- Self Contained Office/Retail Unit
- External Rear Area
- Passing Rent: £7,200 per annum
- Price: Offers over £70,000
- NIY 10.1%
LOCATION
The subjects are located on the east side of Ruthrie Terrace within the Kaimhill area of Aberdeen, a short distance to the west of the A92 trunk road which connects the north and south of the city. The area is mainly residential in nature but nearby commercial occupiers include Asda, Boots, B&Q, Agility NDE and Aberdeen Fitness Centre.
DESCRIPTION
The subjects comprise a single storey, mid terraced building of brick/block construction, harled externally, under a pitched and tiled roof. The premises benefits from an exclusive external area at the rear with access to Ruthrieston Road.
Internally the property has been recently refurbished and comprises open plan office/retail area with tea prep, wc and cupboard to the rear. The property benefits from carpeted flooring, a suspended tile ceiling, LED lights and electric panel heating.
FLOOR AREAS
The subjects provide the following net internal floor areas, measured in accordance with IPMS3.
Ground Floor 51.03 sq m (549 sq ft)
LEASE TERMS
The property is leased to Ian Rodger Architects at a passing rent of £7,200 per annum. The lease is due to expire on 31st May 2026 however the tenant is well established and the lease has been rolling year to year for many years. A copy of the lease is available on request.
PRICE
Offers over £70,000 are invited for our clients heritable interest in the subjects reflecting a Net Initial Yield of 10.1% after deduction of standard purchasers costs.
TENURE
Heritable
VAT
The property has been opted to tax so VAT will be payable on the sale price.
RATING ASSESSMENT
The valuation role shows a proposed rateable value of £7,300 with effect from 1st April 2026
The Uniform Business Rate for the year 2025/2026 is 49.8p in the £. Water and waste water rates are also payable.
The ingoing occupier may qualify for 100% relief through the Small Business Bonus Scheme.
ENERGY PERFORMANCE CERTIFICATE
The property has an EPC rating of E.
Full documentation is available upon request.
ENTRY
Upon conclusion of all legalities
ANTI-MONEY LAUNDERING
In accordance with AML regulations, any purchaser will be required to provide proof of identity, address and source of funds once an offer is accepted.
LEGAL COSTS
Each party to bear their own costs in relation to the transaction. The purchaser will be responsible for payment of LBTT and registration dues if applicable.
OFFERS / VIEWING
All offers should be submitted in writing to the sole agents who will also make arrangements to view.