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Bishop House 50 Carden Pl 7,260 SF Office Building Aberdeen AB10 1UP $3,648,302 CAD ($502.52 CAD/SF) 8.03% Cap Rate
Investment Highlights
- Seeking £1,890,000 (One Million, Eight Hundred and Ninety Thousand Pounds Sterling) exclusive of VAT.
- Rare opportunity to acquire a prestigious income generating West End property.
- Let to Space Solutions (Scotland) Limited on Full Repairing and Insuring (FRI) lease terms subject to a photographic schedule of condition.
- WAULT of 10+ years to expiry.
- The price reflects a NIY of 8.5% assuming standard purchasers costs of 6.23%.
- 674.54 sq. m (7,260 sq. ft) across three levels.
- Lease extended to 1st June 2035 with a rent of £170,610 effective from 1st June 2025.
- D&B Rating: 2A3. Creditsafe Score: 63.
Executive Summary
Rare opportunity to acquire a prestigious, income generating West End property. Seeking £2,000,000 exclusive of VAT. The price reflects a NIY of 8.03% assuming standard
purchasers’ costs of 6.23%.
purchasers’ costs of 6.23%.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
7,260 SF
Building Class
B
Year Built
1887
Price
$3,648,302 CAD
Price Per SF
$502.52 CAD
Cap Rate
8.03%
NOI
$292,959 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,401 SF
Building FAR
0.76
Lot Size
0.22 AC
Parking
22 Spaces (3.05 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Kitchen
- Demised WC facilities
- Drop Ceiling
- Raised Floor System
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Bishop House | 50 Carden Pl
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