Investment For Sale, Aberdeen
4 photos
£1,450,000 Freehold
Albyn Terrace, Aberdeen, AB10 1YP
Type
Investment
Status
Available
Size
11,638 sq ft
Key Features
- Recently refurbished multi let office investment
- Situated in the heart of Aberdeen's West End
- Largely contemporary office space comprising 11,638 sq. ft with 24 car parking spaces and 8 garages.
- Multi-let with diversified business sector income including ground floor let to Handelsbanken
- Let off re-based rents - fully substantiated by recent lettings activity
- Recent landlord investment of over £250,000
- Offers over £1,450,000 exc VAT, reflecting a net initial yield of 13.01%
Property Details
Aberdeen is Scotland's third largest city with a population of approximately 220,000 and a regional catchment population of over 500,000. Its status as the Energy Capital of Europe has been established for over 40 years and this is set to continue with a new wave of investment into all types of renewable energy utilising its skilled workforce and onshore/offshore
infrastructure. In addition to energy, the city benefits from two distinguished Universities, an expanding international harbour, seven major research institutes, together with world renewed food and drink and agricultural research establishments.
Aberdeen has strong communication links with the rest of Scotland, the UK and Europe. The A90 trunk road links Aberdeen with the Scottish motorway network, making Edinburgh and Glasgow accessible in around 2 hours. The city also benefits from strong rail connections, offering regular routes to Glasgow, Edinburgh, Inverness and London. The Aberdeen railway station is c. 1 mile east. Aberdeen International Airport, which lies to the north west of the city, provides direct flights to the principal UK cities and popular European destinations. The Airport also incorporates one of the busiest commercial Heliports, serving as the main heliport for the
offshore oil and gas sector in the North Sea. Aberdeen had a new £420m deep berth South
Harbour open in 2023.
The Premises Comprise An Architecturally Attractive Category B Listed Building Of Granite And Slate Construction, Together With A Secure Private Car Park And Garages Accessed Via Lane At The Rear.
The Building Is Made Up Of Three Interlinked Terraced Buildings With Accommodation Arranged
Over Four Floors - Lower Ground, Ground, First And Second. The Building Largely Offers Open Plan Modern Contemporary Suites. There Are Toilet And Kitchen Facilities On All Floors. The Building Has Multiple Access Points On Albyn Terrace, Prince Arthur Street And Rear, Which Provides Some Occupiers With An Exclusive Entrance.
The Landlord Has Recently Invested Approx. £250,000 Into The Property Including Roof Repaired And Renewed, Two New Boilers And Redecoration Of The Common Areas.
A Total Of 24 Car Exclusive Car Parking Spaces Are Provided With The Property. The Private Car Park At The Rear Provides 20 Car Spaces Has A Barrier Entry System. Four Additional Car Parking Spaces Are Provided At The Rear Of The Property. This Provides An Excellent Car Parking Ratio Of 1:485 Sq. Ft.
There Are Eight Lock-up Garages Within The Site Boundaries Which Are Accessed From The Lane To
The Rear.
infrastructure. In addition to energy, the city benefits from two distinguished Universities, an expanding international harbour, seven major research institutes, together with world renewed food and drink and agricultural research establishments.
Aberdeen has strong communication links with the rest of Scotland, the UK and Europe. The A90 trunk road links Aberdeen with the Scottish motorway network, making Edinburgh and Glasgow accessible in around 2 hours. The city also benefits from strong rail connections, offering regular routes to Glasgow, Edinburgh, Inverness and London. The Aberdeen railway station is c. 1 mile east. Aberdeen International Airport, which lies to the north west of the city, provides direct flights to the principal UK cities and popular European destinations. The Airport also incorporates one of the busiest commercial Heliports, serving as the main heliport for the
offshore oil and gas sector in the North Sea. Aberdeen had a new £420m deep berth South
Harbour open in 2023.
The Premises Comprise An Architecturally Attractive Category B Listed Building Of Granite And Slate Construction, Together With A Secure Private Car Park And Garages Accessed Via Lane At The Rear.
The Building Is Made Up Of Three Interlinked Terraced Buildings With Accommodation Arranged
Over Four Floors - Lower Ground, Ground, First And Second. The Building Largely Offers Open Plan Modern Contemporary Suites. There Are Toilet And Kitchen Facilities On All Floors. The Building Has Multiple Access Points On Albyn Terrace, Prince Arthur Street And Rear, Which Provides Some Occupiers With An Exclusive Entrance.
The Landlord Has Recently Invested Approx. £250,000 Into The Property Including Roof Repaired And Renewed, Two New Boilers And Redecoration Of The Common Areas.
A Total Of 24 Car Exclusive Car Parking Spaces Are Provided With The Property. The Private Car Park At The Rear Provides 20 Car Spaces Has A Barrier Entry System. Four Additional Car Parking Spaces Are Provided At The Rear Of The Property. This Provides An Excellent Car Parking Ratio Of 1:485 Sq. Ft.
There Are Eight Lock-up Garages Within The Site Boundaries Which Are Accessed From The Lane To
The Rear.
Location
Graham & Sibbald-Aberdeen
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Investment For Sale, Aberdeen
£1,450,000 Freehold
Albyn Terrace, Aberdeen, AB10 1YP
Property ID: 127249
Graham & Sibbald-Aberdeen
View all properties
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Graham & Sibbald-Aberdeen