160 Union Street, Aberdeen, Aberdeen City

LOCATION

Aberdeen is the commercial and economic centre of North East Scotland, recognised internationally for its expertise in the energy sector and growing strengths in technology, renewables and professional services. Serving a regional population of over 500,000, the city benefits from a highly skilled workforce, supported by two leading universities.

The city offers excellent transport links via Aberdeen International Airport, direct rail services and access to the strategic road network. Ongoing investment and regeneration initiatives continue to enhance the city centre, supporting a diverse commercial property market.

The subjects are located on the northern side of Union Street between its junctions with South Silver Street and Diamond Street.

DESCRIPTION

The subjects comprise the top four floors of a traditional mid-terraced building of granite construction surmounted by a pitched and slated roof.

The property has been extensively fitted out and altered to a high standard to provide a large modern dental surgery/clinic.

Internally the property provides the following accommodation:

First floor: 3 surgery rooms, 2 sterilisation rooms, 2 storage rooms, an X-ray room, reception/ waiting area, kitchen, and toilet.

Second floor: 4 surgery rooms, 2 sterilisation rooms, an X-ray room, disabled toilet, office, reception/waiting area. There are also 2 small storage areas and a toilet at the half landing.

Third floor: a large open-plan office, staff room with tea preparation area, an office, 2 storage rooms, and 2 WCs

Fourth floor: 4 storage rooms, boiler room office, former laboratory space, and WCs.

There are sections of the upper floors which are not client facing that have some old water damage to walls and ceilings. The roof repairs have been undertaken but some interior sections have visual damage. A viewing is recommended to any interested parties and can be undertaken out of trading hours.

PROPOSAL

Offers over £480,000 are invited for the heritable interest.

LEASE

The property is currently leased under the following lease terms:

Tenant: THE REAL GOOD DENTAL COMPANY LTD

Lease length: 10 year lease expiring on the 30th April 2036 (Tenant break option 1st May 2031).

Passing rent: £48,000 per annum

Repairing obligations: Full repairing & insuring

Rent review: Upward only to market rent on 1st May 2031

FLOOR AREAS

From sizes provided from our client, we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate net internal area (NIA):

First floor: 173.91m²/1,872ft²

Second floor: 164.56m²/1,771ft²

Third floor: 129.22m²/1,391ft²

Fourth floor:78.05m²/840ft²

TOTAL: 545.74m²/5,874ft²

RATING

Rateable value £38,000.

EPC

D.

PLANNING

All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Aberdeen City Council Planning Department.

VAT

All prices, premiums and rents quoted are exclusive of VAT.

CLOSING DATE

A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.