1-3 Albyn Terrace Aberdeen AB10 1YP

  • 1-3 Albyn Terrace<br>Aberdeen<br>AB10 1YP

1-3 Albyn Terrace
Aberdeen
AB10 1YP

Prominent and Recently Refurbished Multi Let Office Investment

  • Prominent location in West End of Aberdeen city centre
  • Recently Refurbished Multi let Office Investment
  • Recent Landlord Investment of over £250,000
  • Contemporary Office Space totalling 1,081.19 sq. m. (11,638 sq. ft.) with 24 Car parking Spaces to Front and Rear of the Property
  • Neighbouring occupiers include Virgin Money, The Royal Bank of Scotland, Bank of Scotland, Azets, Shepherd and Wedderburn and Stronachs Solicitors
  • Lot
    25
  • Auction
    25th September 2024
  • Rent
    £198,730 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Prominent and Recently Refurbished Multi Let Office Investment

  • Prominent location in West End of Aberdeen city centre
  • Recently Refurbished Multi let Office Investment
  • Recent Landlord Investment of over £250,000
  • Contemporary Office Space totalling 1,081.19 sq. m. (11,638 sq. ft.) with 24 Car parking Spaces to Front and Rear of the Property
  • Neighbouring occupiers include Virgin Money, The Royal Bank of Scotland, Bank of Scotland, Azets, Shepherd and Wedderburn and Stronachs Solicitors
  • Lot 25
  • Auction 25th September 2024
  • Rent £198,730 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
67 miles north of Dundee
Roads
A90, A96
Rail
Aberdeen (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen Airport (6 miles west)
Situation

Aberdeen is Scotland’s third largest city with a population of approximately 220,000 and a regional catchment population of over 500,000. Its status as the Energy Capital of Europe has been established for over 40 years with renewable energy onshore/offshore being the new focus for the city.

Situated within the heart of Aberdeen’s West End, the property is prominently located at the eastern end of Albyn Terrace at the corner of Prince Arthur Street. The property is set back from Albyn Place, one of the city’s main arterial routes west. Union Street, the city’s main retail thoroughfare is approximately 400m east of the property and the City’s train and bus stations are within 20 minutes walking distance. Neighbouring occupiers include Royal Bank of Scotland, Bank of Scotland, Johnston Carmichael, Shepherd & Wedderburn LLP, Stronachs LLP, Global E&C and Genisis Energies.

Tenure

Heritable.

Location
Miles
67 miles north of Dundee
Roads
A90, A96
Rail
Aberdeen (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen Airport (6 miles west)
Situation

Aberdeen is Scotland’s third largest city with a population of approximately 220,000 and a regional catchment population of over 500,000. Its status as the Energy Capital of Europe has been established for over 40 years with renewable energy onshore/offshore being the new focus for the city.

Situated within the heart of Aberdeen’s West End, the property is prominently located at the eastern end of Albyn Terrace at the corner of Prince Arthur Street. The property is set back from Albyn Place, one of the city’s main arterial routes west. Union Street, the city’s main retail thoroughfare is approximately 400m east of the property and the City’s train and bus stations are within 20 minutes walking distance. Neighbouring occupiers include Royal Bank of Scotland, Bank of Scotland, Johnston Carmichael, Shepherd & Wedderburn LLP, Stronachs LLP, Global E&C and Genisis Energies.

Tenure

Heritable.

Description

The premises comprise an architecturally attractive Category B Listed building of granite and slate construction, together with a secure private car park and garages accessed via lane at the rear. The building is made up of three interlinked terraced buildings with accommodation arranged over four floors – lower ground, ground, first and second.

The building largely offers open plan modern contemporary suites. There are toilet and kitchen facilities on all floors. The building has multiple access points on Albyn Terrace, Prince Arthur Street and rear, which provides some occupiers with an exclusive entrance. The landlord has recently invested approximately £250,000 into the property including roof repairs, two new boilers and redecoration of the common areas.

VAT

VAT is applicable to this lot.

EPC

The overall building EPC is E65. Please see the legal pack for further information

Description

The premises comprise an architecturally attractive Category B Listed building of granite and slate construction, together with a secure private car park and garages accessed via lane at the rear. The building is made up of three interlinked terraced buildings with accommodation arranged over four floors – lower ground, ground, first and second.

The building largely offers open plan modern contemporary suites. There are toilet and kitchen facilities on all floors. The building has multiple access points on Albyn Terrace, Prince Arthur Street and rear, which provides some occupiers with an exclusive entrance. The landlord has recently invested approximately £250,000 into the property including roof repairs, two new boilers and redecoration of the common areas.

VAT

VAT is applicable to this lot.

EPC

The overall building EPC is E65. Please see the legal pack for further information

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
Ground Office
309.74
(3,334)
HANDELSBANKEN PLC 10 years 16/06/2023
(1)
£63,346
16/06/2028
First Office
305.37
(3,287)
ANCALA MIDSTREAM ACQUISITIONS LTD 10 years from 12/02/2024
(2)
£70,000
12/02/2029
Second Office
253.25
(2,726)
PRISM ENERGY 3 years from 28/02/2024
(3)
£24,534
 
Lower Ground Office
91.32
(983)
PATTERSON HEALTHCARE LIMITED 10 years from 01/04/2024
(4)
£14,850
01/04/2029
Lower Ground Office
43.01
(463)
I-LEANER'S HUB LIMITED 1 year from 15/08/2024
£6,000
 
Lower Ground Office
34.84
(375)
RUBISLAW RELOCATIONS 3 years from 28/06/2019 (holding over)
£6,000
 
Lower Ground Office
43.66
(470)
NURSING CO-OPERATIVE 10 years from 29/11/2023
(5)
£11,000
29/11/2028
Garage 1-3 Garage
-
-
RYDEN Rolling Monthly Licence
£3,000
 
Garage 4-8 Garage
-
-
VACANT POSSESSION      
Total  
1,081.18
(11,638)
   
£198,730
 

(1) The lease provides for a tenants option to determine the lease on 16/06/2028.
(2) The lease provides for a tenants option to determine the lease on 12/02/2029.
(3) The lease provides for a tenants option to determine the lease on 28/02/2026.
(4) The lease provides for a tenants option to determine the lease on 01/04/2029.
(5) The lease provides for a tenants option to determine the lease on 29/11/2028.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.09.24
    File Size
    61 MB
    Login to View
  • Brochure
    Updated Date
    11.09.24
    File Size
    3 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Seller's Solicitors
9 Queen Road
Aberdeen
AB15 4YL
Lewis Quinn 07881221022lewis@qalawpractice.co.uk  Claire Smith 0claire@qalawpractice.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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