On behalf of Braefoot Cox, Reith Lambert have been appointed to sell the Altec Centre, Altens, Aberdeen.

• Altens is one of the prime and best located commercial areas in Aberdeen
• Two office blocks providing seven 2-storey interconnecting offices
• 29,495 sq ft let to 6 quality tenants
• The current rent is £468,087 pa with rents ranging from £15.00 to £18.19 psf
• Our ERV is £480,048 pa which assumes £16.00 psf for the 2,000 – 3,000 sq ft units and £18.00 psf for the 1,000 sq ft units
• Strong tenant demand demonstrated by significant recent letting activity
• Very strong Aberdeen economy creating an environment for further rental growth
• Offers over £5,000,000 reflecting a net initial yield of 8.85% and a reversionary yield of 9.07% assuming 5.80% purchasers costs