1A Howemoss Drive

1A Howemoss Drive
£900,000

Published on February 1, 2022

Building:
1A Howemoss Drive
Address:
Kirkhill Industrial Estate, Dyce
Postcode / City:
AB21 0GL Aberdeen
Type:
FOR SALE
Info PDF:
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Square Feet:
10,225

Description

INDUSTRIAL INVESTMENT FOR SALE WORKSHOP, OFFICES & YARD

The property comprises a single storey industrial building of steel portal frame construction with concrete block dado wall, harled externally and clad above with PVC coated metal sheeting.

Internally, a single storey office has been built into the workshop with a mezzanine storage area above.

To the front of the workshop there are two storey offices in block construction, harled externally, with a pitched and tiled roof.

There is also a self contained yard area, to the rear of the workshop, surfaced in concrete.

LOCATION

The property is located within the popular Kirkhill Industrial Estate which lies adjacent to Aberdeen International Airport at Dyce some 7 miles north west of Aberdeen City Centre.

Major occupiers established within the estate include Hydrawell, Halliburton, CHC Helicopters and Baker Hughes.

Aberdeen is known as the oil capital of Europe and benefits from a strong and diverse economy with low unemployment.

ACCOMMODATION

The following accommodation is provided:-

Gross Internal Area
A) Offices
Ground Floor
Reception/General office,
3 offices, 2 toilets, kitchenette                                              
141.2 sq m (1,519 sq ft)
First Floor
Meeting room, 8 offices,
toilet, boiler room                                         
206.2 sq m (2,219 sq ft)
Office Sub Total                                       347.35 sq m (3,738 sq ft)
B) Industrial
Warehouse/workshop,
kitchenette, 2 offices,
toilets/shower, clean workshop                   
473.0 sq m (5,091 sq ft)
C) Mezzanine
Mezzanine storage, canteen
129.7 sq m (1,396 sq ft)
Total 950.1 sq m (10,225 sq ft)

SERVICES

All main services are installed. Heating to the offices is by a gas fired radiator central heating system and by an industrial warm air unit to the industrial space.

RATING ASSESSMENT

Net & Rateable Value – £104,000.

The uniform business rate for the year 2021/2022 is 51.6p in the £.

LEASE TERMS

The property is leased to Unique System (UK) Limited on standard Full Repairing and Insuring terms originally from 23rd March 2012 until 22nd March 2022 which has been recently extended to 22nd March 2027. The rental is fixed until expiry at £90,000 per annum.

VAT

The property has been opted to tax but it is anticipated that the transaction will be treated as a TOGC.

COVENANT

Unique System (UK) Limited was incorporated in June 2009 and for the year ending 31st December 2020 had a turnover of £10.4 million, a pre-tax profit of £1.6 million and net assets of £2.6 million.

EPC

The property currently has an EPC rating of D. Further details are available on request.

TENURE

Freehold.

PRICE

Offers in the region of £900,000 are invited which will show a return of 10% before purchasers costs.

LEGAL COSTS

Each party will be responsible for their own legal costs and in accordance with normal practice, the purchaser will be responsible for LBTT and registration dues incurred in the purchase.

OFFERS & VIEWINGS

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

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