Lloyd's Register, Prime Four, Aberdeen, AB15 8PU

Lloyd's Register, Prime Four - Prestigious Long Income Investment Opportunity
Investment Summary- Aberdeen is one of the most prosperous business focussed cities in the UK.
- Prime Four is a unique development providing Aberdeen's first and only world class business park.
- 100,000 sq ft of Grade A office space let to Lloyd's Register EMEA (D&B 5A1) for 15.5 years with target lease commencement date of January 2017.
- Initial rent of £2,875,000 per annum which equates to £28.75 per sq ft (subject to measurement).
- Guaranteed rental growth with 5 yearly reviews to the higher of 3% per annum compounded or open market rent.
- Heritable Interest (Scottish equivalent of English freehold).
 
Offers in excess of £41,000,000 are sought for our client's Heritable interest, subject to contract and exclusive of VAT, on the basis of a forward commitement to purchase upon completion. A purchase at this level reflects a NIY of 6.60% based on purchaser's costs at 6.28%, with a minimum reversion to 7.65% at year 5 and 8.87% at year 10.

Location