Atlantic House Commerce Street Aberdeen AB11 5FE

Atlantic House
Commerce Street
Aberdeen
AB11 5FE

Heritable Industrial and Office Investment

Substantial Warehouse and Office Building with On Site Car Parking
Close to City Centre, Aberdeen Harbour and Railway and Bus Stations
Industrial Location with positive levels of Occupancy
Neighbouring occupiers include Kenway Tyres, MKM Building supplies and Brandon Hire Station, together with a mix of office, workshop and café occupiers

Lot
23
Auction
2nd November 2023
Rent
£109,543 per Annum Exclusive
Status
Sold
Price
£635,000
Auction Venue
Live Streamed Auction
On Behalf of Administrators

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Heritable Industrial and Office Investment

Substantial Warehouse and Office Building with On Site Car Parking
Close to City Centre, Aberdeen Harbour and Railway and Bus Stations
Industrial Location with positive levels of Occupancy
Neighbouring occupiers include Kenway Tyres, MKM Building supplies and Brandon Hire Station, together with a mix of office, workshop and café occupiers

Lot 23
Auction 2nd November 2023
Rent £109,543 per Annum Exclusive
Status Sold
Price £635,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction
On Behalf of Administrators

Property Information

Location

Miles: 67 miles north-east of Dundee
Roads: A90, A96
Rail: Aberdeen Railway Station (Mainline and Scotrail) (0.5 miles west)
Air: Aberdeen International Airport (6.5 miles west)

Situation

The property is situated on the west side of Commerce Street, midway between the A956 and Regent Quay and close to Aberdeen Harbour. It has direct access onto the A956, which in turn provides access to A92 South. Atlantic House is within walking distance of the city centre and all its amenities including the bus and rail stations, Union Square shopping and leisure centre and to the east Beach Boulevard Retail Park.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Location

Miles: 67 miles north-east of Dundee
Roads: A90, A96
Rail: Aberdeen Railway Station (Mainline and Scotrail) (0.5 miles west)
Air: Aberdeen International Airport (6.5 miles west)

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Description

The property comprises a substantial warehouse, currently subdivided to provide for two warehouses, both with a roller shutter door, together with office accommodation on the part ground, first and second floors.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Administrators and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Administrators are acting without personal liability. The Administrators are not bound to accept the highest or any offer.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Note

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
East Warehouse	Ground First	Warehouse Office	189.60 315.00	(2,040) (3,390)	TGT OILFIELD SERVICES UK LTD	1 year from 01/03/2023	£63,000
West Warehouse	Ground	Warehouse	387.50	(4,171)	FFOLKES OFFSHORE LTD	5 years from 13/11/2017 (Holding Over)	£30,000
Suite 1	Ground	Office	39.90	(430)	VIKING TRANSFERS	3 years from 01/01/2019 (Holding Over)	£5,756.64
Suite 2	Ground	Office	50.60	(544)	FFOLKES OFFSHIRE LTD	6 months from 01/01/2023 (Holding Over)	£8,000
Kitchen	Ground	Ancillary	28.40	(305)	(1)
2nd Floor Office	Second	Office	73.40	(790)	RESTRATA	5 years from 13/12/2022	£2,787
Additional Store	First	Storage	25.73	(277)	(2)
Total Approximate Floor Area			1,110.13	(11,947)			£109,543.64

(1) The ground floor kitchen/staff room is shared 63% to Ffolkes Offshore Ltd and 37% to Viking Transfers.
(2) The first floor store is a common area for IT, servers, cctv and other utilities.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.