Prime Single-Let Industrial Investment Opportunity
Opportunity to purchase a prime, industrial investment situated in the established commercial location of Bridge of Don, Aberdeen. The property comprises a modern industrial facility extending to 11,814 sq ft together with secure yard and associated parking Let to Fugro GB (North) Marine Ltd (D&B Rating 5A1) from 1st October 2018 until 30 September 2028 subject to a break option on 20th June 2024. Current passing rent of £130,000 per annum The lease incorporates provision of an open market rent review due on 20th June 2024. Heritable interest (Scottish equivalent of English Freehold)
Offers in excess of £1,500,000 (One Million Five Hundred Thousand Pounds Sterling) are sought for our client’s heritable interest, subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 8.20%, after purchaser’s costs at 5.65%.
New, high quality industrial unit, with offices and large secure yard.
THE CORE is located in Bridge of Don,to the north of Aberdeen city centre,overlooking the Royal Aberdeen and Murcar Links golf courses. Accessed from the A90,it is the gateway to the Energetica Corridor (www.energetica.uk.com) and benefits from being adjacent to the new AWPR connection (in 2018). > 4 miles to city centre & harbour > 8 miles to Aberdeen International Airport > 1.5 miles to AWPR > 1 mile to AECC > 1 mile to Holiday Inn > 2 miles to Royal Aberdeen Golf Club > 6 miles to Trump International Golf Links > 250 metres to beach > 5 mins walk to Premier Inn > 5 mins walk to Murcar Links Golf Club
Core 3 was completed in 2016, providing a high performance industrial unit and offices with secure and self-contained yard. The unit benefits from BREEAM "Excellent" and EPC "A" ratings which deliver significant running cost savings for occupiers. The site extends to a total of approximately 2.61 acres (1.06 hectares).
Further information and access to a data room containing detailed technical, planning and legal information can be made available to seriously interested parties.