1 Queen's Cross - Bank FOR SALE


Aberdeen, ABE AB15 4XU
$2,100,000 USD
122-400-7289
1 Queen's Cross, Aberdeen, ABE for Sale
$2,100,000 USD
Bank - FOR SALE
1/11
null | 10.1% Cap Rate

1 Queen's Cross
Aberdeen, ABE AB15 4XU


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

Offers over £2,100,000 excluding VAT are sought for our client’s heritable interest in the building. A purchase at this level would show an attractive net initial yield of 10.1% after deduction of purchaser’s costs and LBTT.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

10.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1865

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,925 SF

ZONING

-

APN/PARCEL ID

ABN18165

ASK ABOUT THIS PROPERTY

Ken ShawRydenMore Info
122-400-7289

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Ken ShawRydenMore Info
122-400-7289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.