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43 Dee St 1,919 sq ft 100% Let Office Property Aberdeen AB11 6DY £250,000 (£130.28/sq ft) 11.71% Net Initial Yield

Investment Highlights
- Lease extended to 13th July 2031 with a Passing rent £30,000 per annum
- 15 car spaces
- NIY 11.71%
Executive Summary
The property has been leased on Full Repairing and Insuring terms to The House of Hair (Aberdeen) Ltd since 14th July 2021. The tenant personally guarantees the lease and the repairing obligations are restricted by way of a schedule of condition. A 5 year lease extension is in the process of being documented taking the lease expiry to 13th July 2031. The passing rent is £30,000 per annum and there are no further rent reviews.
The subjects comprise a substantial, detached, two storey and attic, stone built building with private parking for approximately 15 cars. The ground floor compromises reception area, waiting room, staffroom, staff wc , customer wc and two private treatment rooms. The first floor comprises the main salon area with further treatment room and the attic provides two storage rooms. The property benefits from gas central heating and is Category B Listed.
The subjects comprise a substantial, detached, two storey and attic, stone built building with private parking for approximately 15 cars. The ground floor compromises reception area, waiting room, staffroom, staff wc , customer wc and two private treatment rooms. The first floor comprises the main salon area with further treatment room and the attic provides two storage rooms. The property benefits from gas central heating and is Category B Listed.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
1,919 sq ft
Costar Property Class
B
Year Built
1880
Price
£250,000
Price per sq ft
£130.28
Yield
11.71%
NOI
£29,275
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
827 sq ft
Parking
15 Spaces (6.05 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
- Open-Plan
- Reception
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43 Dee St
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