161 & 163 Queen's Road, Aberdeen, AB15 8BS
Availability
To Let
Price
£295,000
Description
PRIME CONVENIENCE STORE INVESTMENT SALE The subjects comprise the ground floor and basement of a traditional granite and slate building, extended to the rear by a single‑storey ancillary extension. The unit is currently configured as a modern convenience store, with: Open‑plan customer sales area to the front. Rear ancillary storage, office, kitchen and WC accommodation. Additional basement storage. The property benefits from frontage directly onto Queen’s Road, providing excellent visibility and accessibility for both local residents and passing traffic. There is no on‑site parking; however, unlimited on‑street parking is available nearby.
Location
Aberdeen is Scotland’s third largest city with a population of approximately 213,000 and a wider regional catchment of around 400,000. The city serves as the commercial, educational and employment hub for the north east of Scotland and benefits from excellent road, rail and air connectivity. The property is located within Aberdeen’s West End, an affluent and predominantly residential area approximately 2.8 km west of the city centre. It occupies a prominent position on the south side of Queen’s Road, around 300 metres west of its junction with Anderson Drive. Queen’s Road is one of Aberdeen’s principal arterial routes, carrying strong daily traffic flows and providing direct access between the city centre and western suburbs. The immediate surrounding area comprises a high‑quality residential catchment, modern flatted developments, office parks (including Hill of Rubislaw) and limited competing convenience retail.
Key Points
- Prominently located convenience store investment in Aberdeen’s affluent West End.
- Well‑established retail unit forming part of a traditional granite building on Queen’s Road, one of the city’s principal arterial routes.
- Let to Alliance Property Holdings Limited, a wholly‑owned subsidiary of Wm Morrison Supermarkets Limited, trading as Morrisons Daily (1,700 stores uk wide).
- Passing rent: £27,500 per annum. (£14.46 psf based on NIA).
- 10 year lease from 31 August 2023, with tenant break option August 2028 (6 months’ notice).
- 1% - 3% CPI linked rent review in August 2028.
- Offers Over £295,000, reflecting a Net Initial Yield of 9.06%, assuming standard purchaser’s costs
Size
1,902 sq ft
Accommodation
| Areas | sq ft | sq m |
|---|---|---|
| Sales area | 987 | 91.70 |
| Rear ancillary | 717 | 66.60 |
| Basement | 198 | 18.40 |
| Total | 1,902 | 177 |
dkeith@eyco.co.uk 
0131 558 5144 
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