£19.500.000
Confirmation
Purpose-built iconic office HQ
Property Details
Broker
For sale
96,305 sq.ft.
8,947 m²Leasable area
202 £/sq.ft.
2,179 £/m²11.77 %
1
Freehold
Fees
Investment Overview
High-quality landmark investment within a key UK city. Well positioned asset within Aberdeen’s West End. Let until 26 December 2025 reflecting an unexpired term of 3.4 years. Purpose-built iconic office HQ extending to 96,305 Sqft. Passing rent of £2,450,179 pa reflecting £25.44 psf. 100% let. Opportunity to re-gear with current tenant who continues to undertake rolling refurbishment programmes. It is estimated that the tenant has spent in the region of £3m since 2018. Purpose-built as the headquarters the building is L-shaped and split over two wings, North and East. The North Wing extends to 4 storeys with under-croft parking on the ground floor whilst the East Wing has 7 storeys with lower ground parking fronting onto Hardgate. The building is of steel frame construction. Heritable (Scottish equivalent of Freehold).
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