A ground floor retail unit occupying a prominent position

The property benefits from a busy arterial location within an established commercial stretch, well placed for a range of retail and alternative commercial uses subject to the necessary consents. The unit carries a rateable value of £17,500, offering a useful gauge of achievable rental value for prospective investors. The subjects appear to be occupied; however, the property is offered without vacant possession, and the tenancy position is unconfirmed. Any occupancy, lease terms and rental income are unknown. Interested parties should conduct their own due diligence prior to bidding. Representing an opportunity for the commercial investor seeking potential rental income, or a purchaser looking to secure a well-located Aberdeen retail asset with scope to add value. The pricing reflects the unconfirmed tenancy and income position. Please note this is being sold without possession and with potential tenant in situ

Tenure

Freehold

Area

489 George Street occupies a position on one of Aberdeen's long-established commercial thoroughfares, approximately one mile north west of the city centre. George Street runs north to south into the heart of the city and has historically been one of Aberdeen's busiest shopping streets, retaining the traditional grid street pattern with active ground floor frontages and a mix of retail, service and food and drink occupiers along its length. The immediate area is well populated with a diversity of communities and businesses, and the street connects southwards towards the Bon Accord Centre and the principal city centre retail core. Aberdeen benefits from strong road links and established public transport, with George Street itself carrying steady vehicular and pedestrian traffic as a key route in and out of the centre. Significantly for investors, George Street is a focus of active regeneration. Aberdeen City Council's City Centre Masterplan identifies the George Street area for redevelopment, particularly around the Bon Accord Centre, and the Council has since approved a dedicated George Street mini-masterplan aimed at supporting the street as a vibrant city centre neighbourhood and stimulating market-led change. This ongoing public sector commitment underpins the longer-term prospects for the location and its surrounding commercial stock.

Local Authority

Aberdeen City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.