- City centre investment opportunity
- Net internal floor area of 124.95 sqm (1,345 sqft)
- Let to William Hill Organization Ltd until 29th of June 2029
- Passing rent of £18,000 per annum
- Offers over £196,000 reflecting a Net Initial Yield of 9%
The subjects are located within the heart of Aberdeen, Scotland’s third largest city with a population of approximately 220,000. More specifically, the subjects are situated in a prominent position at the corner of Holburn Street and Ashvale Place, the former being the main arterial route leading from Union Street to south of the city. As one of the principal retail areas within the city centre, Holburn Street provides a mixture of residential and commercial occupiers, including Alpine Bikes Aberdeen, Papa Johns, Pizza Hut and Sainsburys.
The subject property comprises a double fronted retail unit over ground and basement floors of pointed stone construction with a part flat and felt, part hipped roof clad with slate. The property benefits from large display windows, with access provided via a glazed pedestrian door with signage hoarding above. Internally, the property is fit out for use as a betting office in the tenant’s corporate style. The ground floor accommodation comprises a main sales area, tea prep, and both staff and customer toilets. Access to the basement floors is taken from Union Glen to the rear of the property, with the former internal access now boarded up.
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Machrie, Isle of Arran