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Whitemyres Business Centre

Whitemyres Avenue, Aberdeen, AB16 6HQ

£1,850,000


• Whitemyres Business Centre is situated 2 miles West of Aberdeen city centre in the well-established Whitemyres Industrial Estate

• The property is held on a Ground Lease from Aberdeen City Council expiring 2122 at a current passing ground rent …

• Whitemyres Business Centre is situated 2 miles West of Aberdeen city centre in the well-established Whitemyres Industrial Estate

• The property is held on a Ground Lease from Aberdeen City Council expiring 2122 at a current passing ground rent of £33,600* p.a. exclusive

• The asset comprises 13 units totalling 17,104 sq ft (1,588.96 sq m)

• Passing rent of £198,900 p.a. exclusive (after estimated ground rent deduction)

• WAULT of 2.83 years term certain and 3.85 years to expiry

• Offers in excess of £1.85m / 10.13% Net Initial Yield

* Passing rent is £26,976 p.a. £33,600 is the ERV estimated to be agreed on settlement
of the outstanding rent review