Office for sale

15 Abercrombie Court

modern office building on Abercrombie Court

Lease to Enpro Subsea Limited until 31 May 2024

Rent = £75,000 p.a. Exc VAT

Tenant break option on 31 May 2021 subject to 6 months prior written notice

Break penalty of £18,750 if break option is exercised

Abercrombie Court, 15 Arnhall Business Park, Westhill, UK AB32 6FE

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The property is situated on Abercrombie Court, within the well established Arnhall Business Park, Westhill.
Local authority: Aberdeenshire

Units & floor plans

Floor Size
Ground
2,501
232.35
First
2,689
249.82
Totals
5,190
482.17

* All sizes NIA

Find out more information about this building's development and technical spec.

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Transportation

Airports

Aberdeen 4.9m

National rail

Dyce 5.3m, Aberdeen 6.8m, Portlethen 8.2m

Offers

Offers in excess of £800,000 are invited reflecting a net initial yield of 8.92%

Further information

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Lease overview

The property is held by way of a Full Repairing and Insuring lease until 31 May 2024 with a tenant only break option on 31 May 2021, subject to 6 months notice and a three month break penalty. There is a schedule of condition attached to the lease and the rent is £75,000 p.a.

Tenancy schedule
Floor / Demise Tenant NIA (sq ft) Rent (p.a.) Start date Expiry date Break option
15 Abercrombie CourtEnpro Subsea Limited5,190£75,00031/05/201830/05/202430/05/2021
Covenant overview

Enpro Subsea are production optimization specialists delivering first oil faster and increases the ultimate recovery from subsea wells by integrating current and future technologies with subsea hardware. The company has been trading for 7 years and has a Dun and Bradstreet Delinquency ratio of 97, reflecting a low risk of delinquency. The Company has a tangible net worth of £3,867,159

Covenant schedule
Tenant Net current assets D&B rating
Enpro Subsea Limited£7,979,1772A2
Physicals
Developer Gladman Developments
Viewings

Strictly through the sole selling agents to whom all offers should be made in Scottish Legal Form.

Legal costs

Each party will bear their own legal fees in documenting the transaction.

VAT

Payable at the prevailing rate in addition to the purchase price.

EPC
Category E

Media store

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Property marketed by:

33 Albyn Place, Aberdeen AB10 1YL
FG Burnett
Quote reference: SALE-38199

Modern Office Investment on Established Business Park

£800,000 (offers in excess of)

Whilst every care has been taken in the preparation of these particulars and they are believed to be correct, they are not warranted and should not be taken to form part of any contract. Goad Digital Plans are for identification only and not to be scaled as a working drawing and are based upon Ordnance Survey Map with the permission of The Controller of Her Majesty’s Stationery Office. © Crown Copyright PU 100017316. No part of this plan may be entered into an electronic retrieval system without prior consent of the publisher.