Stena Drilling, ET2, Greenbank Crescent East Tullos Industrial Estate Aberdeen AB12 3BG

Stena Drilling, ET2, Greenbank Crescent
East Tullos Industrial Estate
Aberdeen
AB12 3BG

Heritable Industrial Ground Rent Investment

Entirely let to Stena Drilling Ltd until May 2136 (no breaks)(110 years unexpired)
5 yearly upward only rent reviews to 96.57% of open market rental value
Outstanding 2021 rent review
Substantial site of 1.47 Ha (3.63 Acres)
Industrial buildings of 2,722.10 sq m (29,300 sq ft) on the site
Well established industrial estate 1.5 miles south of Aberdeen City Centre
Other occupiers in the estate include Biffa, NorDan, Arnold Clark Toyota, BSS and Proserv

Lot
10
Auction
6th May 2026
Rent
£109,920 per Annum Exclusive
Status
Available
Guide*
Contact Us
Auction Venue
Live Streamed Auction

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Heritable Industrial Ground Rent Investment

Entirely let to Stena Drilling Ltd until May 2136 (no breaks)(110 years unexpired)
5 yearly upward only rent reviews to 96.57% of open market rental value
Outstanding 2021 rent review
Substantial site of 1.47 Ha (3.63 Acres)
Industrial buildings of 2,722.10 sq m (29,300 sq ft) on the site
Well established industrial estate 1.5 miles south of Aberdeen City Centre
Other occupiers in the estate include Biffa, NorDan, Arnold Clark Toyota, BSS and Proserv

Lot 10
Auction 6th May 2026
Rent £109,920 per Annum Exclusive
Status Available
Guide* Contact Us
Sector
Industrial, Ground Rent
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 1.5 miles south of Aberdeen City Centre
Roads: A90, AWPR, A96
Rail: Aberdeen Railway Station
Air: Aberdeen Airport

Situation

Aberdeen is recognised globally as a centre of excellence for the oil, gas and energy sectors. As the third largest city in Scotland, with a population of approximately 225,000. The property is situated in the East Tullos Industrial Estate some 1.5 miles south of Aberdeen City Centre an benefitting from close proximity to Wellington Road (A956) and Aberdeen Harbour. The property is situated on the south side of Greenbank Crescent, other occupiers in the estate include Biffa, NorDan, Arnold Clark Toyota, BSS and Proserv.

Tenure

Heritable. (Scottish equivalent of English Freehold)

Location

Miles: 1.5 miles south of Aberdeen City Centre
Roads: A90, AWPR, A96
Rail: Aberdeen Railway Station
Air: Aberdeen Airport

Situation

Tenure

Heritable. (Scottish equivalent of English Freehold)

Description

The property comprises a site totalling 1.47 Ha (3.63 Acres) upon which sits a substantial industrial facility with ancillary offices of approximately 2,722.10 sq m (29,300 sq ft) together with hard standing yard areas currently used for pipe storage.

VAT

VAT is applicable to this lot.

Note

The adjoining site, ET3 will be offered separately as Lot 13.

EPC

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

Description

VAT

VAT is applicable to this lot.

Note

The adjoining site, ET3 will be offered separately as Lot 13.

EPC

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

Tenancy & Accommodation

Site Area Approx. Ha	Site Area Approx. Acres	Tenant	Term	Rent p.a.x.	Rent Review
1.47	(3.63)	STENA DRILLING LTD (1)	163 years from 15/05/1973 until 27/05/2136	£109,920	28/05/2021 28/05/2026 and 5 yearly thereafter (2)

(1) Stena Drilling is one of the world's foremost, independent drilling contractors, a wholly-owned subsidiary of Stena AB (www.stena-drilling.com). For the year ending 31/12/2024 Stena Drilling Ltd reported a Turnover of £55,975,000, an Operating Profit of £4,781,000 and Total Shareholders' Funds of £101,262,000 (Annual report and financial statements as published at Companies House 13/04/2026).
(2) The rent reviews are geared to 96.57% of the open market rental value, upwards only (please see the lease for exact rent review provisions).
N.B. The floor areas stated above are those published by the Scottish Assessors Association (www.saa.gov.uk).

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.