The city and the surrounding region has long been regarded as one of Scotland’s biggest success stories being a key engine of the Scottish and UK economies. 4 Whilst the oil and gas sector will remain an important industry for many years to come, the transition to renewable energy sources is now established in the region. The city is well placed to utilise its highly skilled workforce and extensively developed infrastructure to become a leading global player in the net zero transition drive for renewable energy production. To support this, both private and public investment is being deployed into an array of projects that will assist in accelerating the development of green energy, including offshore wind, hydrogen and carbon capture and storage
Location
Aberdeen is Scotland’s third largest city with a population of approximately 220,000 and a regional catchment population of over 500,000. The city has long been established as the energy capital of Europe for over 40 years and benefits from two distinguished universities, seven major research institutes and world renowned food, fisheries and agricultural research establishments.
Additional industries which are of growing importance include digital technology, life sciences and tourism. Aberdeen has strong communication links with the rest of Scotland, the UK and Europe. The A90 trunk road links Aberdeen with the Scottish motorway network, making Edinburgh and Glasgow accessible in around 2 hours. Journey times in and around the city dramatically improved with the opening of the Aberdeen Western Peripheral Route (AWPR) in 2019.
Accommodation
Site area 5.27 acres (2.13 hectares).
Terms
Offers in excess of £2,750,000 (Two Million Seven Hundred and Fifty Thousand Pounds) exclusive of VAT. A purchase at this level reflects a net initial yield of 7.78%, assuming standard purchaser’s costs.
Specification
•Prime new build surface car park providing a total of 648 spaces.
•Car park extended in 2023 to meet occupier demand
•Strategically located adjacent to Aberdeen International Airport and its three helicopter terminals.
•Aberdeen is one of the UK’s most prosperous cities and centre of Europe’s energy industry
•Let to Airparks Services Limited.
•Very Low Risk Creditsafe Rating of 93A.
•Passing rent of £227,630 per annum equates to a low rental value of £351 per space.
•17.9 years income to lease expiry, subject to TBOs.
• RPI linked reviews (2%-4% collar & cap annually compounded)