The subjects comprise an attractive semi-detached former townhouse of granite construction under a pitched slated roof.
( Agency Pilot Software ref: 12445 )
Location
Balmoral House is located on Carden Place within the heart of Aberdeen’s prime West End office district and a short distance from Queen’s Cross roundabout. By virtue of its location, the building benefits from excellent transport communications, including immediate access to the main road infrastructure serving the city. The surrounding area accommodates a variety of occupiers from the energy, finance and professional sectors. Occupiers within the vicinity include Virgin Money, The Royal Bank of Scotland, ETZ Ltd, Johnston Carmichael Stronachs, Azets, Savills, Shepherd & Wedderburn, Rockrose Energy and Thorpe Molloy. There is also a vast array of local amenities, including convenience stores, coffee shops and eateries
Terms
PROPOSAL Offers over £595,000 excluding
VAT are sought for our client’s heritable interest in the estate. A purchase at this level would show an attractive net initial yield of 14.42% after deduction of purchaser’s costs and LBTT.
VAT The property has been elected for VAT and it is anticipated the sale will be treated as a Transfer of a Going Concern.
ANTI-MONEYLAUNDERING REGULATIONS To comply with the current anti-money laundering regulations the agents acting on both sides of any qualifying transaction are required to undertake appropriate due diligence in advance of the transaction, including identifying and verifying all relevant parties and establishing the source(s) and legitimacy of funding. Both parties will be required to disclose all relevant information prior to conclusion of missives required to enable the agents to meet their respective obligations under the Regulation.
Specification
- Let to Grampian Children’s Respite Care (Charlie House)
- Passing rent of £90,XXXa
- Offers over £595,000 exc VAT are invited
- Attractive net initial yield of 14.42%