industrial
Ref 14344

Fugro

Unit 1 Denmore Place
AB23 8JS Aberdeen

To buy£1,500,000
Size11,814 ft² / 1,098 m²

Description

Prime Single-Let Industrial Investment Opportunity

Investment Summary

  • Opportunity to purchase a prime, industrial investment situated in the established commercial location of Bridge of Don, Aberdeen.
  • The property comprises a modern industrial facility extending to 11,814 sq ft together with secure yard and associated parking Let to Fugro GB (North) Marine Ltd (D&B Rating 5A1) from 1st October 2018 until 30 September 2028 subject to a break option on 20th June 2024.
  • Current passing rent of £130,000 per annum The lease incorporates provision of an open market rent review due on 20th June 2024.
  • Heritable interest (Scottish equivalent of English Freehold)

Offers in excess of £1,500,000 (One Million Five Hundred Thousand Pounds Sterling) are sought for our client’s heritable interest, subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 8.20%, after purchaser’s costs at 5.65%.

Energy rating

Energy rating F

Location and Transport