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    Key features

    • To be offered on Wednesday 25 November
    • Three secure concrete surface car parks
    • Accessed from Russell Road and Raik Road and close to the main North Esplanade West
    • Located on the well established North Deeside Business Quarter
    • Investment Let at £25,227 p.a. (15.28% GIY on Guide Price)

    Description

    Site 517 - The site fronting and accessed from Russell Road provides a secure concrete surface car park.

    Site 519 - The site, which fronts and is accessed from Russell Road, provides a secure, concrete surface car park.

    Site 528 - The site, which fronts and isaccessed from Raik Road, provides asecure, concrete surface car park.


    Additional information

    Tenure

    Heritable Interest (Scottish Equivalent of English Freehold)

    Accommodation

    Site 517 Area 0.088 acres (3,821 sq.ft./355 sq.m.)

    Site 519 Area 0.211 acres (9,192 sq.ft./854 sq.m.)

    Site 528 Area 0.193 acres (8,407 sq.ft./781 sq.m.)

    Tenancy

    Site 517 - Let to Cromdale (Ardent House) LLP on a33 year lease expiring on 28 May 2037.The passing rent is £3,426 per annum with the May 2023 rent review being documented at £3,727.50 per annum. The lease is subject to 4 yearly upward only rent reviews to open market rental value. The next rent review is in 2027.


    Site 519 - Let to Cromdale (Ardent House) LLP on a 45 year 3 month lease expiring on 28 May 2037.The passing rent is £8,327 per annum with the 2024 rent review being documented at £9,394 per annum. The lease is subject to 4 yearly upward only rent reviews to open market rental value. The next rent review is in 2028.


    Site 528 - Let to APV CO (39) Ltd on a 98 year 4 month lease expiring on 28 May 2090.The passing rent is £12,106 per annum. The lease is subject to 4 yearly upward only rent reviews to open market rental value. The next rent review is in May 2027.




    Rent

    £25,227

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      Local information

      Aberdeen is the administrative and commercial centre of the North East of Scotland. Internationally renowned as Europe’s oil capital, the city has evolved into a globally significant energy hub. With a population of more than 700,000 across the city and its wider catchment, the region benefits from a deep skilled labour pool, strong infrastructure, and decades of off-shore experience. Aberdeen’s strategic importance has been further strengthened by its appointment as the headquarters of Great British Energy, the UK’s new state owned energy company.The property occupies a strategic position within the North Deeside Business Quarter, an established commercial district immediately south of Aberdeen city centre. This prime mixed use location benefits from close proximity to Aberdeen Harbour, the city’s principal retail and leisure destination at Union Square Shopping Centre, and the core business and shopping areas of the city. The surrounding area hosts a diverse mix of major office occupiers, industrial premises and supporting amenities, creating a strong and sustainable business environment with excellent city centre accessibility.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums