15 St Machar Road

15 St Machar Road
£ 1,075,000

Published on February 24, 2015

Building:
15
Address:
St Machar Road
Postcode / City:
AB24 3YJ Aberdeen
Type:
FOR SALE
Info PDF:
Download
Square Feet:
11,874

Description

INDUSTRIAL/TRADE COUNTER INVESTMENT

The property comprises a single story building of blockwork construction, part fyfestone, part harled externally with a corrugated cement roof carried on light steel trusses.

Linked to the above is an adjoining unit of similar construction with double loading bay access. The floors are concrete.

To the front of the units there is a car park and loading area finished in tarmacadam and a secure concrete storage yard to the North of the buildings

LOCATION

The property occupies a prominent site at the junction of St Machar Road and St Machar Drive which is a main arterial route leading from Aberdeen City Centre to Bridge of Don and the North.

The City Centre is located approximately one and a half miles to the South and the Bridge of Don industrial/residential area is one and half miles to the North.

Aberdeen is Scotlands 3rd city, known as the oil capital of Europe, and boasts one of the most dynamic economies within the UK.

The exact location is highlighted on the street plan opposite for identification purposes only.

ACCOMMODATION

The following accommodation is provided:

 

  Net Internal Area

Warehouse/industrial                                                       
 

944 m2 (10,165 sq ft)

Office/trade counter                                         159 m2 (1,709 sq ft)
Total 1,103 m2 (11,874 sq ft) or thereby
Useable surfaced storage yard                                         836 m2 (1,000 sq yds)

 

SERVICES

All main services are supplied.

LEASE TERMS

The property is leased on generally Full Repairing and Insuring terms to John Menzies Plc until 11th November 2027 with rent reviews 2019 and 2026. No breaks.

John Menzies do not occupy the unit which has been sublet to Thornbridge Sawmills Limited.

GROUND TENURE

Freehold.

RENTAL

£80,000 per annum.

PRICE

Offers in the region of £1,075,000 per annum are invited which will show a net initial return in excess of 7%, after purchase costs of 5.75%.

VAT

The property is registered for VAT but is anticipated that the sale will be treated as a TOGC.

EPC

The property has an Energy Performance Rating of D.

OFFERS & VIEWINGS

All offers should be submitted in writing to the sole agents who will also make arrangements to view.

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