Site 540, Russell Road, Aberdeen

Description

The site occupies a prominent corner position at the junction of North Esplanade West and Russell Road. It has been developed to deliver a high quality office headquarters building, capable of occupation either by a single corporate tenant or on a multi let basis. The development comprises a six storey office building with a total gross internal floor area of approximately 4,328.80 sq m (46,991 sq ft), together with undercroft car parking provision.

Accommodation

Site area 0.448 acres (19,504 sq ft/1,812 sq m). Total gross internal floor area approximately 4,328.80 sq m (46,991 sq ft).

Location

The property occupies a strategic position within the North Deeside Business Quarter, an established commercial district immediately south of Aberdeen city centre. It occupies a prominent corner position at the junction of North Esplanade West and Russell Road.

Tenure / Property Information

Investment Analysis

The £295,000 guide is not sufficient evidence of market value. The asset is a substantial six-storey office building of approximately 46,991 sq ft on a 0.448-acre site, with undercroft parking, and is let to Aberdeen Ardent Nominees Ltd on a lease stated to expire in 2139. However, no passing rent, lease rent, lease terms beyond the stated expiry and review provisions, external rental comparables, EPC or fee information has been supplied. A GDV, investment value or maximum bid cannot therefore be reliably estimated.

Investment Snapshot

Strategy Recommendation

Do not bid on the present evidence. Obtain and review the occupational lease, current passing rent, rent review provisions, tenant covenant information, title, building condition, EPC and commercial valuation before considering this as a long-term commercial investment.

Works Required

No specific repair, refurbishment or compliance works are evidenced. Due diligence should establish the building's condition, services, statutory compliance, EPC position, occupational lease obligations and any landlord liabilities before bidding.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable from the evidence. There is no refurbishment budget, passing rent, commercial valuation, financing cost or refinance valuation. The next stated upward-only open-market rent review is 28 May 2029, but the current rent and review mechanics are not supplied.

Buy-to-Let Analysis

This is a commercial office investment rather than a supported residential BTL opportunity. The property is stated to be let, but no passing rent or rent payable under the lease has been provided. Consequently, rental income, yield, operating-cost coverage and investment value cannot be calculated.

Flip Analysis

A flip or redevelopment resale case cannot be established. The building is described as a completed six-storey office headquarters, but there are no comparable sales, resale valuation, works budget, selling costs or evidence supporting a change of use or redevelopment strategy.

Investor Risks & Due Diligence

• No passing rent or lease rent is disclosed, preventing yield and investment-value analysis.

• The property is let under a long lease stated to expire in 2139; the full occupational lease and landlord obligations require review.

• The next stated upward-only open-market rent review is not until 28 May 2029, and its effect cannot be assessed without the current rent and lease terms.

• No external rental comparables or completed sales evidence has been supplied.

• No condition, EPC, building-services, compliance or refurbishment-cost evidence has been supplied.

• Buyer premium, administration charge and other transaction costs are not supplied.

• Commercial office demand, reletting and valuation risk cannot be assessed from the supplied evidence.

Recommendation

Do not bid on the present evidence. Obtain and review the occupational lease, current passing rent, rent review provisions, tenant covenant information, title, building condition, EPC and commercial valuation before considering this as a long-term commercial investment.

Strategy Rating

Analysis Confidence

The description, floor area, site area, tenure, occupancy, lease expiry, rent-review timing and guide are supplied, but passing rent, lease economics, comparables, condition, costs, EPC and transaction fees are absent.