A heritable bank investment located in Dunfermline, Fife, is being offered at a guide price of £500,000 at the upcoming Acuitus auction. The 6,956 sq ft property is entirely let to long-term tenant Clydesdale Bank, trading as Virgin Money, under a recently extended lease for 10 years, subject to options, and produces £62,500 p.a. in rental income.
Elsewhere in Scotland, a mixed development opportunity in central Aberdeen comprising two substantial buildings is being offered at a guide price of £350,000-£375,000. Currently in vacant possession, the 88,794 sq ft property includes a Grade B listed Schoolhill building, formerly a Student Union. Alongside the Clarke Building, conditional planning consent was granted in 2015 for the total property to be converted to 255-bed boutique hotel.
A number of additional office investment opportunities in Aberdeen will also be offered at the December auction.
- Ruby House, Ruby Lane – guide price £500,000. Vacant possession, 40,628 sq ft property. Heritable office opportunity with planning consent for residential redevelopment.
- Royfold House, Hill of Rubislaw – guide price £350,000. Vacant possession, 23,245 sq ft office building benefitting from an established 100-space car park.
- Pavilion 2, Aspect 32, Arnhall Business Park – guide price £450,000. Heritable 24,205 sq ft office building, vacant possession and prominently situated.
- 3 West Craibstone Street – guide price £150,000. Vacant possession. Heritable office opportunity in traditional city centre, with redevelopment potential, subject to consents.
- 5-7 Weigh House Square & 6-10 Virginia Street – guide price £50,000. Vacant possession, 44,541 sq ft property. Traditional warehouse buildings with development potential, subject to consents.
Mhairi Archibald, Scottish Consultant for Acuitus comments: “Aberdeen offers a great number of office investment opportunities for investors looking to diversify their portfolios, with redevelopment potential as best suited to the investor. Particularly the former Schoolhill building, which offers a hotel opportunity in the heart of the city.”
The Acuitus auction will take place on December 12 at 1pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy. Further details here
