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1-3 Albyn Ter 11,638 SF 94% Leased Office Building Aberdeen AB10 1YP $1,931,968 ($166.01/SF) 13.01% Cap Rate



INVESTMENT HIGHLIGHTS
- Recently refurbished multi let office investment.
- Largely contemporary office space comprising 11,638 sq. ft with 24 car parking spaces and 8 garages.
- Let off re-based rents - fully substantiated by recent lettings activity.
- Offers over £1,450,000 exc VAT, reflecting a net initial yield of 13.01%.
- Situated in the heart of Aberdeen's West End.
- Multi-let with diversified business sector income including ground floor let to Handelsbanken.
- Recent landlord investment of over £250,000.
EXECUTIVE SUMMARY
PROPERTY FACTS
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
- -
- $29.01
- -
- Prism Energy Ltd
- Utilities
- -
- $11.99
- Feb 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Ancala Midstream | Mining, Quarrying, and Oil and Gas Extraction | - | $29.01 | - | ||
| Prism Energy Ltd | Utilities | - | $11.99 | Feb 2027 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
1-3 Albyn Terrace is situated within the heart of Aberdeen's West End. The property is prominently located at the eastern end of Albyn Terrace adjacent to the corner of Prince Arthur Street. The property overlooks Albyn Place, one of the city's main arterial routes, and Queen's Terrace Gardens. A variety of local amenities are situated within walking distance, including cafes, restaurants, and hotels. The city centre is easily accessible by foot with Union Street, the city's main retail thoroughfare, some 400m east of the property. The City's train and bus stations are within 20 minutes walking distance whilst Aberdeen International Airport is approximately a six miles drive. Occupiers in close proximity include a large array of professional service firms and energy companies. To name a few; Royal Bank of Scotland, Bank of Scotland, Johnston Carmichael, Shepherd and Wedderburn LLP, Stronach's LLP and Genisis Energies. The premises comprise an architecturally attractive Category B Listed building of granite and slate construction, together with a secure private car park and garages accessed via lane at the rear. Suite 3 is the only available within the building, and offers an open plan office space and secure storage room, accessible either through a private entrance on Albyn Terrace or internally from the rear car park. The buildings common areas have recently been refurbished, and there are shared kitchen and toilet facilities on the lower ground floor.
| Space | Size | Space Use | Condition | Available |
| Lower Level-Ste Suite 3 | 642 SF | Office | Full Build-Out | Now |
Lower Level-Ste Suite 3
| Size |
| 642 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Lower Level-Ste Suite 3
| Size | 642 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1-3 Albyn Terrace is situated within the heart of Aberdeen's West End. The property is prominently located at the eastern end of Albyn Terrace adjacent to the corner of Prince Arthur Street. The property overlooks Albyn Place, one of the city's main arterial routes, and Queen's Terrace Gardens. A variety of local amenities are situated within walking distance, including cafes, restaurants, and hotels. The city centre is easily accessible by foot with Union Street, the city's main retail thoroughfare, some 400m east of the property. The City's train and bus stations are within 20 minutes walking distance whilst Aberdeen International Airport is approximately a six miles drive. Occupiers in close proximity include a large array of professional service firms and energy companies. To name a few; Royal Bank of Scotland, Bank of Scotland, Johnston Carmichael, Shepherd and Wedderburn LLP, Stronach's LLP and Genisis Energies. The premises comprise an architecturally attractive Category B Listed building of granite and slate construction, together with a secure private car park and garages accessed via lane at the rear. Suite 3 is the only available within the building, and offers an open plan office space and secure storage room, accessible either through a private entrance on Albyn Terrace or internally from the rear car park. The buildings common areas have recently been refurbished, and there are shared kitchen and toilet facilities on the lower ground floor.
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1-3 Albyn Ter
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