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226 Market St 8,704 sq ft Retail Property Aberdeen AB11 5PR £1,250,000 (£143.61/sq ft) 6.20% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime freehold roadside investment in central Aberdeen, fronting the inner ring road with high visibility and strong traffic flow.
- The site extends to approximately 0.10 hectares (0.39 acres), offering long-term asset management and redevelopment potential
- Strategic city centre location near Union Square Shopping Centre, generating strong footfall and occupier demand
EXECUTIVE SUMMARY
The subject property comprises a well-established, purpose-built tyre and exhaust centre and garage. To the front is a large yard/parking area laid in tarmac with the remainder of the site housing a substantial, ‘L’ shaped workshop of steel portal framed construction clad in a mix of pointed brickwork and profile metal sheeting.
Heritable (Scottish equivalent of Freehold
Heritable (Scottish equivalent of Freehold
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Vehicle Repair Garage
Property Size
8,704 sq ft
Costar Property Class
C
Year Built
1985
Price
£1,250,000
Price per sq ft
£143.61
Yield
6.20%
NOI
£77,500
Tenancy
Single
Number of Floors
1
Plot ratio
0.46
Total Plot Size
0.43 ac
AMENITIES
- Security System
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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226 Market St
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