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Wellheads Industrial Estate, Wellheads Crescent, Dyce, Aberdeen, Aberdeenshire, AB21

For sale: £18,725,000.00|222,850 Sq Ft|Distribution Warehouse, General Industrial, Industrial Park, Retail Park, Warehouse, Industrial, Retail

Property details

FOR SALE£18,725,000.00
SIZE222,850 Sq Ft
ADDRESSWellheads Industrial Estate, Wellheads Crescent, Dyce, Aberdeen, Aberdeenshire, AB21
TYPEDistribution Warehouse, General Industrial, Industrial Park, Retail Park, Warehouse, Industrial, Retail
TENUREInvestment Opportunity
POSTED ON4th November 2022

Description

Prominent multi-let industrial investment opportunity. Rare opportunity to acquire a multi-let industrial estate located adjacent to Aberdeen Airport. - Wellheads Industrial Estate is a multi let industrial scheme comprising 37 individual units over seven separate blocks.

The total site are is 4.65 ha (11.49 acres) with a site coverage of 45%.

Rare opportunity to acquire a multi-let industrial estate located adjacent to Aberdeen Airport.

Majority let to the excellent covenant of RWG (Repair & Overhauls) Limited providing 59% of the rental income.

A diverse range of occupiers make up the remaining tenants including Schenker Limited, Contract Solutions (Grampian) Ltd, Aberdeen Web Ltd, Babcock Mission Critical Services Offshore Ltd, Merseyflex Limited, Ethosenergy (GBR) Ltd, WF Alloys Ltd, Flexitalic UK Ltd and Klinger Ltd.

The marketing rent is £1,652,450 per annum reflecting a low rental value of £8.44 per sq ft.

Gross internal area of 20,703 sq m (222,850 sq ft) across 37 units, offering a diverse range of unit sizes between 3,565 – 21,979 sq ft.

The estate provides an attractive WAULT of 5.28 years to break options and 5.43 years to lease expires.

Opportunity to let the vacant units and increase the rental income to £1,998,800 per annum based on ERV, creating a 21% increase in rental returns.

Heritable interest (Scottish equivalent of English
Freehold).

Location

marker
Location: Wellheads Industrial Estate, Wellheads Crescent, Dyce, Aberdeen, Aberdeenshire, AB21

Dyce (0.8 miles)

Aberdeen (4.8 miles)

Inverurie (9.4 miles)

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