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20 North Esplanade W 2,561 SF Retail Building Aberdeen AB11 5RN $3,215,038 ($1,255.38/SF)
Investment Highlights
- Prominent freehold roadside investment in central Aberdeen
- The site extends to approximately 0.22 hectares (0.54 acres)
- Fronting the inner ring road with high visibility and traffic flow
Executive Summary
For Sale: £2,350,000
- Prominent Petrol Filling Station Investment
The premises are let on a Full Repairing and Insuring terms to Motor Fuel Limited with the lease expiring on 20th April 2041 giving a remaining term in excess of 15 years with no break options. The passing rent is £140,000 per annum and there is provision within the lease for 5 yearly, upward only rent reviews with the next being due on 20th April 2026 and 5 yearly thereafter. The rent review is based on a CPI increase with a cap and collar of 1% & 3% per annum.
- Prominent Petrol Filling Station Investment
The premises are let on a Full Repairing and Insuring terms to Motor Fuel Limited with the lease expiring on 20th April 2041 giving a remaining term in excess of 15 years with no break options. The passing rent is £140,000 per annum and there is provision within the lease for 5 yearly, upward only rent reviews with the next being due on 20th April 2026 and 5 yearly thereafter. The rent review is based on a CPI increase with a cap and collar of 1% & 3% per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Service Station
Building Size
2,561 SF
Building Class
B
Year Built
1991
Price
$3,215,038
Price Per SF
$1,255.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.54 AC
Amenities
- Security System
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Nearby Major Retailers
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20 North Esplanade W
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