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  • Spruce Portfolio, Aberdeen, AB12 3LH Image
  • Spruce Portfolio, Aberdeen, AB12 3LH Image
  • Spruce Portfolio, Aberdeen, AB12 3LH Image

Spruce Portfolio, Aberdeen, AB12 3LH

For Sale

  • Tenure

    For Sale

  • Type

    Investment

  • Price

    Offers in Excess Of £21,000,000

  • Size

    52 Acres

  • Ref No

    14994

Property Highlights

  • The sites extend to a total of 51.60 acres (20.88 hectares).
  • 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.
  • 83% of the rental income is secured by tenants with a very low risk credit rating.
  • The total current income is £1,440,865 per annum.
  • The WAULT to expiries is c.73 years.
  • Offers in excess of £21,000,000 are sought for our client's heritable interest in the portfolio. A purchase at this price would show a net initial yield of 6.43% after deducting purchaser's costs.

Overview

The portfolio comprises 38 industrial ground lease sites and one vacant site located at Altens, Kirkhill and Bridge of Don industrial estates in Aberdeen.