Long Income Office Headquarters

Completed in August 2015, the property provides 120,821 sq ft (11,224.67 sq m) of Grade A office accommodation, with best in class facilities including a canteen and gym. Long income investment opportunity -approximately 12.4 years to expiry. Attractive capital value of £347 per sq ft. The lease is subject to rent reviews every 5 years to the higher of market rental value or 2.75% per annum compounded. The running yield rises to 9.16% in June 2025 and 10.49% in June 2030. The passing rent is £3,411,914 per annum, equating to £28.24 per sq ft. Prime Grade A rents in Aberdeen are currently £32.50 per sq ft.