Property for sale

The property is arranged over ground floor with a small first floor element providing office and staff facilities. The property is presented in a standard Santander corporate specification with floors overlaid in laminated timber and ceramic tile with lighting provided by way of L.E.D spots within the suspended tile ceiling, air conditioning units are also within the ceiling. Glass partitions have been erected to form individual meeting rooms, with rear counter area providing further work space. Area The property has been calculated to extend to the following internal area: Ground: 261.24sqm (2,812sq ft) 1st: 33.17sqm (357sq ft) Total: 294.41sqm (3,169sq ft) Executive Summary The property is held on a full repairing and insuring head lease on the following terms Tenant: Santander UK Plc Expiry: 31st December 2030 Rent Review/Break: December 2025 Passing Rent: £57,000p.a.x Covenant: Santander UK PLC are a wholly owned subsidiary of Banco Santander SA. Interested parties can review Santander UK PLC’s 2021 annual accounts online. Pre Tax profits for the latest year are stated as being £1.85B. The business has 14 million active UK customers and 450 branches ( 171-177 Union Street is the only Aberdeen branch). Santander is the 3rd largest retail mortgage provider in the UK and employs 18000 full time equivalent employees. V.A.T The vendor has opted to waive their option to tax, as such the transaction will be treated as a transfer of a going concern.

Auction Details
09 January 2025, 10am-3pm
Timed Online Auction

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