Shepherd Chartered Surveyors is offering a rarely available industrial investment opportunity in Aberdeen for sale.
The accommodation is located on the south side of Howe Moss Terrace in a well-established industrial and commercial location at Kirkhill Industrial Estate to the north-west of Aberdeen, forming part of the city’s Dyce suburb.
The premises comprise a detached workshop building and office accommodation which has been extended in the past to provide a secondary workshop and further office accommodation to the rear and is now split to form two separate units totalling in excess of 15,000 sq ft.
The front section of offices comprise predominantly cellular space with the rear section accessed laid out to provide a mixture of open plan and cellular accommodation. A separate entrance gives access down into the workshop, off which ground level workshop offices, staff accommodation and W.C.’s can be found.
The accommodation benefits from 28 car parking spaces.
James Morrison at Shepherd in Aberdeen said: “The complete site is to be let to Combined Corporation on a 10 year lease at £119,000 per annum. The lease will commence upon the conclusion of the purchase and will also be subject to an upward only rent review provision at the fifth year from the date of entry.
“At the present time a lease is in place for the rear building to Centrifuges Un – Limited which, upon completion of a sale, will become a subtenant of Combined Corporation.
“Offers in excess of £1.4million are invited. A purchase at this level reflects an attractive net initial yield in excess of 8% after allowing for purchasers costs, including LBTT.”
Interested parties should contact the sole selling agent on 01224 202800.