Warehouse and Office Property - Ideal for Owner Occupation
Located on a Well Established Commercial Estate
Easy Access to Wellington Road, the A90 and the Aberdeen Western Peripheral Route (AWPR)
Nearby occupiers include MI Swaco and Thomson Dairies and a number of car and commercial vehicle dealerships
Asset Management Opportunities
Lot 34
Auction 16th February 2023
Rent Gross: £80,000 per Annum Exclusive Net: £43,100
Status Withdrawn Post
Price
Sector Industrial/Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
67 miles north of Dundee
Roads
A90, AWPR, A96
Rail
Aberdeen (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen Airport (16 miles west)
Situation
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 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.
Tenure
Leasehold. 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.
Location
Miles
67 miles north of Dundee
Roads
A90, AWPR, A96
Rail
Aberdeen (2 hours 25 minutes to Edinburgh Waverley)
Air
Aberdeen Airport (16 miles west)
Situation
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 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.
Tenure
Leasehold. 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.
Description
The property comprises 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 with 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
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises 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 with 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
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 Main Ground Workshop Ancillary Ground Workshop
Offices Offices Industrial Industrial
471.46 547.37 1,081.00 346.11
(5,075) (5,892) (11,636) (3,919)
ACCIONA INDUSTRIAL UK LIMITED (1)
12 months from 28/02/2021 (2)
£80,000
TOTAL
2,463.94
(26,522)
£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 to expire on 31/05/2023
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.
