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Wellington Street

Aberdeen, AB11 5BX
For Sale
Size: 1,111.96 sq.m (11,969 sq.ft)
Type: Investment
Location: Aberdeen City

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Highlights

  • Let to the undoubted covenant of Wolseley Plc
  • Modern trade warehouse - developed in the late 1990s
  • Total accommodation of 11,969 sq ft (1,111.94 sq m)
  • Rebased passing rent of £110,000 per annum
  • Offers in excess of £1,150,000 exc VAT, reflecting a net initial yield of 9.04%, after purchaser's costs.
  • Easily accessible city centre location
  • Let to the undoubted covenant of Wolseley Plc
  • Lease recently extended until December 2028

Overview

The property is a modern detached trade warehouse with ancillary offices, yard area and car parking. The unit is of steel frame construction with a concrete floor, blockwork dado walls and insulated cladding above all under a pitched roof clad with insulated composite panels. The internal eaves height of the warehouse is estimated to be approximately 7.5m-10m.

The internal offices are equipped with raised floors, gas fired central heating and double glazed windows. The layout is a mix of open plan and cellular. The external yard, accessed from Garvock Wynd, is surfaced in concrete and there is a separate car park with 21 car spaces.