Lismore Real Estate Advisors has advised abrdn on the sale of Kings Close, Aberdeen to David Samuel Asset Management.
Kings Close is a well specified office located in Aberdeen city centre. Extending to 32,935 sq.ft, Kings Close is let to Dana Petroleum for a further 5 years at a passing rent of £671,000 per annum reflecting a low rate of £20.37 per sq.ft .
The sale price of £5.25m reflects a net initial yield of 11.99%.
