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Crawpeel Road , Altens Industrial Estate , Aberdeen , AB12 3FG

1

Tenure:

For Sale

Type:

Investment property

Price:

£3,500,000 Offers Over

Size:

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

Floors/Units:
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
Refurbished industrial and office facility in a popular industrial estate
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%

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