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  • The Exchange No 1 & 2, Market Street, Aberdeen, Scotland, AB11 5PJ Image
  • The Exchange No 1 & 2, Market Street, Aberdeen, Scotland, AB11 5PJ Image
  • The Exchange No 1 & 2, Market Street, Aberdeen, Scotland, AB11 5PJ Image
  • The Exchange No 1 & 2, Market Street, Aberdeen, Scotland, AB11 5PJ Image
  • The Exchange No 1 & 2, Market Street, Aberdeen, Scotland, AB11 5PJ Image

The Exchange No 1 & 2, Market Street, Aberdeen, Scotland, AB11 5PJ

For Sale

  • Tenure

    For Sale

  • Type

    Investment

  • Price

    Offers in Excess Of £4,500,000

  • Size

    82,726 Sq Ft

  • Ref No

    15687

Property Highlights

  • Very prominent city centre location with striking views over Aberdeen harbour
  • Approximate total floor area of 82,726 sq ft (7,685 sq m)
  • Total current rental income of £930,320 per annum
  • Low risk tenants with a range of vacant refurbished suites
  • Asset management opportunities via lease regears and new lettings
  • Heritable interest (Scottish equivalent of English Freehold)
  • WAULT of 2.9 years to expiry (2.6 years to break)
  • Offers in excess of £4,500,000 are invited, reflecting a net initial yield of 19.40%
  • Low capital rate of £54.40 per sq ft provides an excellent opportunity to add value and create profit

Overview

Constructed over 40 years ago, the property has been refurbished and extended since to provide high quality office accommodation within two adjoining buildings in the heart of Aberdeen City Centre.

Exchange 1 generally provides larger floor plates, from 4,500 sq ft - 9,165 sq ft over 9 storeys, while Exchange 2 provides smaller floor plates from 3,650 sq ft - 3,843 sq ft over 5 storeys.