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23-23A Castle St 881 SF Retail Condo Unit Offered at $186,856 in Aberdeen AB11 5BQ
INVESTMENT HIGHLIGHTS
- The property is located on the north side of Castle Street
- 4 storey and attic building
- The subjects comprise a category B listed mid-terraced building
EXECUTIVE SUMMARY
The subjects comprise a category B listed mid-terraced retail unit forming the ground floor of a 4 storey and attic building of stone construction under a pitched and slated roof. The property is located on the north side of Castle Street within the Castlegate area of Aberdeen City Centre. Union Street, Aberdeen’s principal commercial throughfare is a short distance to the west. The surrounding area is a mixture of commercial and residential with nearby occupiers including a Premier Convenience Store, Grade A barbers and the Castle Bar.
PROPERTY FACTS
| Total Building Size | 1,762 SF | Floors | 4 |
| Property Type | Retail (Condo) | Typical Floor Size | 441 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1898 |
| Building Class | B | Lot Size | 0.02 AC |
| Total Building Size | 1,762 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 441 SF |
| Year Built | 1898 |
| Lot Size | 0.02 AC |
AMENITIES
- 24 Hour Access
- Storage Space
1 UNIT AVAILABLE
Unit 23A
| Unit Size | 881 SF | Sale Type | Investment |
| Price | $186,856 | Tenure | Freehold |
| Price Per SF | $212.10 | Cap Rate | 5.96% |
| Condo Use | Retail | NOI | $11,136.62 |
| Unit Size | 881 SF |
| Price | $186,856 |
| Price Per SF | $212.10 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 5.96% |
| NOI | $11,136.62 |
DESCRIPTION
Internally the property provides sales area to the front with store room and wc to the rear. The property benefits from a large display frontage.
SALE NOTES
Offers over £140,000 are invited for our clients heritable interest in the subjects reflecting a Net Initial Yield of 5.96% after deduction of standard purchasers costs. The property is leased to Yiu Jong Lee until 16th June 2026 at a passing rent of £8,500 per annum.
NEARBY MAJOR RETAILERS
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23-23A Castle St
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