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17-19 Windmill Brae 19,429 sq ft Retail Property Aberdeen AB11 6HU £350,000 (£18.01/sq ft) 14.29% Net Initial Yield
Investment Highlights
- Substantial Property
- Passing Rent: £50,000p.a
- Held on F.R.I Lease
Executive Summary
The property is let to OGV Taprooms Limited on a Full Repairing and Insuring Lease which is subject to a Schedule of Condition.
The lease expires on 17th December 2028 at a current passing rent £50,000pa. OGV Taproom has been developed by the team at OGV Energy a well-established media group within the energy industry. The property is available on a freehold Investment basis for offers over £350,000.
The lease expires on 17th December 2028 at a current passing rent £50,000pa. OGV Taproom has been developed by the team at OGV Energy a well-established media group within the energy industry. The property is available on a freehold Investment basis for offers over £350,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
19,429 sq ft
Costar Property Class
B
Year Built
1899
Price
£350,000
Price per sq ft
£18.01
Yield
14.29%
NOI
£50,000
Tenancy
Single
Number of Floors
5
Plot ratio
2.16
Total Plot Size
0.21 ac
Amenities
- Security System
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Nearby Major Retailers
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17-19 Windmill Brae
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