Your email has been sent.
Wellington Cir 1,436 SF Flex Condo Unit Offered at $370,575 CAD 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 Building Size | 15,222 SF | Typical Floor Size | 13,172 SF |
| Property Type | Industrial (Condo) | Year Built | 2010 |
| Property Subtype | Warehouse | Lot Size | 0.38 AC |
| Building Class | B | Parking Ratio | 0.19/1,000 SF |
| Floors | 2 |
| Total Building Size | 15,222 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 13,172 SF |
| Year Built | 2010 |
| Lot Size | 0.38 AC |
| Parking Ratio | 0.19/1,000 SF |
AMENITIES
- Storage Space
UTILITIES
- Lighting - Halogen
- Water - City
- Sewer - City
1 UNIT AVAILABLE
Unit 5
| Unit Size | 1,436 SF | Sale Type | Investment |
| Price | $370,575 CAD | Tenure | Freehold |
| Price Per SF | $258.06 CAD | Cap Rate | 7.86% |
| Condo Use | Flex | NOI | $29,127.22 CAD |
| Unit Size | 1,436 SF |
| Price | $370,575 CAD |
| Price Per SF | $258.06 CAD |
| Condo Use | Flex |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.86% |
| NOI | $29,127.22 CAD |
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
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.