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Carden Church, 6 Carden Place, Aberdeen, AB10 1UR
For Sale
-
Tenure
For Sale -
Type
Investment -
Price
Offers In The Region Of £750,000 -
Size
14,857 Sq Ft -
Ref No
15242
Property Highlights
- Opportunity to acquire a prominent, income generating asset in the West End of Aberdeen.
- Total area of the property extends to 1,380.28 sq m (14,857 sq ft) with the wider site extending to an estimated 0.29 acres.
- Attractive Capital Value of £50.48 per square foot.
- Passing Rent of £202,945 per annum.
- WAULT of 1.91 years to closest break date, rising to 5.56 years to lease expiry.
- Heritable Interest (Scottish Equivalent of English Freehold).
- Provides genuine asset management opportunities.
- We are seeking offers in the region of £750,000, exclusive of VAT for our client's Heritable Interest (Scottish Equivalent of English Freehold). A purchase at this level would reflect a Net Initial Yield of 24.74% assuming purchaser's costs of 6.8%.
Overview
Prominent office invesmtent in the West End of Aberdeen.
The subjects comprise converted offices within the Category B listed, detached former church premises known as Carden-Melville Church. The building is of traditional granite and slate construction with an impressive spire being the main feature.
The ground, first and second floors consist of a mix of open plan and cellular accommodation, with each floor connected by an impressive spiral staircase which intercepts each floorplate. The accommodation is enhanced by a number of traditional features such as stained-glass windows.
The lower ground floor, with an entrance on Albert Street, is self-contained. It is predominantly open plan with two meeting rooms and benefits from ample natural light from stunning feature windows. There is also a demised tea prep area.
There are smaller suites available at the rear of the lower ground and ground floor which also benefit from a self-contained entrance. The accommodation benefits from 21 car parking spaces across two car parks to the front and rear of the building.