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15 St Machar Drive, Aberdeen, ABE

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15 St Machar Drive

Aberdeen, AB24 3YJ

(129.7 KB)

Property type:Industrial Sub type:Warehouse Status:Existing Year built:1987
Building size:11,874 sq ft Land area:-
Eaves height:- Loading docks:No
For sale price:£1,075,000 Price:£90.53 sq ft
Yield:8.00 %
Sprinklers:- Drive in bays:4 tot.
Parking:21 Surface spaces are available; Ratio of 1.68/1,000 SF Amenities:Yard, EPC - D, Roller Shutters

The property comprises a detached ground floor industrial unit of steel portal frame construction which contains a workshop area together with a dispatch area. Externally the main section of the building is concrete block construction externally rendered with sections of Fyfe stone incorporated with the front elevation. The dispatch area walls are constructed solely of concrete block which is harled. Car parking for the subjects is provided within a tarmacadam car park which incorporates a landscaped area and offers 21 car parking spaces.

The property is located on St Machar Drive and is accessed from St Machar Road. The property has the further benefit of frontage into the main road infrastructure serving the city. St Machar Drive itself offers rapid access to both the A90 Aberdeen to Fraserburgh Road and also the A96 Aberdeen to Inverness route. The surrounding area is somewhat mixed in nature with a number of commercial occupiers within the city St Machar Academy can be found immediately to the south of the property. Aberdeen's mature communications infrastructure to the North, via the A96 and A92, and the principal route south, the A90, provide dual carriageway and motorway access to Glasgow, Edinburgh and Scotland's central belt and England beyond. Aberdeen, the focus of Scotland's oil industry, also enjoys other main transport facilities, including mainline railway and bus stations. Aberdeen Airport, at Dyce, ensures easy access to a full range of UK, European and International destinations.

Sale Notes:
The investment opportunity comprises an industrial/warehouse unit with office accommodation.

The property is leased on generally Full Repairing and Insuring terms to John Menzies Plc until 11th November 2027 with rent reviews 2019 and 2026. No breaks. John Menzies do not occupy the unit which has been sublet to Thornbridge Sawmills Limited.

Offers in the region of £1,075,000 per annum are invited which will show a net initial return in excess of 7%, after purchase costs of 5.75%.

AB Robb
Alex Robb
01224 611800

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