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For Sale
Unit 9, Miller Street, Aberdeen, AB11 5AN
Tenure

For Sale

Type

Investment

Price

£3,950,000 Offers Invited

Size

26,750 Sq Ft

Ref No

19745

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Property Highlights

  • Trade Counter, Showroom Unit & Extensive Secure Yard
  • 14.75 years unexpired (no breaks)
  • 5 yearly open market rent reviews
  • EPC - A
  • Low site cover of 25%
  • Leased to MKM Building Supplies Ltd, Guaranteed by MKM Building Supplies (Holdings) Ltd
  • Very strong covenants - Creditsafe Rating 100A
  • Passing Rent - £283,450 per annum, MRV (existing layout) - £325,000 per annum
  • Offers of £3.95m invited, excluding VAT reflecting a net initial yield of 6.74%, after deduction of purchaser's costs

Overview

The property comprises a detached, steel portal framed industrial unit, refurbished and fitted out in 2019. Internally, the property is divided to provide a front section comprising a retail showroom with a trade counter/office and a substantial warehouse to the rear. At first-floor level there is additional office accommodation.

Daniel Stalker Image

Daniel Stalker

Partner

Ken Shaw Image

Ken Shaw

Partner

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