Ashtead House
Discovery Drive, Arnhall Business Park
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
  • Auction
  • Rent
    £209,311 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
  • Sector
  • 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

7.5 miles west of Aberdeen city centre
A944 Aberdeen Western Peripheral Route
Aberdeen Railway Station (Mainline and ScotRail)
Aberdeen Airport (5 miles to the north)

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.




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 is applicable to this lot.


Please contact Mhairi Archibald



Tenancy & Accommodation

FloorUseFloor Areas
TenantTermRent p.a.xReview/
836.47 sq m
422.65 sq m
(9,004 sq ft)
(4,549 sq ft)
16 years from
27/06/2012 to
26/06/2028 (3)
£209,311.50 (2)26/06/2022,
1,259.12 sq m
(13,553 sq ft)

(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 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
    File Size
    475 KB
    View PDF
  • Site Plan
    Updated Date
    File Size
    374 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    File Size
    585 KB
    View PDF


Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833
Seller's Solicitors
Kellas Partnership 2-6 High Street
AB51 3XQ
Stephen Park

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now