For Sale

FOR SALE

TySEAL BASECraigshaw Crescent Aberdeen AB12 3AQ

Multi-let Office Industrial Investment with Development Potential

FOR SALE

TySEAL BASECraigshaw Crescent Aberdeen AB12 3AQ

bull WestTullosisoneoftheprimecommercialareasinAberdeenincloseproximitytoAltensIndustrialEstateandtheA90dualcarriageway

bull Self-containedsiteofapproximately52acresofferingdevelopmentpotentialsubjecttoobtainingthenecessaryplanningconsents

bull Longleaseholdpropertygroundrentcurrentlypound100000perannum

bull Self-containedmixedindustrialandofficecomplexsurroundedbysignificantparkingareas

bull 6704sqm72164sqftletto10tenants

bull Rentalincomecurrentlypound427274pa

bull 1727sqm18595sqftvacant(26)offeringpotentialtoincreaseincome

Offers over pound2700000 reflecting a net initial yield of 114 assuming 590 purchasers costs and a site value of pound520000 per acre

NB - Purchasers costs reflect LBTT rates at the quoting price

FOR SALE

TySEAL BASECraigshaw Crescent Aberdeen AB12 3AQ

AberdeenAberdeenisScotlandsthirdlargestcitywithapopulationofc223000andislocatedonthenorth-eastcoastapproximately125milesnorthofEdinburghand150milesnorth-eastofGlasgowThecitybenefitsfromexcellenttransportlinkstotherestoftheUKwithdirectflightstoallmajorUKdestinationsandseveralEuropeancities

ThecityisamajorinternationalcentrewithintheworldwideenergysectorandtheEuropeanhubforoilandgasexplorationandproductionintheNorthSeaThecityhasexperiencedexceptionalgrowthinrecentyearsresultinginathrivingeconomyAberdeenhasonethemostdynamiceconomiesintheUKwithunemploymentratesthatarebelowtheScottishandUKaveragesInadditionthecityistheadministrativecapitalofNorthEastScotlandhasawealthoffoodfisheriesandagriculturalorganisationsandishometoover20000students

TherecentstrengthoftheAberdeeneconomyhasmeanthatsince2011demandhasoutstrippedsupplycreatingastrongplatformforrentalgrowth

Tyseal BaseTysealBaseoccupiesaprominentpositionwithintheWestTullosIndustrialEstateWestTullosisoneofAberdeenrsquosoldestandlargestcommercialareaslocated2miles(32km)tothesouthofAberdeencitycentreItbenefitsfromgoodaccessviaWellingtonRoadtoAberdeenHarbourandthemainA90trunkroadsouthwardsThecityrsquosairportissituatedapproximately9miles(145km)tothenorth-west

TysealBaseislocatedbetweenCraigshawCrescentandCraigshawDriveandhasquickaccesstobothWellingtonRoadandWestTullosRoadtwoofAberdeenskeyarterialroutesTheareahasevolvedfromitsindustrialrootsandnearbyoccupiersincludeJohnClarkBMWSpecialistCarsVolkswagenAMECGroupandAberdeenCityCouncilrsquosContractingServicesampRoadsDepartmentDepotDirectlyoppositeareWoodGroupandRobertWisemanDairiesTheareaisundergoingcontinuedredevelopmentwith80000sqftofnewofficesrecentlycompletedatnearbyCityView

FOR SALE

TySEAL BASECraigshaw Crescent Aberdeen AB12 3AQ

DescriptionTysealBasecomprisesaformerpurposebuiltfoodfactoryoriginallydevelopedforFindusinthe1960rsquoswiththeadjacentofficeblock(PhoenixHouse)developedatalaterdate(c1980rsquos)Thesiteisoperatedasabusinesscentreprovidingmulti-letofficeandworkshopaccommodationThemainbuildinglocatedinthecentreofthesiteprovidesindustrialspacewhichpresentlyaccommodates8separatetenantsPhoenixHouseandWinfexCentreprovideofficeaccommodationinsuitesfrom2399sqft

ThemainbuildingisofconcreteportalframeconstructionwithdoublepitchedcorrugatedcementsheetpanelroofcladdingTheinternalconfigurationhasbeensplitforminganumberofworkshopseachwithrollershutterdooraccessedfromsharedtarmacyards

TheWinfexCentreisoftraditionalbrickconstructionunderaflatfeltroofThebuildingoffersopenplanofficeaccommodationoverasinglefloorThereisgoodnaturallightthroughout

PhoenixHousebenefitsfromaprominentfrontageontoCraigshwDriveItisofsteelframeconstructionunderaflatfeltroofThebuildingoffersbasicopenplanofficeaccommodationconfiguredovertwofloorsAccessdoorsateitherendofthebuildingallowforeasysub-divisiontoaccommodateanumberofseparatecompanies

