A HIGH-yielding heritable industrial asset in Aberdeen is set to be sold at the forthcoming Acuitus auction on May 18th.
The warehouse, which is situated on the Denmore Industrial Estate, currently produces an annual income of £182,500 and is being offered with a guide price of £1.4m. The property on the major Denmore Industrial Estate is let to Sparrows Offshore Services. The tenant exercised their option to extend their lease until 2027 and have occupied the property for more than 15 years. In addition, the property benefits from car parking for 51 cars on a site extending to approximately 1.85 acres.
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Mhairi Archibald of Acuitus comments: “Industrial warehouses have proven particularly resilient in the current commercial property market, and with renewed economic activity in Aberdeen we expect substantial interest from investors.
“Sparrows’ operation in Aberdeen extends over seven locations focussed on Bridge of Don, highlighting the importance of this location to them”.
The Acuitus auction will take place on Thursday May 18th at 1pm. It will be broadcast via livestream on the Acuitus website and offers online, telephone and proxy bidding.
