Property Information
Address:
High Yielding Multi-Let Industrial Investment, Whitemyres Business Centre, Aberdeen
, AB16 6HQ
Price: Sale Price: £1,850,000
Size: 184103 sq ft17103 sqm
Primary Category: Industrial
All Categories:
Industrial,
Property Ref/Movehut: MH615599
Property Ref/Agent: Ryden_4441
*Please use the agent ref when calling the agent directly.
Property description
Investment Summary:• Multi-let asset with proven high occupancy and tenant retention.• Located 2 miles from Aberdeen city centre on a main arterial route, attracting inherent business occupier demand.• Extending to 17,104 sq ft including 13 industrial units (8 tenancies) and a 3,843 sq ft modern office let to Robertson Construction.• Fully let and providing WAULTs of 2.83 years term certain and 3.85 years to expiries.• Gross rent of £232,500 p.a. with an estimated ground rent liability of £33,600 p.a. (ground lease from Aberdeen City Council expiring November 2122).• Net rent of £198,900 p.a.• Seeking offers in excess of £1.85m exclusive.• Providing an attractive net initial yield of 10.13% (based on the estimated net rent).
;