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Wellington Cir 1,436 sq ft Light Industrial Unit Offered at £199,500 in Aberdeen AB12 3JG
INVESTMENT HIGHLIGHTS
- Prime Location: End terrace unit within well-established estate
- Generous central forecourt providing parking and servicing access
- Modern Unit: High-quality industrial unit built c. 20 years ago
EXECUTIVE SUMMARY
The property comprises an end-terrace industrial unit within a development of 10 units of varying sizes, constructed approximately 20 years ago. The unit is of steel portal frame construction with a concrete floor, blockwork and profiled metal walls, all under a monopitched profiled metal roof. The units benefit from a three phase power supply. Wellington Business Park is located within Altens, which is one of Aberdeen’s longest established and popular industrial locations situated approximately 2 miles south of the city centre. The Business Park is located on Wellington Circle and is directly accessed from Wellington Road, the A956, which leads north to Aberdeen City Centre, the harbour and railway station and south to the A90 trunk road, AWPR and motor network beyond. Unit 5 occupies an end terrace unit within the Business Park. Nearby occupiers include: Balmoral Group, IKEA, Royal Mail, DHL, Tesla, Shirlaws, Makro, Puregym, Shell, Popeye’s, Starbucks and a variety of car showroom operators including Porsche, Mini and Audi.
PROPERTY FACTS
| Total Property Size | 15,222 sq ft | Typical Floor Size | 13,172 sq ft |
| Property Type | Industrial (Unit) | Year Built | 2010 |
| Property Subtype | Warehouse | Total Plot Size | 0.38 ac |
| Costar Property Class | B | Parking Allocation | 0.19/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 15,222 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 13,172 sq ft |
| Year Built | 2010 |
| Total Plot Size | 0.38 ac |
| Parking Allocation | 0.19/1,000 sq ft |
AMENITIES
- Storage Space
UTILITIES
- Lighting - Halogen
- Water - City
- Sewer - City
1 UNIT AVAILABLE
Unit 5
| Unit Size | 1,436 sq ft | Sale Type | Investment |
| Price | £199,500 | Tenure | Freehold |
| Price Per sq ft | £138.93 | Net Initial Yield | 7.86% |
| Unit Use | Light Industrial | NOI | £15,680.70 |
| Unit Size | 1,436 sq ft |
| Price | £199,500 |
| Price Per sq ft | £138.93 |
| Unit Use | Light Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.86% |
| NOI | £15,680.70 |
DESCRIPTION
Internally, the unit has been fitted out to provide a combination of office and storage space. The storage area comprises a full-height workshop, while the remainder of the unit features a suspended ceiling.
The office accommodation is predominantly open plan and includes two small workrooms, a meeting room and staff welfare facilities. The tenant’s fit-out incorporates the complete office layout, with the exception of the suspended ceiling.
SALE NOTES
For Sale Modern Industrial Single-Let Investment
Offers in excess of £199,500, exclusive of VAT, for the heritable interest, reflecting an attractive net initial yield of 7.86%.
Presented by
Wellington Cir
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