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. 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
Location
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
Accommodation
133.40 Sqm ( 1,436 sq ft )
Terms
TENURE Heritable (Scottish Equivalent of Freehold).
TENANCY The property is let on FRI terms (subject to a Schedule of Condition) to Alarm Maintenance Company Limited from 28th May 2024 for a period of 10 years until 27th May 2034. The passing rent is £16,000 per annum subject to review on 28th May 2029 to the higher of the passing rent and the open market rental value. The tenant has a break option on 27th May 2031. If the option is not exercised the tenant will receive a 50% rent reduction for a period of 6 months.
SERVICE CHARGE The maintenance of the common areas is covered by a deed of conditions with day-to-day management undertaken by a professional property management company. The costs incurred are allocated to each tenant in line with standard practice.
Specification
- Prime Location: End terrace unit within well-established estate
- Modern Unit: High-quality industrial unit built c. 20 years ago
- Fully Tenanted: Secure income producing £16,000 per annum
- Strong Tenant: 85A Creditsafe rating ‘’Very Low Risk’’
- Heritable Interest: Scottish equivalent of English Freehold
- Price: Offers over £199,500 are invited