Heritable Office Investment and Multi Storey Car Park
High Specification Three Storey Office Building and Two Storey Purpose Built Car Park
Entirely Let to Borr Drilling Land Support Limited until 2029 (Subject to Option)
Approx 1,430.10 sq.m (15,393 sq.ft) of Office Accommodation
Multi storey Car Park Site Extending to Approximately 0.143 Ha (0.354 acres)
Ownership please note that the title includes the access road within Westpoint Business Park (see legal pack)
Neighbouring Occupiers Include Subsea7, Kongsberg Maritime, Technip FMC
Lot 14
Auction 3rd November 2022
Rent £238,607 per Annum Exclusive
Status Sold
Price £1,125,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7.5 miles west of Aberdeen city centre
Roads
A944 Aberdeen Western Peripheral Route
Rail
Aberdeen Railway Station (Mainline and ScotRail)
Air
Aberdeen Airport (5 miles to the north)
Situation
Westhill is a popular satellite town 7.5 miles west of Aberdeen city centre and 5 miles south of Aberdeen Airport. The area is globally recognised as a centre of excellence in the field of subsea engineering. Companies related to North Sea energy, exploration and production industry are represented at Westhill including Technip FMC, Schlumberger Oilfield UK, Subsea 7 and Kongsberg Maritime. The location also benefits from easy access to the Aberdeen Western Peripheral Route (AWPR) via the Kingswells Junction, improving connectivity to the north and south of the city. A wide range of amenities can be found nearby which include Tesco, Costco, Aldi, Holiday Inn, Premier Inn, Hampton by Hilton and the Westhill Shopping Centre, anchored by Marks & Spencer's food store and Costa
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Location
Miles
7.5 miles west of Aberdeen city centre
Roads
A944 Aberdeen Western Peripheral Route
Rail
Aberdeen Railway Station (Mainline and ScotRail)
Air
Aberdeen Airport (5 miles to the north)
Situation
Westhill is a popular satellite town 7.5 miles west of Aberdeen city centre and 5 miles south of Aberdeen Airport. The area is globally recognised as a centre of excellence in the field of subsea engineering. Companies related to North Sea energy, exploration and production industry are represented at Westhill including Technip FMC, Schlumberger Oilfield UK, Subsea 7 and Kongsberg Maritime. The location also benefits from easy access to the Aberdeen Western Peripheral Route (AWPR) via the Kingswells Junction, improving connectivity to the north and south of the city. A wide range of amenities can be found nearby which include Tesco, Costco, Aldi, Holiday Inn, Premier Inn, Hampton by Hilton and the Westhill Shopping Centre, anchored by Marks & Spencer's food store and Costa
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Description
Building 4 Westpoint was developed as part of Westpoint Business Park in 2007. The property provides three floors of predominately open plan office space There are two 8 person passenger lifts and onsite car parking for approximately 44 vehicles.
The two storey car parking facility adjacent was built (in 2012)as additional car parking provision for the business park. The car park site extends to approximately 0.143 Ha (0.354 acres) and provides 182 vehicles spaces. The car park is NOT let to Borr Drilling and is vacant.
Title to the solum of the estate roadway is also being sold. Maintenance costs for the roadway are shared amongst all building owners in Westpoint Business Park. Please see the legal pack for further information.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Building 4 Westpoint was developed as part of Westpoint Business Park in 2007. The property provides three floors of predominately open plan office space There are two 8 person passenger lifts and onsite car parking for approximately 44 vehicles.
The two storey car parking facility adjacent was built (in 2012)as additional car parking provision for the business park. The car park site extends to approximately 0.143 Ha (0.354 acres) and provides 182 vehicles spaces. The car park is NOT let to Borr Drilling and is vacant.
Title to the solum of the estate roadway is also being sold. Maintenance costs for the roadway are shared amongst all building owners in Westpoint Business Park. Please see the legal pack for further information.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First Second
Office and Reception Office Office
495.10 467.70 467.30
(5,329) (5,035) (5,030)
BORR DRILLING LAND SUPPORT LIMITED (1)
10 years from 14/10/2019 to 13/10/2029 on Full Repairing and Insuring Terms (2)
£238,607
14/06/2024 (3)
Total
1,430.10 (4)
(15,394) (4)
£238,607
(1) Borr Drilling Land Support Limited are part of Borr Drilling, an international drilling contractor incorporated in Bermuda in 2016. The company owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry worldwide (Source:www.borrdrilling.com). For the year ending 31/12/2020 Borr Drilling Land Support Limited reported a Turnover of £2,807,093 and a Net Worth of £2,979,370. (2) The lease is subject to a schedule of condition. Further detail can be found in the Legal Pack (3)The lease provides for a tenant only option to determine the lease on 14/06/24 (subject to tenant paying break penalty of 9 months rent ); (4) There is additional limited use area throughout the building of 75.3 sqm (812 sq ft)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
