North Deeside Road, Aberdeen, Aberdeenshire, AB14

Rarely Available Commercial Unit
Centre of Affluent Area
1,955sq ft
Modern Development
Held on F.R.I Lease to Peterculter Dental Practice
Expiry May 2036
Passing Rent: £30,000p.a.x.
Price: £350,000

Location

The property is situated on the south side of North Deeside Road, West of its junction with Brighton Place, within the suburb of Peterculter in the city of Aberdeen.

Aberdeen is Scotland's third largest city, having a resident population of approximately 230,000. The city provides the principal commercial and shopping facilities in the North East of Scotland serving a catchment population in excess of 500,000 persons

Neighbouring occupiers include the Ashgrove Veterinary Centre, Culter Theatre Club, Peterculter Pharmacy

Property

The property comprises a modern mixed use development with commercial at ground and lower ground floors with residential above.

The development offers rear parking facilities along with on street parking to the front.

Accessed from the rear, the subjects under consideration offer a reception area with staff room and stores formed by way of stud partitions, with several dental and hygienist consultation suites. The property is fitted out to a very high standard.

Area

The property has been measured on a net internal area basis and calculated to extend to the following floor areas;

Lower Ground: 181.6sqm (1,955sq ft)

NAV/RV

The property has been entered onto the valuation roll with the following NAV/RV;

£20,500

Executive Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Shetland Surgery Ltd - t/a Peterculter Dental Practice.
Expiry: 31st May 2036
Passing Rent: £30,000p.a.x
Rent Review: 2026 & 2031 (R.P.I Linked) Calculating by the rent being agreed at £30k in June 2021 and look at the RPI uplift for March this year, the percentage change puts the rent up to £37,797p.a.x
Further: The tenant operates dental practices in Kingswells, Dyce, and St Andrew's

Price

Our client will dispose of their freehold interest for £350,000

V.A.T

The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)

E.P.C.

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time