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175 Union St 2,040 SF Retail Condo Unit Offered at $504,643 in Aberdeen AB11 6BB
Investment Highlights
- Prime City Centre
- Let To Paddy Power
- Busy Thoroughfare
Executive Summary
The property comprises a mid-terraced retail space within a mixed use development of traditional granite construction surmounted by a pitched roof. Benefitting from a prominent frontage, the property offers dual display windows flanking the partially recessed frontage of aluminium framed and glazed construction.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
Description
The property comprises a mid-terraced retail space within a mixed use development of traditional granite construction surmounted by a pitched roof.
Benefitting from a prominent frontage, the property offers dual display windows flanking the partially recessed frontage of aluminium framed and glazed construction.
Internally the property is fitted out in accordance with the tenants corporate specifications with floors overlaid in laminated timber with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling.
The property has been partitioned to offer customer w.c and staff counter, with the basement floor accessed via a single staircase to the rear of the demise. The basement offers staff facilities, office and stores.
Benefitting from a prominent frontage, the property offers dual display windows flanking the partially recessed frontage of aluminium framed and glazed construction.
Internally the property is fitted out in accordance with the tenants corporate specifications with floors overlaid in laminated timber with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling.
The property has been partitioned to offer customer w.c and staff counter, with the basement floor accessed via a single staircase to the rear of the demise. The basement offers staff facilities, office and stores.
Sale Notes
The property is held on a full repairing and insuring head lease on the following terms:
Tenant: Power Leisure Bookmakers Ltd t/a Paddy Power
Expiry: 18th November 2027
Passing Rent: £35,000p.a.x
Covenant: Power Leisure Bookmakers Limited
Tenant: Power Leisure Bookmakers Ltd t/a Paddy Power
Expiry: 18th November 2027
Passing Rent: £35,000p.a.x
Covenant: Power Leisure Bookmakers Limited
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 175 | 2,040 SF | Retail | $504,643 ($247.37/SF) | - |
Unit 175
| Unit Size |
| 2,040 SF |
| Condo Use |
| Retail |
| Price |
| $504,643 ($247.37/SF) |
| NOI |
| - |
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Unit 175
| Unit Size | 2,040 SF |
| Condo Use | Retail |
| Price | $504,643 ($247.37/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Description | |
| The property comprises a mid-terraced retail space within a mixed use development of traditional granite construction surmounted by a pitched roof. <br> <br> Benefitting from a prominent frontage, the property offers dual display windows flanking the partially recessed frontage of aluminium framed and glazed construction.<br> <br> Internally the property is fitted out in accordance with the tenants corporate specifications with floors overlaid in laminated timber with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. <br> <br> The property has been partitioned to offer customer w.c and staff counter, with the basement floor accessed via a single staircase to the rear of the demise. The basement offers staff facilities, office and stores.</li></ul> | |
| Sale Notes | |
| The property is held on a full repairing and insuring head lease on the following terms: <br> Tenant: Power Leisure Bookmakers Ltd t/a Paddy Power<br> Expiry: 18th November 2027<br> Passing Rent: £35,000p.a.x<br> Covenant: Power Leisure Bookmakers Limited</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 | 6,627 SF | Typical Floor Size | 2,209 SF |
| Property Type | Retail (Condo) | Year Built | 1908 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.09 AC |
| Building Class | B | Parking Ratio | 1.66/1,000 SF |
| Floors | 3 |
| Total Building Size | 6,627 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 2,209 SF |
| Year Built | 1908 |
| Lot Size | 0.09 AC |
| Parking Ratio | 1.66/1,000 SF |
Amenities
- Storage Space
1 1
Nearby Major Retailers
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175 Union St
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