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Marketed by
207 Holburn Street Aberdeen, AB10 6BL
Use Class
E
Size
3,982 sq ft
Price
£635,000
Market Sector
High Street Scheme
Key Features
Blue Chip Tenant Covenant – Tesco Stores Limited
Tenant in occupation since 2010
Mix of residential and office / commercial customer base
Redeveloped convenience store unit with extensive frontage and modern extension
Lift installed
Attractive Net Initial Yield
Description
The subjects comprise a two storey property of traditional construction having been extensively refurbished and with an excellent frontage to Holburn Street. Internally the ground floor provides open plan sales accommodation and benefits from a quality fit out in standard Tesco style. The first floor provides storage and staff accommodation. A goods lift is installed between floors.
Location
The property is located on the East side of Holburn Street, one of the main arterial routes into Union Street & Aberdeen City Centre. This busy location comprises a mixture of residential, commercial and convenience / service retail occupiers. Talisman House, providing approximately 96,500 sq.ft of quality office accommodation with parking is let to Repsol and is immediately adjacent to the subjects.
Accommodation
3,982 Sq.Ft
The subjects have been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition) and the following Gross Internal Areas calculated:
Downloads
Financial
Lease Type
Existing Lease
Lease Term
The entire property is let on a full repairing and insuring basis to Tesco Stores Limited until 5th December 2030 at a passing rent of £60,000 pa exclusive. The tenant has been in occupation since 2010. The tenant has an option to extend the lease for 10 years. There is provision for a rent review to open market level if the tenants option is exercised and also at the end of the 5th year of the option period.
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
We are instructed to seek offers over £635,000 exclusive of VAT for the benefit of our clients heritable interest, subject to and with the benefit of the occupational lease. This price reflects a net initial yield of 9%.
Tenure Detail
Tesco Stores Limited (Company Number 519500) is a wholly owned subsidiary of Tesco PLC and is the largest of the “Big Four” Supermarkets. They have a D & B Rating of 5A1. Further information on Tesco can be found at www. tesco.com
Vat
The property has been elected for VAT and will treated as a transfer of a going concern (TOGC).
Business Rates
The Rateable Value effective from 1 April 2023 is £52,000. 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
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