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For Sale
1 Mounthooly Way, Aberdeen, Scotland, AB24 3ER
Tenure

For Sale

Type

Investment

Price

Offers in Excess Of £935,000

Size

3,747 Sq Ft

Ref No

3799

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Property Highlights

  • Convenience supermarket investment opportunity
  • Well-located on Mounthooly Way, close to Aberdeen city centre
  • Let to the Co-operative Group Food Limited until 20th October 2036 (over 11 years unexpired)
  • Passing rent of £63,000 per annum, exclusive of VAT
  • Predicted rental uplift to £73,034 at the 2026 review
  • Heritable interest (Scottish equivalent of English freehold)
  • Offers are sought in excess of £935,000, exclusive of VAT
  • A purchase at this price would reflect a net initial yield of 6.38% and a reversionary yield of 7.40% at review in October 2026 after allowing for purchaser's costs

Overview

This property comprises a high-quality redevelopment of a former fire brigade control centre, delivering a striking and modern mixed-use building. The development has been carefully designed to feature a niche façade that adds a distinctive visual presence at the prominent corner of Mounthooly Way and King's Crescent.

The ground floor is laid out in a standard convenience store configuration. The store entrance and glazed frontage face directly onto Mounthooly Way, ensuring excellent exposure to both passing traffic and pedestrian footfall at this busy junction. There is an Amazon Hub Locker service located on the site.

Above the retail unit, the building comprises two upper floors which have planning consent for residential use. The upper floors are not included within this sale but are available through separate negotiation.

Daniel Stalker Image

Daniel Stalker

Associate

Ken Shaw Image

Ken Shaw

Partner

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