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.
