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1-7 East Craibstone St 10,422 sq ft Office Property Aberdeen AB11 6YQ £800,000 (£76.76/sq ft)
Investment Highlights
- Let to James & George Collie LLP.
- Rental Income - £95,000 per annum (subject to reduced rent for first 5 years).
- Price - £800,000.
- Long Established Occupier.
- Lease Expiry - 30th September 2039.
Executive Summary
The opportunity comprises of traditional granite and slate townhouses located on East Craibstone Street along with a further attached building at 30 Bon Accord Street, all of which is used for office purposes and inter-connected.
East Craibstone Street is used as the main reception and offices for the occupier.
Relevant details:
- Let to James & George Collie LLP
- Lease expires 30th September 2039, subject to tenant only break option on 30th September 2034
- Passing rent of £95,000 pa, subject to a rental reduction spread over the first five years of the lease
- Five-yearly rent reviews
- FRI terms, reduced repairing obligation over term of the lease
- Tenant has been in occupation since 1924
East Craibstone Street is used as the main reception and offices for the occupier.
Relevant details:
- Let to James & George Collie LLP
- Lease expires 30th September 2039, subject to tenant only break option on 30th September 2034
- Passing rent of £95,000 pa, subject to a rental reduction spread over the first five years of the lease
- Five-yearly rent reviews
- FRI terms, reduced repairing obligation over term of the lease
- Tenant has been in occupation since 1924
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
10,422 sq ft
Costar Property Class
B
Year Built
1715
Price
£800,000
Price per sq ft
£76.76
Tenancy
Single
Number of Floors
4
Typical Floor Size
3,385 sq ft
Plot ratio
4.10
Total Plot Size
0.06 ac
Amenities
- Security System
- Storage Space
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1-7 East Craibstone St
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