A logistics park in Aberdeen, located within the Energy Transition Zone, is currently available for bids starting at £9million.
Altens Lorry Park, situated on Hareness Road, spans over 7 acres and consists of 19 distinct industrial units, an office pavilion, a café, and a shower facility.
When fully occupied, the property has the potential to generate an annual income exceeding £900,000, resulting in a net initial yield of 9.34% after accounting for purchase expenses.
Only two miles from the city centre, the lorry park also enjoys the advantage of being within Aberdeen’s Energy Transition Zone (ETZ), which emphasises the advancement of green energy solutions such as offshore wind, hydrogen, and carbon capture and storage.
Sale documents state: “The industrial units are of steel framed construction with part brick rendered and steel profile elevations surmounted by a pitched profiled metal roof.
“Internally the units have industrial, office and WC accommodation. There are also mezzanine levels. The on-site café comprises a sales counter with kitchen behind and a seating area for customers.
“External areas for the northern section comprise a concrete yard to the front of each industrial unit with parking. Units 10 – 14 comprises a steel portal framed terrace constructed on a concrete slab positioned towards the middle of the site at its eastern boundary.
“It is finished to a superior standard than the previous industrial units having been built in 2010. Units 29-32 were constructed in early 2019 and are of modern steel portal frame construction with cladding to walls and roof.
“A new steel framed warehouse (Unit 27) was completed in 2023 and is situated at the southern end of the site. The remaining section of the site is utilised as lorry park and vehicle storage and comprises mainly hardstanding or gravel covered land secured by a steel mesh perimeter fence.”
The property is being marketed by Knight Frank, and further details can be obtained by contacting to Matt Park MRICS, Eric Shearer, or David Gavan of Knight Frank.
