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Marketed by
1-3 Gaelic Lane Gaelic Lane, Aberdeen, AB10 1JF
Use Class
E
Size
4,382 sq ft
Price
£350,000
Market Sector
High Street Scheme
Description
FOR SALE (PART LET INVESTMENT)
The subject comprises a three storey plus attic character building of traditional stone construction, which sits under a pitched and slated roof. Whilst all floors can be accessed from a primary communal entrance off Gaelic Lane, the ground floor benefits from a separate direct access. Internally, the subjects comprise a retail unit currently fitted out as a café on the ground floor, an open plan pilates studio currently occupied by Breathing Space at first floor level, and a 7-bed hotel with ancillary accommodation across the second and attic floors.
Location
The subjects are located on the south side of Gaelic Lane, which runs parallel to Union Street, Aberdeen’s primary commercial throughfare and home to a mix of national and independent occupiers. The property also benefits from close proximity to Belmont Street and The Academy Shopping Centre. Surrounding occupiers include Primark, McDonalds, Jamieson & Carry, The Tippling House, Siberia Bar & Hotel, Nando’s, and Revolution.
Situation
Whilst the ground, second and attic floors are currently vacant, there is a sub-lease in place to Breathing Space Studio Limited on the first floor.
The key lease terms are as follows, with further details available on request:
• Internal Repairing and Insuring lease, subject to a Schedule of Condition.
• Expiry: 31st October 2033.
• Term: 10-years.
• Break Options: Mutual break option on 31st October 2026 and a Tenant only break option on 31st October 2029.
• Passing Rent: £16,830 per annum .
• Fixed Rental Increase in years 3-5.
• Rent Review: Fixed rental increase on 1st November 2026 for years 3-5.
Fixtures and fittings can be made available as part of a sale via separate negotiation.
Accommodation
4,382 Sq.Ft
The property has been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) and the following approximate net internal areas calculated:
Downloads
Financial
Rent
Subject to contract, rental offers are invited in the region of £16830 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Costs
Each party will bear their own legal costs incurred in the transaction. The occupier will be responsible for any LBTT and Registration dues.
Price
£350,000 for our clients heritable interest, with the benefit of the occupational lease on the first floor.
Vat
The property is not elected for VAT.
Business Rates
The Valuation Roll shows a Rateable Value of £64,500 effective from 1st April 2026. Any ingoing occupier will have the right to appeal the Rateable Value and may also be entitled to certain relief from rates under the various schemes currently available. Interested parties should contact the relevant Local Authority and further information can be found at www.saa.gov.uk
Rates
Sustainability
Copy available on request.
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
All data ©2026 Completely Property Technology Limited