Crawpeel Road , Altens Industrial Estate , Aberdeen , AB12 3FG
£3,500,000 Offers Over
1,919 - 53,962 Sq ft
The property comprises a substantial office and industrial facility with a secure yard and associated car parking.
The total site is estimated to be approximately 1.26 hectares (3.10 acres) and has been developed to provide six adjoining and inter-connected buildings - three of which are used entirely for offices, one hybrid providing offices and warehousing, one large workshop unit with an extension and a small storage building.
A partial refurbishment of the facility was carried out in 2014 with the landlord and tenant contributing to the total cost.
EPC Rating - D
|Building 1||11,479 Sq ft|
|Building 2||6,457 Sq ft|
|Building 3||5,044 Sq ft|
|Building 4||19,043 Sq ft|
|Building 5||10,020 Sq ft|
|Building 6||1,919 Sq ft|
|TOTAL||1,919 - 53,962 Sq ft|
Total accommodation comprises 5,013 sq m (53,962 sq ft)
Let to Odfjell Drilling (UK) Ltd - 3A1 covenant
Very low rent - c. 45% below market value
Annual CPI uplifts
10 year lease expiring 28 February 2025
Offers over £3,500,000 exclusive of VAT
Attractive net initial yield of 9.16%