Modern Industrial Investment

Key Information

• Constructed to a high specification in 2015, for Reservoir Group.
• Heritable Interest (equivalent of English freehold)
• Total accommodation of 15,623 sq. ft
• 6.20 years unexpired lease term
• Current passing rent of £195,000 per annum
• 5 yearly upward only rent reviews to the higher of open market rental value or 2% per annum
• Next rent review in April 2025
• Reservoir Group Limited have D&B Credit Rating of 4A1
• EPC Rating B19

Property Description

The property is a modern detached industrial building constructed in 2015 which comprises warehouse and office space together with a secure yard and car park. The total site size is 0.95 acres (0.38 hectares). The property is constructed of steel portal frame, full height insulated wall cladding, insulated composite roof panels and aluminium double-glazed windows. There are two-storey offices to the front. Part of the first floor remains in shell condition albeit with windows in situ and is currently used as a store but could easily be fitted out as further office accommodation.

Aberdeen is Scotland's third largest city with a population of approximately 220,000 and a regional catchment population of over 500,000. Its status as the Energy Capital of Europe has been established for over 50 years and this is set to continue with a new wave of investment into all types of renewable energy utilising its skilled workforce and onshore/offshore infrastructure. Westpark is located in Blackburn, a high-profile business park on the A96, the main road connecting Aberdeen and Inverurie and Inverness beyond. It is only 3 miles from the Aberdeen Western Peripheral Route (AWPR) and 4 miles west of Dyce and Aberdeen International Airport, one of Aberdeen's key commercial locations. Blackburn is c. 9 miles northwest of Aberdeen City Centre and harbour. Other occupiers within Westpark include Archer, EV Offshore and a highly successful Starbucks Drive Thru together with EV charging.