Badentoy Ave
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Badentoy Ave
27,242 SF Industrial Building Portlethen AB12 4YA £1,750,000 (£64/SF) 10.23% Net Initial Yield
Investment Highlights
- Office space over two floors.
- Prominent location.
- Large Yard.
Executive Summary
Offers are sought in excess of £1.75M exclusive of VAT for our client’s Heritable Interest, which reflects a Net Initial Yield of 10.23% after purchaser’s costs.
The property is let on FRI terms to Rubicon Oilfield International UK Limited from 4 October 2022 until 3 October 2032. The tenant has a break option on the fifth anniversary of the lease on providing six months notice. The lease makes provision for five yearly upward only open market rent reviews, the next being on 4 September 2027. The passing rent is £190,000 per annum.
The property is let on FRI terms to Rubicon Oilfield International UK Limited from 4 October 2022 until 3 October 2032. The tenant has a break option on the fifth anniversary of the lease on providing six months notice. The lease makes provision for five yearly upward only open market rent reviews, the next being on 4 September 2027. The passing rent is £190,000 per annum.
Property Facts
| Price | £1,750,000 | Lot Size | 1.50 AC |
| Price Per SF | £64 | Rentable Building Area | 27,242 SF |
| Sale Type | Investment | Number of Floors | 2 |
| Net Initial Yield | 10.23% | Year Built | 1990 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 18 ft |
| Property Subtype | Warehouse | Level Access Doors | 1 |
| Building Class | B |
| Price | £1,750,000 |
| Price Per SF | £64 |
| Sale Type | Investment |
| Net Initial Yield | 10.23% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.50 AC |
| Rentable Building Area | 27,242 SF |
| Number of Floors | 2 |
| Year Built | 1990 |
| Tenancy | Single |
| Clear Ceiling Height | 18 ft |
| Level Access Doors | 1 |
Amenities
- 24 Hour Access
- Yard
- Roller Shutters
- Demised WC facilities
Utilities
- Lighting
- Water - City
- Sewer - City
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Badentoy Ave
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