Property

The subjects are located on the north side of Jasmine Terrace, a short distance to the east of King Street and to the worth of Aberdeen city centre. The subjects comprise a ground and lower ground floor retail unit, all within a two storey, attic and lower ground floor traditional budling. Freehold Commercial Premises within Aberdeen city centre. Former offices for a local electrical company. Property sold on a freehold sale basis. Full Ownership. Traditional cobbled street with parking. Potential residential development opportunity (access door is available into communal residential close). Heritable interest (Scottish equivalent of English Freehold). * Video Tour Available * Property unoccupied and to be sold with vacant possession. Executory Sale Instruction * Mains entrance * Forms the ground floor of a residential development * Legal pack and title deeds available online. Property benefits from a rateable value of £5,400 (RAIN GROUP LTD) per annum (with full exemption under small business rate relief scheme) and covers the ground floor with storage. The city and the surrounding region has long been regarded as one of Scotland’s biggest success stories being a key engine of the Scottish and UK economies. Aberdeen is Scotland’s third largest city with a population of approximately 220,000 and an expanding regional catchment population of over 500,000. IDEAL LOCATION FOR A NUMBER OF COMMERCIAL USES OR POTENTIAL CHANGE OF USE - Within the vicinity are a number of bars, restaurants, convenience stores and the Beach Boulevard Retail Park. The city has been established as the energy capital of Europe for over 50 years and benefits from two distinguished universities, seven major research institutes and world renowned food, fisheries and agricultural research establishments. Freehold Commercial Sale Suitable for a variety of uses subject to planning. Located between King Street and Park Street near to Morrisons Supermarket. Walking distance to Beach Boulevard and the Esplanade. Rental potential £12,000 PER ANNUM. SUPER TRADING POSITION * The area gives a credible, high-end image. Potential dentist, vet, funeral director, restaurant, hot food take away (subject to all consents and permissions). Popular district a well-connected, professional, and prestigious location with a blend of historic charm and modern convenience. Jasmine Terrace is within walking distance to Union Street, Bon Accord, Trinity, and Union Square malls - over 150 stores, cafés, restaurants and a Cineworld cinema. Overall, the historical sold prices in Jasmine Terrace over the last year were similar to the previous year and 42% down on the 2015 peak of £106,233.

Auction Details
24 July 2025, 10am-3pm
Timed Online Auction

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