431 Union St - Office FOR SALE


Aberdeen, ABE AB11 6DA
$12,000,000 USD
131-247-3803
431 Union St, Aberdeen, ABE for Sale
$12,000,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

431 Union St
Aberdeen, ABE AB11 6DA


HIGHLIGHTS

  • The Capitol is located in the centre of Aberdeen, the energy capital of Europe and Scotland’s 3rd largest city
  • 80 car parking spaces (providing a ratio of 1:939 sq ft).
  • The building has strong ESG credentials with an EPC Rating of B+.

OVERVIEW

Rising from the restored and repurposed 1930’s façade of a former cinema, The Capitol office development was completed in 2016 by the renowned M&G and Knight Property Group as part of the redevelopment of Union Street through it’s BID (Business Improvement District). Scottish architects Keppie Design were appointed to deliver a landmark office worthy of the site’s history and highly-visible location. The Capitol comprises seven floors of offices with a mezzanine floor office suite nestled in the listed portion of the building, providing a total of 73,688 sq ft of office accommodation. A retail unit is located on the ground floor extending to 1,427 sq ft. The upper storeys provide all-electric, column-free, and curtain-glazed floor plates offering unobstructed views of the Aberdeen skyline and out to the North Sea. The entrance area, reception, mezzanine office, and retail unit were all constructed within the restored Art Deco entrance and theatre hall creating a unique character for the development. The building benefits from 80 secure car parking spaces (1:939 sq ft ratio with the ability to implement EV charging), 13 motorcycle spaces, and 34 bicycle racks. The end of journey facilities are well appointed with changing rooms & locker facilities and male/female/ accessible showers.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Capitol

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

12

BUILDING CLASS

A

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

-

APN/PARCEL ID

ABN116459

ASK ABOUT THIS PROPERTY

Nick PennySavillsMore Info
131-247-3803

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Nick PennySavillsMore Info
131-247-3803

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