Industrial Investment Opportunity - Two Modern Industrial Units in Westhill, Aberdeenshire - Two single let, industrial units within the prime Westhill area of Aberdeen.
Let to Ashtead Technology Ltd who have a Dun and Bradstreet rating of 4A2 and tangible net worth of £21,908,000 and Vallourec Oil & Gas UK Ltd who have a Dun and Bradstreet rating of 2A3 and tangible net worth of £3,611,000.
Total rent of £359,061 per annum, rising to £386,565 per annum with effect from 27th June 2022 by way of a fixed rent review increase.
Weighted average unexpired lease term of 5.88 years.
Both tenants have a 100% rent payment history.
Ashtead House comprises a modern industrial property built in 2012 with integrated two storey offices, dedicated concrete yard and car parking. The tenant has installed a mezzanine within the workshop with high quality workshop offices below.
4 Prospect Place comprises an industrial warehouse and a modern two storey office built in c. 2003 together with dedicated concrete yard and car parking.