Stena Drilling Pipe Storage Site, ET3, Greenbank Crescent East Tullos Industrial Estate Aberdeen AB12 3BG

Stena Drilling Pipe Storage Site, ET3, Greenbank Crescent
East Tullos Industrial Estate
Aberdeen
AB12 3BG

Heritable Ground Rent Investment

Entirely let to Stena Drilling Ltd until May 2136 (no breaks)(110 years unexpired)
5 yearly upward only rent reviews
Outstanding 2021 rent review
Site of 1.09 Ha (2.69 Acres)
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
13
Auction
6th May 2026
Rent
£69,770 per Annum Exclusive
Status
Available
Guide*
Contact Us
Auction Venue
Live Streamed Auction

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Heritable Ground Rent Investment

Entirely let to Stena Drilling Ltd until May 2136 (no breaks)(110 years unexpired)
5 yearly upward only rent reviews
Outstanding 2021 rent review
Site of 1.09 Ha (2.69 Acres)
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 13
Auction 6th May 2026
Rent £69,770 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 of 1.09 Ha (2.69 Acres) which currently provides hard standing areas for pipe storage

VAT

VAT is applicable to this lot.

Note

The adjoining site, ET2 will be offered separately as Lot 10.

EPC

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

Description

The property comprises a site of 1.09 Ha (2.69 Acres) which currently provides hard standing areas for pipe storage

VAT

VAT is applicable to this lot.

Note

The adjoining site, ET2 will be offered separately as Lot 10.

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
1.09	2.69	STENA DRILLING LTD (1)	163 years from 15/05/1973 until 27/05/2136	£69,770	15/05/2021 15/05/2026 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 area geared to open market rental value, upwards only (please see the lease for exact rent review provisions).

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.