The property is four separate open plan office suites at ground and first floor level contained within a modern two-storey building of stone construction under a pitched tiled roof.
( Agency Pilot Software ref: 14876 )
Location
Aberdeen is Scotland’s third largest city with a population of approximately 230,000 and a regional catchment population of over 500,000. The city has been established as the energy capital of Europe for over 50 years and as such is a key engine of the Scottish and UK economies. The current strong and stable oil price has been the catalyst for increased investment in the traditional energy sector and activity in the local economy is on an upward trend. Economic activity will be significantly boosted following the recent granting of 100 new drilling licences. In recent years the city has also responded to climate change concerns.
A growing number of companies in the Aberdeen area are utilising their highly skilled workforce to expand their renewable energy activities – in particular wind power and hydrogen. The city is benefitting from significant public sector support in the drive to net zero with a £62m Energy Transition Fund launched in 2020. This has allocated £26m to establish an Energy Transition Zone close to the new south harbour.
Accommodation
Total accommodation comprises 5,106 sq.f
Terms
TENURE Heritable Interest (Scottish equivalent of English Freehold).
EPC A copy of the EPC is available upon request.
SERVICE CHARGE Under the terms of the leases, the landlord is responsible for the management and repair/ maintenance of the common parts of the property. A service charge regime is in place and the costs are allocated to the tenants on a pro-rata basis. Further details available upon request.
PROPOSAL Offers over £775,000, excluding VAT are sought for our client’s heritable interest. A purchase at this level would show an attractive net initial yield of 12.54%.
VAT The property has been elected for VAT and it is anticipated the sale will be treated as a Transfer of a Going Concern.
Specification
- Refurbished, open plan suites
- Provision of private offices/meeting rooms
- Double glazing
- LED Lighting
- Fully network cabled
- Kitchen/Tea prep facilities
- Communal shower facility
- Car parking provision of 12 spaces, including one EV charging point per suite