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Bishop House 50 Carden Pl 7,260 sq ft Office Property Aberdeen AB10 1UP £2,000,000 (£275.48/sq ft) 8.03% Net Initial Yield
Investment Highlights
- Seeking £1,890,000 (One Million, Eight Hundred and Ninety Thousand Pounds Sterling) exclusive of VAT.
- Rare opportunity to acquire a prestigious income generating West End property.
- Let to Space Solutions (Scotland) Limited on Full Repairing and Insuring (FRI) lease terms subject to a photographic schedule of condition.
- WAULT of 10+ years to expiry.
- The price reflects a NIY of 8.5% assuming standard purchasers costs of 6.23%.
- 674.54 sq. m (7,260 sq. ft) across three levels.
- Lease extended to 1st June 2035 with a rent of £170,610 effective from 1st June 2025.
- D&B Rating: 2A3. Creditsafe Score: 63.
Executive Summary
Rare opportunity to acquire a prestigious, income generating West End property. Seeking £2,000,000 exclusive of VAT. The price reflects a NIY of 8.03% assuming standard
purchasers’ costs of 6.23%.
purchasers’ costs of 6.23%.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
7,260 sq ft
Costar Property Class
B
Year Built
1887
Price
£2,000,000
Price per sq ft
£275.48
Yield
8.03%
NOI
£160,600
Tenancy
Single
Number of Floors
3
Typical Floor Size
2,401 sq ft
Plot ratio
0.76
Total Plot Size
0.22 ac
Parking
22 Spaces (3.05 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Kitchen
- Demised WC facilities
- Suspended Ceilings
- Raised Floor System
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Bishop House | 50 Carden Pl
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