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504 King St 5,894 sq ft Retail Property Aberdeen AB24 5ST £1,650,000 (£279.95/sq ft)
INVESTMENT HIGHLIGHTS
- Secure convenience supermarket investment opportunity.
- Let to the Co-operative Group Food Limited until 31st July 2038 (just under 13 years unexpired).
- Guaranteed rental uplifts subject to a collar and cap of 1% and 3%.
- Offers are sought in excess of £1,650,000, exclusive of VAT.
- Strategic location on King Street with strong visibility.
- Passing rent of £95,700 per annum, exclusive of VAT.
- Heritable interest (Scottish equivalent of English freehold).
- A purchase at this price would reflect running yields until expiry of 5.47% (2025), 6.14% (2028) and 6.78% (2033) based on 2% uplifts from August 2026 onwards.
EXECUTIVE SUMMARY
Freehold Investment: Offers are sought in excess of £1,650,000, exclusive of VAT. Secure convenience supermarket investment opportunity
A purchase at this price would reflect running yields until expiry of 5.47% (2025), 6.14% (2028) and 6.78% (2033) based on 2% uplifts from August 2026 onwards.
This property comprises a modern, high quality retail convenience store constructed in Q2 2023. The purpose-built development is arranged over ground floor level and has been carefully designed to capture pedestrian and vehicle traffic along the busy King Street thoroughfare. The modern store layout ensures ease of access and maximises trading potential.
A purchase at this price would reflect running yields until expiry of 5.47% (2025), 6.14% (2028) and 6.78% (2033) based on 2% uplifts from August 2026 onwards.
This property comprises a modern, high quality retail convenience store constructed in Q2 2023. The purpose-built development is arranged over ground floor level and has been carefully designed to capture pedestrian and vehicle traffic along the busy King Street thoroughfare. The modern store layout ensures ease of access and maximises trading potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Local Shop
Property Size
5,894 sq ft
Costar Property Class
C
Year Built
2023
Price
£1,650,000
Price per sq ft
£279.95
Tenancy
Single
Number of Floors
1
Plot ratio
0.71
Total Plot Size
0.19 ac
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504 King St
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