39-41 Union Terrace Investment For Sale

August 15, 2014

FG Burnett are delighted to have been instructed to market the investment at 39-41 Union Terrace, Aberdeen.  The Grade “B” listed building has a superb, central location overlooking Union Terrace Gardens and has been refurbished by the current owners to provide two retail units and four floors of upper floor offices.  The building is in a popular, high profile location for retailers and the amenity for office staff and visitors is excellent with easy access to Union Street, the main shopping centres and the railway and bus stations.  Dan Smith and David MacLeod are handling the sale and Dan said “ We anticipate that this opportunity will appeal to private investors as it is a rare opportunity to acquire a whole building in such a central location.  There are six tenants, which provides good asset management options and although the upper floors provide refurbished offices, there is also scope in the future for conversion to residential or serviced apartments.  We are seeking offers in excess of £805,000.

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