MODERN CITY CENTRE OFFICESWITH GENEROUS CAR PARKING

TO LET

HOLBURN HOUSE475/485 UNION STREETABERDEEN AB10 6BT

LOCATION

The property occupies a prominent site on the South side of Union Street, Aberdeen’s principal shopping thoroughfare, at the Western end close to Holburn junction and the established office sector.

Aberdeen is Scotland’s third city, known as the oil capital of Europe, and boasts one of the most dynamic economies within the UK.

The site is as shown on the plan opposite for identification purposes only.

DESCRIPTION

The property comprises the first and second floors within a four storey and basement building of modern design and construction incorporating double glazed windows, central heating, acoustic tile ceilings, comfort cooling, male and female toilets, kitchenette and passenger lift serving all floors.

ACCOMMODATION

The accommodation, which was originally open plan, has been partly partitioned and provides the following floor areas.

Net Internal Area

First Floor (Front) 216m2 (2,323 sq ft)

First Floor (Rear) 363m2 (3,911 sq ft)

Second Floor 583m2 (6,276 sq ft)

Total 1,162 m2 (12,510 sq ft)

CAR PARKING

A total of 26 car parking spaces are provided allocated 5 spaces to the first floor front suite, 8 spaces to the first floor rear suite and 13 spaces to the second floor.

ADDITIONAL ACCOMMODATION

The ground floor suite within Holburn House is also being marketed directly by the landlord and extends to 495.2m2 (5,330 sq.ft) with 8 car parking spaces which effectively means a total of 1,657.2m2 (17,840 sq ft) with 34 spaces could be available within the building.

RATING ASSESSMENT

The property is entered in the current Valuation Roll as follows:-

Net & Rateable Value £187,000 (total)

The uniform Business rate for 2014 / 2015 is 48.2p in the £.

LEASE TERMS

The accommodation is held on three separate Full Repairing and Insuring leases until 31st December 2018 without review. The lease of the first floor rear suite contains a Schedule of Condition and a cap on service charge.

RENTALS

First Floor (Front) £48,000 per annum

First Floor (Rear) £80,000 per annum

Second Floor £127,500 per annum

Total £255,500 per annum

V.A.T.

All figures quoted are exclusive of Value Added Tax.

ENTRY

On completion of legal formalities.

PROPOSAL

Our clients are seeking to assign their interest in the three suites either together or individually. Alternatively we would consider a sublease subject to agreeing appropriate rentals.

EPC

The suites have the following energy performance certificate ratings:-

First Floor (Front) D

First Floor (Rear) D+

Second Floor E

LEGAL COSTS

Each party will pay their own legal costs incurred in the transaction with the tenant liable for SDLT and registration dues in the normal manner.

OFFERS AND VIEWINGS

All offers should be submitted in writing to the sole agents who will also make arrangement to view on a strictly be appointment basis.