The Exchange No 1 & 2, Market Street, Aberdeen, Scotland, AB11 5PJ

GBP 4500000 For Sale

Property Details

Property Type

N/A

Description

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

Key Features: • Very prominent city centre location with striking views over Aberdeen harbour • Approximate total floor area of 82,726 sq ft (7,685 sq m) • Total current rental income of £930,320 per annum • Low risk tenants with a range of vacant refurbished suites • Asset management opportunities via lease regears and new lettings • Heritable interest (Scottish equivalent of English Freehold) • WAULT of 2.9 years to expiry (2.6 years to break) • Offers in excess of £4,500,000 are invited, reflecting a net initial yield of 19.40% • Low capital rate of £54.40 per sq ft provides an excellent opportunity to add value and create profit

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

Agent Information: • Address: The Capitol, 431 Union Street, Aberdeen, AB11 6DA

Full Description: HIGH YIELDING OFFICE INVESTMENT WITH IMMEDIATE POTENTIAL TO ADD VALUE

Location

Address

The Exchange No 1 & 2, Market Street, Aberdeen, Scotland, AB11 5PJ

City

Scotland

Features and Finishes

Very prominent city centre location with striking views over Aberdeen harbour, Approximate total floor area of 82,726 sq ft (7,685 sq m), Total current rental income of £930,320 per annum, Low risk tenants with a range of vacant refurbished suites, Asset management opportunities via lease regears and new lettings, Heritable interest (Scottish equivalent of English Freehold), WAULT of 2.9 years to expiry (2.6 years to break), Offers in excess of £4,500,000 are invited, reflecting a net initial yield of 19.40%, Low capital rate of £54.40 per sq ft provides an excellent opportunity to add value and create profit

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Real Estate Broker
Ryden LLP, Aberdeen
Brokerage
Ryden LLP, Aberdeen
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