This substantial detached commercial building offers an array of possibilities for renovation and investment, situated in a well-trafficked area along the A945 Riverside Drive in Aberdeen. With a total floorspace of 5,663 square feet, the property spans multiple levels: a spacious basement at 1,430 square feet, a ground floor of 1,452 square feet currently leased to a private gym generating an annual rental income of £10,000, plus additional levels of 1,173 square feet on the first floor and 1,162 square feet on the second floor. An archway unit adds another 446 square feet to the mix.
The existing lease for the gym is set to renew on a flexible two-year basis, with options for both parties to break after two months. This arrangement provides immediate cash flow while also presenting an ideal opportunity for asset management strategies to increase occupancy across the building.
The property is located among a blend of luxury residential apartments and office spaces, creating potential synergy with neighboring businesses and residents. Its riverside location not only enhances its appeal but also positions it within close proximity to Aberdeen City Centre and various local amenities.
With significant room for development or repurposing—subject to appropriate planning permissions—this site represents an excellent opportunity for those looking to maximize its investment potential. Whether you're interested in enhancing its current use or exploring alternative applications, this property invites innovative ideas from prospective buyers. The absence of VAT further simplifies financial considerations for investors.
