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23-23A Castle St 881 SF Retail Condo Unit Offered at $188,476 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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 5.96% |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| Tenure | Freehold |
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 23A | 881 SF | Retail | $188,476 ($213.93/SF) | $11,233.17 |
Unit 23A
| Unit Size |
| 881 SF |
| Condo Use |
| Retail |
| Price |
| $188,476 ($213.93/SF) |
| NOI |
| $11,233.17 |
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Unit 23A
| Unit Size | 881 SF |
| Condo Use | Retail |
| Price | $188,476 ($213.93/SF) |
| NOI | $11,233.17 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| Tenure | Freehold |
| 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.</li></ul> | |
| 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.</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 | 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
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Nearby Major Retailers
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Street View
Street
Map
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23-23A Castle St
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