Ashtead House
Discovery Drive, Arnhall Business Park
Westhill
Aberdeen
AB32 6FG

Modern Heritable Industrial and Office Investment With Minimum Uplift in 2022

  • Prominent location on Discovery Drive
  • Total site area of 1.36 acres reflecting 20% site coverage
  • Modern industrial building with two storey office built in 2012
  • 41 car parking spaces on site
  • Currently producing £209,311p.a.x with minimum uplifts to £236,815 p.a.x. in 2022 and £267,935 p.a.x. in 2027
  • Lot
    13
  • Auction
    05/May/2021
  • Rent
    £209,311 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
Important Update
  • Ashtead House<br>Discovery Drive, Arnhall Business Park<br>Westhill<br>Aberdeen<br>AB32 6FG
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
7.5 miles west of Aberdeen city centre
Roads
A944 Aberdeen Western Peripheral Route
Rail
Aberdeen Railway Station (Mainline and ScotRail)
Air
Aberdeen Airport (5 miles to the north)
Situation

Westhill is a popular satellite town 7.5 miles west of Aberdeen city centre and 5 miles south of Aberdeen Airport. The area is globally recognised as a centre of excellence in the field of subsea engineering. Companies related to North Sea energy, exploration and production industry are represented at Westhill including Technip FMC UK, Schlumberger Oilfield UK, Subsea 7 and Total E&P UK.
The location also benefits from easy access to the Aberdeen Western Peripheral Route (AWPR) via the Kingswells Junction, improving connectivity to the north and south of the city.
A wide range of amenities can be found nearby which include Tesco, Costco, Aldi, Holiday Inn, Premier Inn, Hampton by Hilton and the Westhill Shopping Centre, anchored by Marks & Spencer's food store and Costa.

Tenure

Heritable.

Description

Built in 2012, Ashtead House is an industrial property with integrated two storey offices with on site car parking for 41 cars and a concrete yard. The warehouse benefits from a 6 metre eaves height and roller shutter door. The tenant has installed a mezzanine floor within the industrial unit. The property benefits from an excellent EPC rating of B27.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald

EPC

B

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Warehouse
Office
Industrial/Warehouse
Offices
836.47 sq m
422.65 sq m
(9,004 sq ft)
(4,549 sq ft)
ASHTEAD
TECHNOLOGY
LIMITED (1)
16 years from
27/06/2012 to
26/06/2028 (3)
£209,311.50 (2)26/06/2022,
26/06/2027
Total
1,259.12 sq m
(13,553 sq ft)
  £209,311.50 

(1) Ashtead Technology limited was founded in 1985. With 9 regional hubs and 190 employees, the company has become a world-leading, independent subsea equipment solutions specialist providing rental and sale of survey and ROV equipment. Further information can be found at www.ashtead-technology.com. For the year to 31/12/2019, Ashtead Technology Limited reported a turnover of £22,446,000, a pre tax profit of £5,340,000 and a Net Worth of £33,884,000 (Source: NorthRow 08/04/2021)
(2) There are five yearly upward only rent reviews to the greater of 2.5% per annum compounded or open market rental value. The minimum rent at the next rent review on 26/06/2022 is £236,815.61 per annum and on 26/06/2027 is £267,935.12 per annum.
(3) The tenant has an option to extend the lease to 26/06/2033 at a rent of £303,144 per annum subject to providing the landlord with 9 months prior written notice.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    475 KB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    374 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Kellas Partnership 2-6 High Street
Inverurie
Aberdeenshire
AB51 3XQ
Stephen Park 01467627300swp@kellas.biz

Useful Links

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