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Pine Portfolio, Aberdeen, AB12 3BG Image

Pine Portfolio, Aberdeen, AB12 3BG

For Sale

  • Tenure

    For Sale
  • Type

  • Price

    Offers in Excess Of £5,750,000
  • Size

    16 Acres
  • Ref No


Property Highlights

  • The sites extend to a total of 16 acres (6.47 hectares), seven of which have been developed.
  • All sites are held on a heritable basis (equivalent to English freehold).
  • The portfolio is leased to a wide range of tenants and offers excellent long-term security with potential for ongoing portfolio management.
  • 100% of the rental income is secured by tenants with a very low risk credit rating
  • Notable tenants include Stena Drilling Limited and Schlumberger Oilfield UK Limited.
  • The total current income is £379,145 per annum.
  • The WAULT to expiries is c.92 years
  • Offers in excess of £5.75m are sought for our client's heritable interest in the portfolio. A purchase at this price would show a net initial yield of 6.19% after deducting purchaser's costs.


The portfolio comprises 7 industrial ground lease sites and one vacant site located at East Tullos Industrial Estate, Aberdeen.