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Marketed by
21 Mid Stocket Road Aberdeen, AB15 5JL
Use Class
E
Size
4,028 sq ft
Price
£325,000
Market Sector
Retail & Shopping Park
Description
The subjects comprise a two-storey end terrace building with modern office suites and stores. Unit 1 & 2 fronts onto Mid Stocket Road and comprises modern offices over ground and first floors. The suite benefits from LED lighting, IT cabling and a modern tea prep area. Unit 3 comprises a self-contained unit offering a combination of office and storage. The ground floor is dedicated to a store with adjoining WC, accessed by way of roller shutter vehicle door or alternatively via a pedestrian door. The first floor comprises two individual offices and a larger open plan space. Unit 4 comprises a similar specification to unit 3. The first floor office is equipped with a kitchenette, WC and server room. There is a car park with 4 private parking spaces associated with the property.
Location
The subjects are located on Mid Stocket Road, close to its junction with Beechgrove Terrace. The property is within easy reach of the city centre and popular west-end office district, as well as the primarily residential area of Rosemount. The surrounding area is predominantly residential in nature however several commercial occupiers are in close proximity. These include the BBC, Spar, Utopia, Kitchen Transformation Services, Argyll Jewellers, Milton on the Corner and a Co-op Supermarket.
Key Information
Further Infomation
Terms & Conditions
The property may be suitable for development to a number of other uses subject to planning. It sits in an area designated as Residential (H1) in the local development plan. Interested parties should make their own enquiries to the local planning authority.
Accommodation
4,028 Sq.Ft
The premises have been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and approximate net internal areas calculated:-
Financial
Costs
Each party will bear their own legal costs. The ingoing occupier will be responsible for any LBTT and Registration Dues applicable.
Price
Our client is seeking £325,000 for their heritable interest, reflecting a capital rate of £80.69 per sq.ft. A sale at this price produces a Net Initial Yield of 8.79% after purchasers’ costs. Following a successful letting of Unit 3 at the ERV of £10,000 pa, a Net Initial Yield of 11.77% is achievable.
Terms & Conditions
The property may be suitable for development to a number of other uses subject to planning. It sits in an area designated as Residential (H1) in the local development plan. Interested parties should make their own enquiries to the local planning authority.
Vat
The property is not elected for VAT, therefore no VAT will be payable on any sale.
Business Rates
The Valuation Roll shows a total proposed Rateable Value of £25,350 effective from 1st April 2026. The breakdown is as follows:- Unit 1 & 2: £11,250 Unit 3: £8,200 Unit 4: £5,900 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
Units 1 & 2: C(31) Unit 3: B(30) Unit 4: B(24) Copies 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.
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