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For Sale
1 Queen's Cross, Aberdeen, Scotland, AB15 4XU
Tenure

For Sale

Type

Office

Price

Offers in Excess Of £2,100,000

Size

8,515 Sq Ft

Ref No

14762

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Property Highlights

  • Outstanding single-let office and banking hall
  • Strong tenant covenant, Clydesdale Bank plc T/A Virgin Money
  • Break option recently removed, providing 5.51 years unexpired
  • Very low risk CreditSafe rating of 86A
  • Passing rent of £225,250 per annum, reflecting £26.45 per sq ft
  • 8,515 sq ft with an excellent car parking ratio of 1:266
  • Long-term redevelopment potential
  • Price - £2,100,000 exclusive of VAT, reflecting a net initial yield of 10%

Overview

Prestigious single-let office investment.

1 Queen's Cross is a prominent detached office building laid out over lower ground, ground, first and attic floors. To the rear of the property is a high quality modern extension fitted out to provide a banking hall with open plan office accommodation. The property benefits from 32 car parking spaces providing an excellent parking ratio of 1:266 sq ft.

Ken Shaw Image

Ken Shaw

Partner

Daniel Stalker Image

Daniel Stalker

Associate

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