1 Shiprow | Aberdeen AB11 5BY
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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
$3,883,445
Price Per SF
$59.64
Cap Rate
24.80%
NOI
$963,094
Percent Leased
89%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.59
Lot Size
2.53 AC
Frontage
185’ on Shiprow
AMENITIES
- 24 Hour Access
- Storage Space
1 of 10
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