4-4A Alford Pl 3,505 SF Office Building Aberdeen AB10 1YD $666,196 ($190.07/SF) 10.53% Cap Rate

Retail / office investment Prominent location in Aberdeen's West End Let to Community Integrated Care with D&B rating of 5A1 Let at a total rent of £55,000 per annum Offers over £500,000 with a yield of 10.53%
The property benefits from a secure car park to the rear, accessed via Thistle Place, with space for up to 7 cars.
The subjects are located on the North side of Alford place, close to the junction with Holburn Street and Union Street. The subjects are located within the prestigious West End office district of Aberdeen, with Albyn Place located nearby. The property is located just off Union Street, Aberdeen's main retail and commercial thoroughfare, with large office developments such as The Capitol and Silver Fin within easy walking distance. A variety of local amenities are situated around the property including Cafes, Restaurants and Hotels.
4 Alford Placeis aself-contained unit with an open-planretail space fronting Alford Place, with additional cellular office/storage rooms to the rear. The ground floor also includes a W/C and tea prep facilities. The lower ground floor comprises an open-plan area and benefits from a further tea prep. The lower ground floor is accessible both internally and via a fire escape on the east elevation, which leads directly onto Alford Place.
4A Alford Place is a self-contained first-floor office. On entry, stairs lead up to a well presented open-plan office forming part of the rear extension. Further stairs lead to additional cellular office space, along with a W/C and tea prep area.
The property comprises a mid-terraced, two-storey granite building with a pitched and slated roof, and a two-storey rear extension to the rear.
Community Integrated Care is one of the UK's largest health and social care charities, which has around 450 specialist care services across, and employs over 6,000 people.
Offers over £500,000 excluding VAT are sought for our clients heritable interest in the building. A purchase at this level would show a net initial yield of 10.53% after deduction of purchaser's costs and LBTT.