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Purpose-built iconic office HQ

Aberdeen, United KingdomUnlock address

87%

£19.500.000

Office

#14285

Core+

3 Feb 2024

Property Details

Broker

For sale

96,305 sq.ft.

8,947 m²

Leasable area

202 £/sq.ft.

2,179 £/m²

11.77 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.40 %

0.00 %

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).