Lismore are delighted to bring Cumberland House, a modern hybrid HQ facility in Arnhall Business Park, Westhill, Aberdeen’s premier business hub, to the market. The modern, hybrid asset extends to 30,450 sq ft on a 1.7-acre site with low site coverage of just 25%.
It is fully let to Forum Energy Technologies (UK) Limited, with a guarantee from FET Global Holdings Limited, on a lease running until May 2036, reflecting strong tenant commitment. The passing rent was recently rebased to £360,000 per annum and will increase to £370,000 in 2030.
We are seeking offers in excess of £3,750,000, which would provide a net initial yield of 9% and a highly attractive capital value of just £123 per sq ft.