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1 Shiprow
Aberdeen AB11 5BY

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • VUE Cinema and Lane 7
  • very low capital value of £46 psf
  • RY 16%

EXECUTIVE SUMMARY

The VUE Cinema and Lane 7 at Shiprow, city centre Aberdeen. Tangible asset management opportunities to regear VUE beyond 2026; expand Lane 7 into ground floor and/or let the part ground and first floor to a new operator. Seeking offers for this 65,000 sq ft asset of £3.0 million reflecting an attractive NIY of 24.8% (RY 16%) after standard purchaser's costs and a very low capital value of £46 psf.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
65,115 SF
Building Class
B
Year Built
2001
Price
$3,772,200
Price Per SF
$58
Cap Rate
24.80%
NOI
$935,506
Percent Leased
89%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.59
Lot Size
2.53 AC
Frontage
185 FT on Shiprow

AMENITIES

  • 24 Hour Access
  • Storage Space
  • Listing ID: 31026851

  • Date on Market: 2/23/2024

  • Last Updated:

  • Address: 1 Shiprow, Aberdeen AB11 5BY

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