Let on an 125 year lease to CBRE UKPF PAIF Nominee No. 3 Unlimited expiring May 2133
Located in the established North Dee Business
Quarter in Aberdeen City Centre Four yearly upward only rent reviews
Lot 21
Auction 19th October 2017
Rent £23,463 per Annum Exclusive
Status Sold Prior
Price
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
Aberdeen City Centre,, 67 miles north-east of Dundee
Roads
A956, A93
Rail
Aberdeen Rail
Air
Aberdeen International Airport
Situation
The property is strategically and prominently positioned just off North Esplanade West fronting Old Ford Road in Aberdeen City Centre. The property forms part of the North Dee Business Quarter, a city centre business district which has recently been developed offering around 300,000 sq ft of office accommodation. The site benefits from strong transport links from the A39 and Aberdeen Rail Station. Nearby occupiers include ENGIE, EnQuest, PD&MS Energy and Cornerstone Charity.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
Aberdeen City Centre,, 67 miles north-east of Dundee
Roads
A956, A93
Rail
Aberdeen Rail
Air
Aberdeen International Airport
Situation
The property is strategically and prominently positioned just off North Esplanade West fronting Old Ford Road in Aberdeen City Centre. The property forms part of the North Dee Business Quarter, a city centre business district which has recently been developed offering around 300,000 sq ft of office accommodation. The site benefits from strong transport links from the A39 and Aberdeen Rail Station. Nearby occupiers include ENGIE, EnQuest, PD&MS Energy and Cornerstone Charity.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a site area of approximately 0.429 nacres (0.1738 hectares) upon which has been constructed a substantial five storey office building comprising approximately 31,094 sq ft of open plan accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a site area of approximately 0.429 nacres (0.1738 hectares) upon which has been constructed a substantial five storey office building comprising approximately 31,094 sq ft of open plan accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Site Area
Tenant
Term
Rent p.a.x
Reviews
Freedom House (527)
0.429 acres (0.1738 hectares)
CBRE UKPF PAIF NOMINEE NO. 3 UNLIMITED (1)
Approx. 125 years from 01/08/2008 until 27/05/2133
£23,463
28/05/2020 and four yearly
Total
0.429 acres (0.1738 hectares)
£23,463
(1) CBRE UK Property PAIF Nominee No. 3 Unlimited is a property authorised investment fund managed by CBRE Global Investors. CBRE Global Investors is one of the world’s largest real estate investment management firms, with $98.9 billion in assets under management (Source: cbreglobalinvestors.com 25/09/2017).
