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Ashtead House & 4 Prospect Place, Westhill, Aberdeenshire, AB32, Westhill, Aberdeenshire, AB32, AB32 6FG

For sale: £4,050,000.00|12577 - 26130 Sq Ft|General Industrial, Industrial

PROPERTY DETAILS

FOR SALE£4,050,000.00
SIZE12577 - 26130 Sq Ft
ADDRESSAshtead House & 4 Prospect Place, Westhill, Aberdeenshire, AB32, Westhill, Aberdeenshire, AB32, Westhill, AB32 6FG
TYPEGeneral Industrial, Industrial
TENUREInvestment Opportunity
POSTED ON26th November 2020

DESCRIPTION

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.

LOCATION

Location: Ashtead House & 4 Prospect Place, Westhill, Aberdeenshire, AB32, Westhill, Aberdeenshire, AB32, Westhill, AB32 6FG

Dyce (5.1 miles)

Aberdeen (6.6 miles)

Portlethen (8.1 miles)

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