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For Sale

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

Tenure

For Sale

Type

Investment

Price

Offers in Excess Of £4,500,000

Size

82,726 Sq Ft

Ref No

15687

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Property Highlights

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

Overview

Constructed over 40 years ago, the property has been refurbished and extended since to provide high quality office accommodation within two adjoining buildings in the heart of Aberdeen City Centre.

Exchange 1 generally provides larger floor plates, from 4,500 sq ft - 9,165 sq ft over 9 storeys, while Exchange 2 provides smaller floor plates from 3,650 sq ft - 3,843 sq ft over 5 storeys.

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Ken Shaw

Partner

07836556768

Contact Agent

Daniel Stalker

Associate

07887751090

Contact Agent

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