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Upper Denburn House Kingswells Causeway 63,425 SF 4-Star Office Building Aberdeen AB15 8PU $24,691,688 ($389.31/SF) 12.02% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Prime location on one of the UK’s premier Business Parks
- The property is leased to Premier Oil UK limited
- Recently refurbished Grade A office accommodation
EXECUTIVE SUMMARY
Prime single let office investment opportunity. Offers in excess of £18,500,000 (EIGHTEEN MILLION FIVE HUNDRED THOUSAND POUNDS) exclusive of VAT reflecting a Net Initial Yield of 12.02% and minimum reversionary yield of 13.93% in July 2029 assuming standard purchaser’s costs of 6.74%
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
63,425 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2014
Price
$24,691,688
Price Per SF
$389.31
Cap Rate
12.02%
NOI
$2,967,941
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
21,142 SF
Slab To Slab
11’
Building FAR
0.52
Lot Size
2.81 AC
Parking
198 Spaces (3.12 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Kitchen
- Energy Performance Rating - B
- Storage Space
- Demised WC facilities
- High Ceilings
- Direct Elevator Exposure
- Natural Light
- Open-Plan
- Partitioned Offices
- Shower Facilities
- Drop Ceiling
- Wi-Fi
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Upper Denburn House | Kingswells Causeway
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