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For Sale
504 King Street, Aberdeen, AB24 5ST
Tenure

For Sale

Type

Investment

Price

Offers in Excess Of £1,650,000

Size

5,894 Sq Ft

Ref No

18566

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Property Highlights

  • Secure convenience supermarket investment opportunity
  • Strategic location on King Street with strong visibility
  • Let to the Co-operative Group Food Limited until 31st July 2038 (just under 13 years unexpired)
  • Passing rent of £95,700 per annum, exclusive of VAT
  • Guaranteed rental uplifts subject to a collar and cap of 1% and 3%
  • Heritable interest (Scottish equivalent of English freehold)
  • Offers are sought in excess of £1,650,000, exclusive of VAT
  • 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.

Overview

NEW BUILD CO-OP CONVENIENCE STORE INVESTMENT

This property comprises a modern, highquality 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.

Ken Shaw Image

Ken Shaw

Partner

Daniel Stalker Image

Daniel Stalker

Associate

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