62 Market St - Office FOR SALE


Aberdeen, ABE AB11 5PJ
$4,500,000 USD
122-400-7470
62 Market St, Aberdeen, ABE for Sale
$4,500,000 USD
Office - FOR SALE
1/12
null | 19.4% Cap Rate

62 Market St
Aberdeen, ABE AB11 5PJ


HIGHLIGHTS

  • Very prominent city centre location with striking views over Aberdeen harbour
  • Approximate total floor area of 82,726 sq ft (7,685 sq m)
  • Total current rental income of £930,320 per annum
  • Low risk tenants with a range of vacant refurbished suites
  • Asset management opportunities via lease regears and new lettings
  • Heritable interest (Scottish equivalent of English Freehold)
  • WAULT of 2.9 years to expiry (2.6 years to break)
  • Offers in excess of £4,500,000 are invited, reflecting a net initial yield of 19.40%
  • Low capital rate of £54.40 per sq ft provides an excellent opportunity to add value and create profit

OVERVIEW

We are instructed to seek offers in excess of £4,500,000 exclusive of VAT for our client’s heritable interest, reflecting an attractive net initial yield of 19.40%, after purchaser’s costs. Two high quality interconnecting multi-let office buildings – Exchange 1 and Exchange 2, Total current rental income of £930,320 per annum, WAULT of 2.9 years to expiry (2.6 years to break).

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

19.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Exchange

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

9

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ken ShawRydenMore Info
122-400-7470

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Ken ShawRydenMore Info
122-400-7470

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