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CITY CENTRE OFFICE INVESTMENT FOR SALE: 8&9 Bon Accord Crescent Aberdeen

For sale: POA|6399 Sq Ft|Office, Offices

PROPERTY DETAILS

FOR SALEPOA
SIZE6399 Sq Ft
ADDRESS8&9 Bon Accord Crescent, Aberdeen, AB11 6DN
TYPEOffice, Offices
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON14th April 2019

DESCRIPTION

City Centre Location
Rarely Available Freehold Opportunity
Potential Future Redevelopment Opportunity
Twin Town Houses
Dedicated Rear Parking
Let to The firm of Aberdein Considine & Company
Expiry 30/11/2028
Passing Rent: £105,000p.a
Offers of £995,000 Invited (G.I.Y 10.55%)

Location

The subjects are situated on the East side of Bon Accord Terrace, South of its junction with Langstane Place and close to its junction with Union Street within Aberdeen’s City Centre.

The city of Aberdeen is the main business and enterprise hub in the North East of Scotland approximately 65miles North of Dundee with extensive investment in education and enterprise. The city has a population of 197,000 with further catchment of 200,000 in Aberdeenshire.

Subjects

The subjects comprise twin mid-terrace townhouses of traditional construction surmounted by a pitched mansard style slate roof. Occupying basement, ground, 1st & Attic conversions, each of the subjects are accessed via a raised suspended concrete stair platform leading to the main doors.

Internally, each of the subjects benefit from grand traditional spiral stair cases with high ceilings adding to the opulence and complimenting the tenants fit out of the subjects.

The subjects are currently occupied by Aberdein Considine, with multiple office suites at ground, basement 1st and ancillary storage / office at attic floor’s. The subjects benefit from well presented tea prep area along with male and female w.c facilities.

The rear of the subjects benefit from large secure car parking accessible from Bon-Accord Terrace Lane via Old Mill Road.

Area:

We calculate the subjects to extend to:

594.5sqm (6,399sq ft)

Investment

The subjects are let by way of a full repairing and insuring lease on the following terms:

Tenant: Aberdein Considine Trustees Ltd
Term: Expiry 30/11/2028
TBO: 1st Dec 2023
Passing Rent: £105,000p.a
Type: F.R.I - Subject to Photographic Schedule of Condition

Proposal

Our client is offering their freehold interest in the subjects for offers in excess of £995,000 representing a Gross Initial Yield of 10.55% before purchasers costs.

V.A.T

Prices and rents quoted are exclusive of V.A.T

E.P.C

Available on request

Planning

The subjects currently benefit from Class 2 (Office / Professional Use) under the Town and Country Planning Acts 1997.

Legal

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

Further information

Available on request

LOCATION

Location: 8&9 Bon Accord Crescent, Aberdeen, AB11 6DN

Aberdeen (0.3 miles)

Dyce (5.5 miles)

Portlethen (5.6 miles)

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