Holburn House 475-485 Union Street Aberdeen AB11 6DB

  • Holburn House<br>475-485 Union Street<br>Aberdeen<br>AB11 6DB

Holburn House
475-485 Union Street
Aberdeen
AB11 6DB

Heritable Retail and Office Investment

  • Comprises Ground Floor Shop with Offices on Ground, First, Second and Third Floors
  • Approximate Floor Area of 2,197.66 sq m (23,462 sq ft)
  • Refurbished to a High Specification
  • 39 Onsite Car Parking Spaces
  • Prime Location on Union Street in Aberdeen City Centre
  • Asset Management Opportunities
  • Lot
    30
  • Auction
    15th February 2024
  • Rent
    £121,296 per Annum Exclusive
  • Status
    Sold
  • Price
    £525,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Heritable Retail and Office Investment

  • Comprises Ground Floor Shop with Offices on Ground, First, Second and Third Floors
  • Approximate Floor Area of 2,197.66 sq m (23,462 sq ft)
  • Refurbished to a High Specification
  • 39 Onsite Car Parking Spaces
  • Prime Location on Union Street in Aberdeen City Centre
  • Asset Management Opportunities
  • Lot 30
  • Auction 15th February 2024
  • Rent £121,296 per Annum Exclusive
  • Status Sold
  • Price £525,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
67 miles north of Dundee, 92 miles north east of Edinburgh, 120 miles north east of Glasgow
Roads
A90, A96
Rail
Aberdeen (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen International Airport (6 miles west)
Situation

Union Street is located in the heart of Aberdeen city centre. The street connects the east and west of the city. The property is located close to the railway and bus stations, Union Square Shopping Centre and road connections to the A90 south.

The property is situated on the south side of Union Street close to it's junction with Holburn Street and Alford Place. Adjacent to Silver Fin, a major new office developemnt with occupiers including Shell Shell and Neo Energy. In addition PWC who occupy the Capitol Building. Nearby occupiers include Tesco, Radisson Park Inn Hotel, Caffe Nero, JD Wetherspoon and WHSmith.

Tenure

Heritable.

Location
Miles
67 miles north of Dundee, 92 miles north east of Edinburgh, 120 miles north east of Glasgow
Roads
A90, A96
Rail
Aberdeen (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen International Airport (6 miles west)
Situation

Union Street is located in the heart of Aberdeen city centre. The street connects the east and west of the city. The property is located close to the railway and bus stations, Union Square Shopping Centre and road connections to the A90 south.

The property is situated on the south side of Union Street close to it's junction with Holburn Street and Alford Place. Adjacent to Silver Fin, a major new office developemnt with occupiers including Shell Shell and Neo Energy. In addition PWC who occupy the Capitol Building. Nearby occupiers include Tesco, Radisson Park Inn Hotel, Caffe Nero, JD Wetherspoon and WHSmith.

Tenure

Heritable.

Description

The property comprises a substantial mix-used building providing retail accommodation on the ground floor together with office accommodation on the ground, first, second and third floors. The office accommodation has been refurbished to a high specification with passenger lift plus parking for 39 vehicles.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial mix-used building providing retail accommodation on the ground floor together with office accommodation on the ground, first, second and third floors. The office accommodation has been refurbished to a high specification with passenger lift plus parking for 39 vehicles.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground Retail
215.99
(2,325)
WILLIAM HILL ORGANIZATION LTD 20 years from 02/03/2006
(1)
£58,750
Ground
First
Second
Office
Office
Office
510.22
579.15
577.20
(5,492)
(6,234)
(6,213)
VACANT POSSESSION    
Third
Car Park
Office
Car Parking Space
297.10
6 car parking spaces
(3,198)
SUMITOMO CORPORATION EUROPE LTD
(2)
15 years from 01/06/2009
£62,546
Car Park Car Parking Space
33 car parking spaces
  VACANT POSSESSION    
Total  
2,179.66
(23,462)
   
£121,296

(1) The tenant is not in occupation
(2) For the year ending 31/03/2023 Sumitomo Corporation Europe Ltd reported a Turnover of £489,119,975, a Pre-Tax Profit of £30,257,643 and a Net Worth of £348,319,106 (NorthRow 23/01/2024).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    26.03.24
    File Size
    4 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Seller's Solicitors
2, Marischal Square Broad Street
Aberdeen
AB10 1DQ
Steven McKinley +44 (0)141 273 6740steven.mckinlay@burnesspaull.com  Louise Conroy +44 (0)141 273 6759louise.conroy@burnesspaull.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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