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20 North Esplanade W 2,561 sq ft Retail Property Aberdeen AB11 5RN £2,350,000 (£917.61/sq ft)
INVESTMENT HIGHLIGHTS
- Prominent freehold roadside investment in central Aberdeen
- The site extends to approximately 0.22 hectares (0.54 acres)
- Fronting the inner ring road with high visibility and traffic flow
EXECUTIVE SUMMARY
For Sale: £2,350,000
- Prominent Petrol Filling Station Investment
The premises are let on a Full Repairing and Insuring terms to Motor Fuel Limited with the lease expiring on 20th April 2041 giving a remaining term in excess of 15 years with no break options. The passing rent is £140,000 per annum and there is provision within the lease for 5 yearly, upward only rent reviews with the next being due on 20th April 2026 and 5 yearly thereafter. The rent review is based on a CPI increase with a cap and collar of 1% & 3% per annum.
- Prominent Petrol Filling Station Investment
The premises are let on a Full Repairing and Insuring terms to Motor Fuel Limited with the lease expiring on 20th April 2041 giving a remaining term in excess of 15 years with no break options. The passing rent is £140,000 per annum and there is provision within the lease for 5 yearly, upward only rent reviews with the next being due on 20th April 2026 and 5 yearly thereafter. The rent review is based on a CPI increase with a cap and collar of 1% & 3% per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Service Station
Property Size
2,561 sq ft
Costar Property Class
B
Year Built
1991
Price
£2,350,000
Price per sq ft
£917.61
Tenancy
Single
Number of Floors
1
Plot ratio
0.11
Total Plot Size
0.54 ac
AMENITIES
- Security System
1 1
NEARBY MAJOR RETAILERS
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20 North Esplanade W
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