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High Yielding City Centre HQ Office Investment

Aberdeen, United KingdomUnlock address

92%

£7.000.000

Office

#34590

Core+

2 Jun 2024

Property Details

Broker

For sale

80,495 sq.ft.

7,478 m²

Leasable area

86 £/sq.ft.

936 £/m²

20.00 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Located adjacent to Aberdeen’s premier retail and leisure destination, Union Square and Aberdeen’s train and bus stations. Property is a 7-storey, 80,495 sq ft modern office building, which was constructed in 1984 and extensively refurbished and reclad in 2000. In 2020, CNR’s lease was re-structured, through which c.£3 million was committed to the refurbishment of the building. A further £600,000 of Landlord funded building enhancement works are being carried out as part of the latest lease restructuring. The building is of concrete frame construction, with reinforced concrete suspended floors and benefits from a high-quality entrance hall, with marble walls and granite floors. The building is ‘F-shaped’ and space is predominately open plan in nature. There are 124 car parking spaces located at ground and undercroft level. 83% let to CNR International (UK) Limited until 31 December 2030 with the option to extend until 31 December 2035.