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Miller St 26,750 sq ft Industrial Property Aberdeen AB11 5HW £3,950,000 (£147.66/sq ft) 6.74% Net Initial Yield
Investment Highlights
- Extensive yard
- Passing rent of £283,450 per annum
- EPC - A
- Net initial yield of 6.74%
Executive Summary
The property comprises a detached, steel portal framed industrial unit, refurbished and fitted out in 2019. Internally, the property is divided to provide a front section comprising a retail showroom with a trade counter/office and a substantial warehouse to the rear. At first-floor level there is additional office accommodation.
Passing rent of £283,450 per annum
Passing rent of £283,450 per annum
Property Facts
| Price | £3,950,000 | Total Plot Size | 2.24 ac |
| Price per sq ft | £147.66 | Net Internal Area (NIA) | 26,750 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 6.74% | Year Built | 1994 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 0.42/1,000 sq ft |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 4 |
| Costar Property Class | B |
| Price | £3,950,000 |
| Price per sq ft | £147.66 |
| Sale Type | Investment |
| Yield | 6.74% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 2.24 ac |
| Net Internal Area (NIA) | 26,750 sq ft |
| No. Floors | 2 |
| Year Built | 1994 |
| Tenancy | Single |
| Parking Allocation | 0.42/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- 24 Hour Access
- Bus Route
- Commuter Rail
- Courtyard
- Fenced Lot
- Security System
- Wheelchair Accessible
- Yard
- Roller Shutters
- Demised WC facilities
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
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Miller St
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