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229 Union St 3,614 SF Retail Building Aberdeen AB11 6BQ $295,524 ($81.77/SF)
Executive Summary
Property comprises the ground floor of a larger mixed use of multi-store development of traditional granite construction within Aberdeen city centre. The property offers a dual frontage with centrally located entrance doors leading to a primary open plan retailing space with customer seating.
The property is held in a Renfield repairing and shooting head lease expiring 19 May 2034 at a current passing rent of £20,000 per annum. The tenant has an option to determine on the 19th of May 2029. Should the tenant not exercise this break, they will be granted a six month rent free period.
The property is held in a Renfield repairing and shooting head lease expiring 19 May 2034 at a current passing rent of £20,000 per annum. The tenant has an option to determine on the 19th of May 2029. Should the tenant not exercise this break, they will be granted a six month rent free period.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,614 SF
Building Class
C
Year Built
1846
Price
$295,524
Price Per SF
$81.77
Tenancy
Single
Building Height
4 Stories
Building FAR
1.66
Lot Size
0.05 AC
Frontage
26’ on Union St
Amenities
- Security System
1 1
Nearby Major Retailers
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229 Union St
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