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Offices for sale in Westhill, Aberdeenshire

Create Alert 5 results
For SalePOA
To Let/May SellModern Office Premises with Car ParkingGround Floor: 96.35 sq.m (1,037 sq.ft)First Floor: 109.77 sq.m (1,182 sq.ft)Total: 206.16 sq.m (2,219 sq.ft)Available on a Floor by Floor Basis
, 4 Abercrombie Court, Arnhall Business Park, Westhill, Aberdeenshire, AB32 6FE
Type: Office, Offices
Location: 4 Abercrombie Court, 4 Abercrombie Court, Arnhall Business Park, Westhill, AB32 6FE
Size: 2219 Sq Ft
Images: 2
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For SalePOA
Development has commenced on site and the first pavilions were completed in early 2014. The park will be designed to the highest specification and incorporates extensive landscaping areas and car parking facilities. Each pavilion has been designed to a high specification and will afford ingoing occupiers an excellent working environment.
Kingshill Park
Type: General Industrial, Land, Mixed Use, Office, Industrial, Commercial Land, Other Property Types & Opportunities, Offices
Location: Kingshill Park, Venture Drive, Westhill, Aberdeenshire, AB32 6FL
Size: 35400 Sq Ft
Images: 3
Brochures: 1
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For SalePOA
The development will comprise a number of new build industrial properties each containing office, warehouse/workshop, secure concrete yards and private parking.

Each property has been designed to a high specification, and will afford ingoing occupiers an excellent working environment.
Kingshill Commercial Park
Type: General Industrial, Land, Mixed Use, Office, Industrial, Commercial Land, Other Property Types & Opportunities, Offices
Location: Kingshill Commercial Park, Venture Drive, Westhill, Aberdeenshire, AB32 6FL
Images: 1
Brochures: 1
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For Sale£85,500.00
OR
For RentROA
Grade A Office Building with Parking
14 Abercrombie Court, Prospect Road, Aberdeen, AB32 6FE
Type: Office, Offices
Location: 14 Abercrombie Court, Prospect Road, Arnhall Business Park, Westhill, Aberdeen, AB32 6FE
Size: 5192 Sq Ft
Images: 1
Brochures: 1
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For SalePOA

Thermopylae House, Teekay House & Proserv House, Westhill, Aberdeen - Prime Long Income Investments With Guaranteed Rental Growth



- Teekay House is let to Teekay Petrojarl UK Limited (guaranteed by Teekay Corporation) until 31st March 2028 at a passing rent of £430,066 per annum and benefits from upward only rent reviews with minimum uplifts. We calculate the next uplift, due at 4th March 2018 to be £498,576 per annum, the vendor will ‘top up’ the rent to this level. We calculate the subsequent 2023 and 2028 rent reviews to provide minimum rental uplifts of £577,999 per annum and £670,074 per annum respectively. The tenant has 2 options to extend the lease by a further 5 years.

- Teekay House provides modern office accommodation extending to 19,985 sq ft of over ground, first and second floors together with 77 parking spaces.

- Proserv House, is let to Proserv UK Limited (guaranteed by Proserv Group Incorporated) until 8th November 2033 at a passing rent of £549,947 per annum and benefits from upward only rent reviews with minimum uplifts. We calculate the next uplift, due at 9th August 2018 to be £559,097 per annum, the vendor will ‘top up’ the rent to this level. We calculate the subsequent 2023, 2028 and 2033 rent reviews to provide minimum rental uplifts of £646,704 per annum, £739,116 per annum and £856,857 per annum respectively.

- Proserv House provides modern office accommodation extending to 24,173 sq ft of over ground, first and second floors together with 65 parking spaces.

- Thermopylae House is let in its entirety to Kongsberg Maritime Limited (guaranteed by Kongsberg Gruppen ASA) until 12th February 2028 at a passing rent of £572,901 per annum.

- The lease incorporates provision of 5 yearly fixed rental uplifts with the next uplift due in June 2022 to £664,150 per annum and the final uplift due in June 2027 to £769,931 per annum;

- Thermopylae House provides modern office accommodation extending to 26,878 sq ft benefitting from 88 car spaces providing an excellent parking ratio of 1:305 sq ft;

- The overall WAULT is 12.07 years to expiry.

- Heritable Interest (Scottish Equivalent of English Freehold).

Offers in excess of £19,800,000 (Nineteen Million, Eight Hundred Thousand Pounds Sterling) are sought for the benefit of our client’s heritable interest in the properties, subject to contract and exclusive of VAT.

Assuming an initial rent roll of £1,630,574 per annum, purchase at this level provides the following yield profile after purchaser’s costs at 6.25%:

(Date - Yield)

Purchase 7.75%

2022 8.18%

2023 8.98%

2027 9.48%

2028 10.36%

Consideration may be given to the sale of the properties separately or as packages subject to negotiation.

Thermopylae House, Teekay House & Proserv House, Westhill, AB32 6FE
Type: Office, Offices
Location: Thermopylae House, Teekay House & Proserv House, Thermopylae House, Teekay House & Proserv House, Aberdeen, Westhill, AB32 6FE
Size: 71036 Sq Ft
Images: 3
Brochures: 4
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