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Commercial / Retail Investment Opportuinity, 366-368 Great Northern Road, Aberdeen, AB24 2AX

710 Sq Ft / Retail / Investment

For Sale - £70,000.00

Available - Last updated: 03 December 2024

We are excited to present this large, tenanted commercial premises located in one of the busiest roads in Aberdeen. *** PRIME INVESTMENT OPPORTUNITY ***

Property is currently tenanted at £719.12 per month (£8,629.24 per annum) by Coral, a blue chip tenant, with the lease expiring in 2027. If achieved for the guide price this would generate a fantastic gross annual yield of 12.33%. *** HIGH YIELDING INVESTMENT OPPORTUNITY ***

Property is sure to appeal to an investor looking for an attractive, cash flowing investment opportunity located in a sought after location of Aberdeen.

Prominent position at the CORNER of Great Northern Road. Large premises in a FANTASTIC LOCATION. Sure to appeal to a shrewd investor looking for a fantastic addition to an existing portfolio. *** SUPERB INVESTMENT OPPORTUNITY ***

Location

Great Northern Road in Aberdeen is a key thoroughfare that connects the city center with the northern suburbs, offering a vibrant mix of urban convenience and accessibility. Located in a well-established area, the street is surrounded by a variety of amenities, including supermarkets, cafes, restaurants, and retail shops, making it a convenient place to live or work.

The area is well-served by public transport, with frequent bus services providing easy access to Aberdeen city center, as well as to key locations like the University of Aberdeen, Aberdeen Royal Infirmary, and the Aberdeen International Airport. For drivers, the proximity to major roads such as the A96 and the Aberdeen Western Peripheral Route ensures excellent connectivity to the surrounding areas and beyond.

Great Northern Road is also close to green spaces such as Seaton Park and the River Don, providing residents with opportunities for outdoor leisure and relaxation. Its combination of accessibility, amenities, and proximity to both urban and natural attractions makes Great Northern Road a practical and appealing location in the Granite City.

Accommodation

Property extends to 710.4 square feet (66 square metres)

Property comprises: Ground floor commercial premises with large sales floor, small staff cafeteria area, staff toilets with office space and customer/ disabled toilets towards the rear.

Terms

Guide Price - £70,000

Rateable value of £8,500, benefitting from small business rates relief, and making it an attractive option to future tenants. *** SMALL BUSINESS RATES RELIEF ***

Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.

Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £70,000.00 NA

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Contact agents

John Morris & Luis Guarin

Prime Property Auctions

0141 538 0212

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