OFFICE, WAREHOUSE & YARD TO LET / FOR SALE
(SUBJECT TO GROUND LEASE)
GREENBANK CRESCENT, EAST TULLOS INDUSTRIAL ESTATE, ABERDEEN
LOCATION
The property is located on the south side of Greenbank Crescent within the popular East Tullos Industrial Estate which is located some 1.5 miles south of Aberdeen City Centre and Harbour. Neighbouring proprietors include Shell UK, Arnold Clark, John Wood Group Plc and Town & County Motors. Aberdeen is Scotland’s third city, the oil capital of Europe, with a population in the region of 215,000 and one of the most dynamic economies in the UK. The site is shown on the location plan opposite for identification purposes only.
DESCRIpTION
The property comprises a single storey office building of concrete block construction with a flat mineral felt covered roof. To the rear of this building is a single storey warehouse of concrete block construction harled externally with a corrugated asbestos roof carried on light steel trusses. The floor is concrete. To the rear of the warehouse is a further single storey building of concrete block construction roughcast externally with flat mineral felt covered roof. Car parking is provided to the front of the buildings and a substantial concrete yard is located to the west.
GROUND TENURE
The ground is held on lease for a period of 99 years from 20 January 1974 until 27 January 2073. At the expiry of the lease the Landlords are obliged to either offer an extension of the lease or alternatively acquire the Leasehold interest based on a ground lease for a period of 31 years. The rental is £12,250 per annum which is subject to review on 15 May 2009 and at 7 yearly intervals thereafter.
ACCOmmODATION
The following accommodation is provided measured on a gross internal basis:Building 1 Ground Floor Building 2 Warehouse; foreman’s office Building 3 234.21 m2 ( 2521 sq ft) Gross Internal Area 93.18 m2 (1003 sq ft)
LEASE TERmS
Our clients are offering a new Full Repairing and Insuring lease for a minimum period of 10 years incorporating three yearly rent reviews.
RENTAL
£50,000 per annum exclusive
90.95 m2 ( 979 sq ft) 418.34 m2 (4503 sq ft)
pRICE
Alternatively, offers in excess of £400,000 are invited for our client’s ground leasehold interest.
Yard Concrete storage yard 970 m2 (1160 sq yds)
vAT
All figures quoted are exclusive of Value Added Tax.
SERvICES
Mains electricity, water and drainage are installed. Heating to the offices is by an oil fired radiator system and warm air to the warehouse. In addition, air conditioning cassettes have been installed to the front office building.
ENTRY
Summer 2008.
LEGAL COSTS
All legal costs including SDLT and registration dues incurred in the preparation of a lease should be borne by the ingoing tenant in the normal manner.
RATING ASSESSmENT
The property is entered in the valuation roll as follows: Net & Rateable Value - £24,750 The Uniform Business Rate for the year 2007/2008 is 44.1p in the £.
OFFERS & vIEWING
All offers should be submitted in writing to the sole agents who will also make arrangements to view on a strictly by appointment basis.