OnesmallseparateunitissituatedtotheNorthEastcornerofthecomplex

ThesiteoperatesaonewaytrafficsystemwiththemainaccessfromCraigshawCrescentThereiscurrentlyablockedsecondaryaccesspointwhichhasscopetobereinstatedThesitehasplentifulparkingandlimitedlandscapedareas

FOR SALE

TySEAL BASECraigshaw Crescent Aberdeen AB12 3AQ

Unit Description Tenant DemiseArea Lease Term

Next Review Break Clause Current Rent pound per annum Comments EPCSq M Sq Ft From To

Unit 1 Coltel Limited Mixed 2520 2712 2562001 2562016 - - pound28750

TBO on 6 months written notice Skip bay and 2 parking

spaces included G

Units 2 amp 2A Gordon Engineering Services Mixed 7102 7645 5102001 2662017 2552015 - pound50400 Unit 2A has no toilets Yard 752

sq yds G

Units 367 amp 13 EastClaremont Office Interiors

(AampH) Limited Mixed 15803 17010 132008 3172015 - - pound100000 Yard 1595 sq yds Tenant

negotiating lease extension367 amp 13 = G

5 = C

Unit13 WestClaremont Office Interiors

(AampH) Limited Office 1425 1534 142009 See Comments pound12000 Infomal Verbal Lease Included within wider lease negotiations G

Unit 5Claremont Office Interiors

(AampH) Limited Mixed 1887 2031 18220133 month rolling

licence -3 month rolling

breaks pound20554

3 month rolling licence to oc-cupy Rent includes SC and

Insurance

Unit 3A Enterprise Engineering Ltd Mixed 3766 4054 122014 3112017 - - pound39000 Yard 379 sq yds TBC

Unit 3B amp 3D Northgate Vehicle Hire Mixed 5373 5784 2962011 2862016 - - pound45500 E

Unit 3C 3E amp 9 OMVR Ltd Mixed 3736 4021 1122011 11312016 - - pound33350 Includes 11 parking spaces G

Unit 4 Macmillan Flooring Mixed 1721 1852 142014 142017 - Annual pound15000

3 months notice for break IR lease SC capped at pound2400 +

elec + insurance D

Unit 8 Hire Station Limited Workshop 5514 5935 2242014 3132024 3132019 3032019 pound45000 6 months notice for break F Unit 12A Oil4All Limited Office 921 991 1822013 1722023 - - pound10000 - E Unit 12B Vacant Office 1607 1730 - - - - - - G

13 Gr Flr Non Lettable Fire Escape - - - - - - - - -

Winfex House Vacant Office 5700 6136 - - - - - - E Phoenix House Vacant Office 9967 10729 - - - - - - E

36 Parking Spaces John Clark (Aberdeen) Limited Parking - - - - - - pound18720 - -

Additional Car Parking Northgate Vehicle Hire Parking - - - - - - pound9000 - -

TOTALS 67042 72164 pound427274

NB All floor areas have been measured in accordance with the RICS Code of Measuring Practice (6th Edition) Full access not available floor areas taken from leasesmanagement schedule

FOR SALE

TySEAL BASECraigshaw Crescent Aberdeen AB12 3AQ

TenureThepropertyisheldonalongleaseholdbasisrunningfor99yearsfrom10March1969expiring9March2078ThecurrentrentalsetinMay2008ispound100000perannumandisreviewedevery5yearsAreviewwasduein2013andisstilloutstandingTheleasehasapproximately63yearstorun

Development PotentialThesiteextendsto52acresortherebyandoffersscopeforredevelopmentsubjecttostatutoryobligations

VATThepropertyhasbeenelectedforVATandthereforeVATwillbepayableinrespectofthepurchaseprice

Legal FeesEachpartywillpaytheirownlegalcostsinvolvedinanytransactionIfapplicabletheingoingtenantwillmeetthecostsofLBTTRegistrationDuesandanyVATIncurred

ProposalWeareinstructedtoseekoffers in excess of pound2700000 reflectingasitevalueofpound520000peracreandanetinitialyieldof114assuming590purchaserscosts

NBndashPurchaserscostsreflectLBTTratesatthequotingprice

ContactFormoreinformationpleasecontactthesoleagentsDTZMark JonesEmailmarkjonesdtzcomTel01312224544

Robert WorboysEmailrobertworboySdtzcomTel01312224538

DTZOneEdinburghQuay133FountainbridgeEdinburghEH39QGTel01312224646Fax01312224501wwwdtzcomuk

IMPORTANT NOTICEDTZ gives notice to anyone who may read these particulars as follows1 These particulars are prepared for the guidance only of prospective purchasers

They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract

2 Any information contained herein (whether in the text plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact

3 Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order

4 The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs

5 Any areas measurements or distances referred to herein are approximate only6 Where there is reference in these particulars to the fact that alterations have been

carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning building regulations or other consents have been obtained and these matters must be verified by any intending purchaser

7 Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statemen April 2015