Long Leasehold Industrial Investment
Long Leasehold Industrial Investment
Aberdeen is recognised globally as a centre of excellence for the oil, gas and energy sectors. As the third largest city in Scotland, with a population of approximately 225,000, Aberdeen has a regional catchment of over 500,000 people. The University of Aberdeen and Robert Gordon’s University in the city have a collective population of around 27,000 full-time students. East Tullos is a well established commercial location, with a number of national and local businesses located there. Immediately opposite the property is a major plant for Pelagia. The property is situated on the eastern side of Greenwell Place, close to its junction with Greenwell Road and to Wellington Road, the main road leading south from Aberdeen city centre.
Long Leasehold. Held on a ground lease from John Wood Group (Aberdeen) Limited for 99 years from 1st July 1977. The passing rental is £36,900 per annum, payable twice yearly with the next rent review on 30th June 2027 and five yearly thereafter.
Aberdeen is recognised globally as a centre of excellence for the oil, gas and energy sectors. As the third largest city in Scotland, with a population of approximately 225,000, Aberdeen has a regional catchment of over 500,000 people. The University of Aberdeen and Robert Gordon’s University in the city have a collective population of around 27,000 full-time students. East Tullos is a well established commercial location, with a number of national and local businesses located there. Immediately opposite the property is a major plant for Pelagia. The property is situated on the eastern side of Greenwell Place, close to its junction with Greenwell Road and to Wellington Road, the main road leading south from Aberdeen city centre.
Long Leasehold. Held on a ground lease from John Wood Group (Aberdeen) Limited for 99 years from 1st July 1977. The passing rental is £36,900 per annum, payable twice yearly with the next rent review on 30th June 2027 and five yearly thereafter.
The subjects comprise two interconnecting workshop buildings, with attached two storey office accommodation. There is a secure yard and car parking on a site which extends to approximately 0.938 Ha/2.32 acres. The workshop is of steel portal frame construction with roller doors to the front and rear of the building. There is a 10 tonne overhead gantry crane travelling the full length of the main workshop. There is additional storage/workshop space in an interlinked two storey building. The adjacent two storey offices are predominantly open plan with an element of cellular space. A surfaced road provides vehicle access to the rear yard and to a further elevated yard to the south of the subjects.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The subjects comprise two interconnecting workshop buildings, with attached two storey office accommodation. There is a secure yard and car parking on a site which extends to approximately 0.938 Ha/2.32 acres. The workshop is of steel portal frame construction with roller doors to the front and rear of the building. There is a 10 tonne overhead gantry crane travelling the full length of the main workshop. There is additional storage/workshop space in an interlinked two storey building. The adjacent two storey offices are predominantly open plan with an element of cellular space. A surfaced road provides vehicle access to the rear yard and to a further elevated yard to the south of the subjects.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. |
|---|---|---|---|---|---|---|
| Ground Floor Office First Floor Office Main Workshop Ancillary Workshop |
Offices Offices Industrial Industrial |
471.46 sq m 547.37 sq m 1,081 sq m 346.11 sq m |
(5,075 sq ft) (5,892 sq ft) (11,636 sq ft) 3,919 sq ft) |
ACCIONA INDUSTRIAL UK LIMITED(1) | 12 months from 28/02/2021 (2) | £80,000 |
| Total | 2,463.94 sq m |
26,522 sq ft |
£80,000 |
(1) ACCIONA is a global group that develops and manages sustainable infrastructure solutions, especially in renewable energy (see www.acciona.com). For the year to 31/12/2021 Acciona Industrial UK Limited reported a turnover £47,269,852 (Source NorthRow 22/11/2022)
(2) The Lease has been extended by 3 months to 28th May 2022
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.
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