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1-3 Albyn Ter

11,638 SF 100% Leased Office Building Aberdeen AB10 1YP £1,750,000 (£150/SF) 11.36% Net Initial Yield

Office Space Aberdeen 1-3 Albyn Ter, Aberdeen, ABE AB10 1YP

Investment Highlights

  • Situated in the heart of Aberdeen's West End.
  • Period property.
  • Car parking and Garages.

Executive Summary

Offers over £1,750,000 excluding VAT are sought for our client’s heritable interest in the building. A purchase at this level would show a net initial yield of 10.70% after deduction of purchaser’s costs and LBTT. Any unexpired rent-free periods will be deducted from the purchase price at settlement.

Attachments

1-3 Albyn Terrace

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
11,638 SF
Building Class
B
Year Built/Renovated
1867/2023
Price
£1,750,000
Price Per SF
£150
Net Initial Yield
11.36%
NOI
£198,730
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
2,910 SF
Slab to Slab
12 ft
Building FAR
2.97
Land Acres
0.09 AC
Parking
32 Spaces (2.75 Spaces per 1,000 SF Leased)

Amenities

  • Raised Floor
  • Security System
  • Kitchen
  • Storage Space
  • Central Heating
  • Demised WC facilities
  • Shower Facilities
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Ancala Midstream
  • Mining, Quarrying, and Oil and Gas Extraction
  • -
  • £21.77
  • -
  • Prism Energy Ltd
  • Utilities
  • -
  • £9.00
  • Feb 2027
Tenant Industry SF OCCUPIED RENT/SF Lease End
Ancala Midstream Mining, Quarrying, and Oil and Gas Extraction - £21.77 -
Prism Energy Ltd Utilities - £9.00 Feb 2027

Links

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+44 1224 625024

  • Listing ID: 31959344

  • Date on Market: 30/05/2024

  • Last Updated:

  • Address: 1-3 Albyn Ter, Aberdeen AB10 1YP

The Office Property at 1-3 Albyn Ter, Aberdeen, AB10 1YP is currently available For Sale. Contact Graham & Sibbald for more information.

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1-3 Albyn Ter
+44 1224 625024 x

1-3 Albyn Ter

Chris Ion

+44 1224 625024

+44 1224 625024

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