and treatment rooms, sterilisation areas, X-ray facilities, reception and waiting areas, offices, staff facilities, kitchens and WCs. The layout is configured to support a high-volume clinical operation, with ancillary storage and plant space across upper levels.
Sale Notes
Investment sale of a fully income-producing dental clinic secured on a 10-year FRI lease, offering a net initial yield of 9.6% with fixed rental income and upward-only rent review provisions.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 160 | 5,874 SF | Office/Medical | $637,323 ($108.50/SF) | $61,183.03 |
Unit 160
| Unit Size |
| 5,874 SF |
| Condo Use |
| Office/Medical |
| Price |
| $637,323 ($108.50/SF) |
| NOI |
| $61,183.03 |
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Unit 160
| Unit Size | 5,874 SF |
| Condo Use | Office/Medical |
| Price | $637,323 ($108.50/SF) |
| NOI | $61,183.03 |
| Sale Type | Investment |
| Cap Rate | 9.60% |
| Tenure | Freehold |
| Description | |
| The accommodation comprises the upper four floors of the building, fully fitted and operational as a modern dental clinic. The space includes multiple surgery and treatment rooms, sterilisation areas, X-ray facilities, reception and waiting areas, offices, staff facilities, kitchens and WCs. The layout is configured to support a high-volume clinical operation, with ancillary storage and plant space across upper levels.</li></ul> | |
| Sale Notes | |
| Investment sale of a fully income-producing dental clinic secured on a 10-year FRI lease, offering a net initial yield of 9.6% with fixed rental income and upward-only rent review provisions.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,613 SF | Floors | 5 |
| Property Type | Office (Condo) | Typical Floor Size | 1,474 SF |
| Property Subtype | Medical | Year Built | 1800 |
| Building Class | B |
| Total Building Size | 10,613 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 1,474 SF |
| Year Built | 1800 |
Amenities
- Energy Performance Rating - D
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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160-162 Union St - Leigh House
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