28B Albyn Place, Aberdeen, Aberdeenshire, AB10

Location
Located in Aberdeen's West End office district, the subject premises is situated on Albyn Place. The property is a short walk from city's main retail thoroughfare Union Street
Surrounding office occupiers in the West End include; Add Energy, Stronachs, Johnston Carmichael, Azets, RBS and Virgin Money. Locally operated Cognito on the Cross coffee shop, the Dutch Mill Hotel and No 10 bar and restaurant are also in close proximity.

Description
The subjects comprise a modern, two storey office building under a pitched and slate roof.
The property provides the following specification:
Mix of open plan and cellular office space
Staff kitchen
Tea prep
8-person passenger lift
Male, Female & accessible WCs
Shower Facilities
Board room
Meeting rooms
Raised access flooring
Suspended ceilings
VRV comfort cooling
Mix of LED and fluorescent strip lighting
Dedicated ground floor reception
Modern glazed exterior finish

Accommodation
The property extends to the following approximate Net Internal Floor Areas:

Ground 5,561 sq ft
First 4,965 sq ft
Total 10,526 sq ft

Car Parking
The subjects provide 32 exclusive car parking spaces reflecting in a generous car parking ratio of 1:329 sq ft. The car park is complemented with on site bicycle storage

Lease Terms
The subjects are currently held on a Full Repairing and Insuring lease expiring 20th of February 2027, with an upcoming tenant only break option on the 20th of February 2025 subject to 6 months written notice.
Our clients are looking to assign / sub-let their leasehold interest in the property.

Price
Offers in the region of £1,500,000, exclusive of VAT are invited for our client's heritable interest (Scottish equivalent of English Freehold).

Passing Rent
The current passing rent is £172,500 per annum, exclusive of VAT, equating to a low rent per sq ft of £16.38 psf.

Rateable Value
The current rateable value for the property as of the 1st of April 2023 is £182,000

Energy Performance Certificate
The property has an EPC of D. Full documentation can be made available upon request

VAT
All figures quoted are exclusive of VAT

Entry
Upon conclusion of Legal Missives

Legal Costs
Each party will be responsible for their own legal costs in relation to documenting a transaction. The ingoing occupier will be responsible for any LBTT and Registration Dues, if applicable.