62 Bridge Street, Aberdeen, AB11 6JN
PR

62 Bridge Street, Aberdeen, AB11 6JN

By Prime Property Auctions (Scotland) Ltd

£ 225,000

Reviews

2 out of 5 stars

Prime Property Auctions (Scotland) Ltd says ..

Prime Property Auctions New Entry. Rarely available commercial unit set in a busy street in Aberdeen . Rental potential of £20,000 per annum giving 8% Yield at Guide Price of £225,000 Property is currently tenanted at £1,666 per month which generates an annual income of £20,000 per annum Pr...

Property Oracle says ..

This listing presents a commercial property situated on Bridge Street in Aberdeen, Scotland. The property is described as a rarely available commercial unit with rental potential of £20,000 per annum, indicating an 8% yield at the guide price. The current tenant pays £1,666 per month. The property appears to currently operate as a restaurant, with photos showcasing dining areas, bars, and kitchen facilities. The restaurant space appears relatively well-maintained, however, the kitchen and restroom areas exhibit a significant need for upgrading and modernization. The property’s location on Bridge Street provides high street visibility and easy access to the Aberdeen railway station. The absence of details concerning square footage, plot size, and the specific type of commercial use permitted are significant omissions. The price seems competitive given the rental income, but a full assessment requires a property inspection and a detailed understanding of the operational aspects and potential repair costs. More information is needed to provide a completely accurate and fully-formed valuation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
1
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
92,499.00 £
Decreased by 13.41 %
from 106,820.00 £
Average area rental value
817.00 £/mo
Increased by 1.87 %
from 802.00 £/mo
Est rental Yield
10.60 %
Increased by 17.65 %
from 9.01 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Prime Property Auctions (Scotland) Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Springwood SchoolOffshore Schools5.95 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Bridge Street £ 000.00 KM
The Green £ 000.00 KM
Guild Street £ 000.00 KM
Springbank Place £ 000.00 KM
Belmont Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Aberdeen8976ABD0.22 KM
Portlethen8860PLN9.64 KM

Nearby Listings

AddressPriceTypeScoreDistance
62 Bridge Street, Aberdeen, AB11 6JN £ 225,000BUY5 / 100.00 KM
Crown Terrace, Aberdeen, AB11 £ 125,000BUY7 / 100.08 KM
Bridge Street, City Centre, Aberdeen, AB11 £ 55,000BUYUnknown0.15 KM
130 Crown Street, Aberdeen, AB11 6HQ £ 110,000BUY4 / 100.26 KM
Carmelite Street, Aberdeen, AB11 £ 37,500BUY4 / 100.27 KM