14993: Pine Portfolio, Aberdeen, AB12 3BG

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.

Pine Portfolio, Aberdeen, AB12 3BG