Huntly Street, Aberdeen, Aberdeenshire, AB10

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 162 Buchanan Street, Glasgow, G1 2LL

Full Description: Centrally located off Union Street in an established office location Modern courtyard office development 8 private parking spaces accessed from Union Wynd Total accommodation of approximately 12,119 sq. ft. (1,125.88 sq. m.) Active management opportunities and potential alternative uses including education and residential (subject to planning) Current Rent £67,860p.a.x Total ERV £170,000p.a.x. Price: o/o £395,000

Location

Huntly Street is situated in the heart of the city centre close to Union Street, Aberdeen's traditional retail pitch. The property's location benefits from numerous bus services serving the city centre and Aberdeen's main railway and bus station are just a short walk away. The subjects are well placed for a wide range of amenities that include cafes, shops, restaurants and bars. Occupiers in the vicinity include; Centrum Serviced Offices, Dana Petroleum, Deloitte LLP and Fifth Ring.

Property

The property comprises a courtyard office development with a secure private car park for 8 cars. The accommodation is planned over ground and first floors and provides modern open plan office space. There are comfort cooling units installed to most of the offices

Area

47: 129.51sqm (1,394sq ft) 47 A/B: 288sqm (3,100sq ft 47C: 176.51sqm (1,900sq ft) 49: 406.91sqm (4,380sq ft) 49c: 124.95sqm (1,345sq ft)

Total: 1,125.88sqm (12,1119sq ft)

Lease Summary

Currently one suite (49) is held on an F.R.I lease to Fifth Ring Ltd expiring 26th April 2027 at a passing rent of £67,860p.a.x.

Sale

The property is available on a freehold basis for o/o £395,000 representing a gross initial yield of 17% before purchasers costs.

V.A.T.

The property has been elected for V.A.T. as such the transaction may be treated as a T.o.G.C. (transfer of a going concern)

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business. Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

Anti-Money Laundering

TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.