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For Sale
Units 1-3 Wellington Business Park, Wellington Circle, Aberdeen, Scotland, AB12 3JG
Tenure

For Sale

Type

Investment

Price

£900,000 Offers Invited

Size

8,728 Sq Ft

Ref No

18476

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Property Highlights

  • Prime Location: Well-positioned industrial terrace located next to IKEA
  • Modern Units: High-quality industrial space built c. 20 years ago
  • Fully Tenanted: Fully-let producing £80,000 per annum
  • Strong Tenants: 69% of income classified as 'very low risk' and 31% as 'low risk'
  • Heritable Interest: Scottish equivalent of English Freehold
  • WAULT of 8 years to expiries and 4.5 years to breaks
  • Price: Offers over £900,000 invited
  • Yield: Attractive net initial yield of 8.42%
  • Units 2&3 can be acquired separately,subject to pricing

Overview

The property comprises a terrace of three units within a development of 10 industrial units of differing sizes built c. 20 years ago.

The three units are built of steel monopitch frame construction with concrete floors, blockwork and profiled metal walls all under a monopitched profiled metal roof. The units benefit from three phase electrical supply.

There is a spacious central forecourt which provides space for parking and servicing. Unit 1benefits from 8 dedicated car parking spaces and Units 2&3 benefit from 12 dedicated car parking spaces. There are also further communal estate visitor spaces in addition to the dedicated unit spaces.

Daniel Stalker Image

Daniel Stalker

Associate

Ken Shaw Image

Ken Shaw

Partner

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