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20 Ann St 2,062 sq ft Office Property Stonehaven AB39 2EN £200,000 (£96.99/sq ft) 9.31% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Long-term tenant
- Easy access to the A90
- Fitted out with multi-purpose rooms
EXECUTIVE SUMMARY
The opportunity comprises of a traditional property that provides a reception area along with office accommodation and meeting rooms. The reception benefits from a large display window to the street, while the internal area as a whole is fitted to use as an estate agency.
Other details:
- Currently let to James & George Collie LLP
- Lease expires 30th September 2039, subject to a tenant only break option on 30th September 2034
- Passing rent is £19,000 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 c.1984
Other details:
- Currently let to James & George Collie LLP
- Lease expires 30th September 2039, subject to a tenant only break option on 30th September 2034
- Passing rent is £19,000 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 c.1984
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
2,062 sq ft
Costar Property Class
B
Year Built
1705
Price
£200,000
Price per sq ft
£96.99
Yield
9.31%
NOI
£18,620
Tenancy
Single
Number of Floors
1
Typical Floor Size
2,062 sq ft
AMENITIES
- Security System
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VIDEOS
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20 Ann St
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