Retail in AB24 available for sale
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Retail Property for Sale near AB24, Aberdeen

Explore the Latest AB24 Retail Properties for Sale

More details for Beach Esplanade, Aberdeen - Retail for Sale

Beach Esplanade

Aberdeen, AB24 5NS

  • Retail for Sale
  • £1,400,000
  • 49,902 sq ft
  • Security System
  • Waterfront
  • Wheelchair Accessible

Aberdeen Retail for Sale

Offers over £1,400,000 (ONE MILLLION, FOUR HUNDRED THOUSAND POUNDS STERLING) are invited, reflecting a 9.23% net initial yield after allowing for standard purchasers costs of 5.98%. The property comprises a substantial leisure facility arranged over basement, ground and first floor levels. There is a roof terrace overlooking the beachfront above a single storey element of the building. Internally, the property comprises open plan, leisure space comprising of inflatable sections for varying ages at ground level together with a large café/seating area, reception and WCS. The first floor has been extensively fitted out in 2022 at an approximate cost of £300,000 to include a new bar/restaurant complete with corporate entertainment activities to include interactive dart boards, axe throwing, putting as well as a private function bar/room for corporate events/birthday parties. The basement floor is used for storage and office space as well as further WC facilities. There is a lift that services the ground and first floor levels. The subjects were initially held on a ground lease between Aberdeen City Council (Landlord) and John Codona’s Holiday Inn Limited (Head Tenant) from 28 May 1993 for an initial term of 34 years to 27 May 2027. The lease was assigned to The Noble Leisure Company Limited (Head Tenant) on 3 July 2003. The original lease was varied in June 2001 to permit the tenant the option to extend the lease for three further periods of 34 years from 28 May 2027, 34 years from 28 May 2061 and 29 years from 28 May 2095 with the potential lease expiry 27 May 2124. The rent was agreed at £28,000 per annum. There is a sub-lease in place between the Head Tenant and Pinz Bowling Limited from 1 May 2018 for a period of 15 years with expiry due 30 April 2033 at a current passing rent of £165,000 per annum. The lease is held on Full Repairing & Insuring terms. The net income received is £137,000 per annum. The sub-tenant has a pre-emptive right to purchase on receipt of any offer agreed between the Head Tenant and a third party. The sub-tenant has one month to exercise said option once presented with an offer deemed acceptable to the Head Tenant.

Contact:

Sheridan Keane Real Estate Investment

Date on Market:

29/04/2025

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Retail Properties for Sale Within 5 miles of the AB24, Aberdeen

More details for 26-28 Chapel St, Aberdeen - Retail for Sale

26-28 Chapel St

Aberdeen, AB10 1SP

  • Retail for Sale
  • £300,000
  • 999 sq ft
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More details for 15-19 Rosemount Viaduct, Aberdeen - Retail for Sale

15-19 Rosemount Viaduct

Aberdeen, AB25 1NE

  • Retail for Sale
  • £120,000
  • 4,273 sq ft
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More details for 60 Union St, Aberdeen - Retail for Sale

60 Union St

Aberdeen, AB10 1BB

  • Retail for Sale
  • £200,000
  • 12,850 sq ft
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More details for 17-19 Windmill Brae, Aberdeen - Retail for Sale

17-19 Windmill Brae

Aberdeen, AB11 6HU

  • Retail for Sale
  • £325,000
  • 19,429 sq ft
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More details for 54 Guild St, Aberdeen - Retail for Sale

54 Guild St

Aberdeen, AB11 6NB

  • Retail for Sale
  • £975,000
  • 4,435 sq ft
  • 1 Unit Available
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More details for 20 North Esplanade W, Aberdeen - Retail for Sale

20 North Esplanade W

Aberdeen, AB11 5RN

  • Retail for Sale
  • £2,350,000
  • 2,561 sq ft
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FAQs about Retail property for sale in AB24

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in AB24?
There are currently 1 Retail Properties available for sale near AB24. These AB24 Retail Property listings have an average size of. The largest available listing in AB24 is. The thriving commercial centre and excellent transport links in AB24 make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in AB24?
The average price/SF for Retail Property for sale in AB24 is about. The cost per sq ft for Retail Property in AB24 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in AB24?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in AB24?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in AB24 is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the AB24, Aberdeen

With 1 retail units currently available for sale in AB24, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in AB24, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in AB24, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in AB24 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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