FG Burnett instructed to sell Aberdeen industrial investment

September 30, 2015
Sulzer

FG Burnett has been instructed to sell a high yielding industrial investment in a prime location with Kirkton Avenue, Dyce. The sale comprises two adjacent properties that are let to Dowding & Mills, who offer a Dun & Bradstreet 5A1 covenant and are part of the global Sulzer group. Both properties have leases that expire in December 2021, with rent reviews in 2016 which are expected to show significant rental uplifts. Dan Smith, who is handling the sale said “

At offers over £1.83 Million, this will be an attractive investment for private investors and property companies who are seeking a secure tenant on well located industrial property. The rent reviews in December 2016 offer scope for a significant uplift in rental and we believe that a reversionary yield of over 10% is possible following the reviews

For more details go to http://fgburnett.co.uk/property/aberdeen-city/dyce/pitmedden-road-industrial-estate/

 

FG Burnett FG Burnett @FGBurnett Industrial deals completed in November so far? 4 and counting!! 17 hours ago
FG Burnett FG Burnett @FGBurnett Fantastic location for today’s Union Street Conservation Area Regeneration Scheme launch. https://t.co/xgjynSGotA 23 hours ago
FG Burnett FG Burnett @FGBurnett Thank you to @BrodiesLLP for a highly informative seminar this morning. 23 hours ago
FG Burnett FG Burnett @FGBurnett Wishing Greggs all the very best on their first day of trading at Westhill Shopping Centre. For details of the ret… https://t.co/LMb4c7TmFG 24 hours ago
FG Burnett FG Burnett @FGBurnett RT @IoDAberdeen: Getting the low down on the ins and outs of #GDPR at @BurnessPaullLLP this morning #IOD #Aberdeen https://t.co/uuNJD5CTrL 1 day ago
FG Burnett FG Burnett @FGBurnett RT @AbdnInspired: Head into the city centre this weekend for all your local food and drink needs!🍴 as well as FINE Food and Drink Market wi… 2 days ago
FG Burnett FG Burnett @FGBurnett Our valuation team have been busy this year carrying out commercial valuations throughout the whole of Scotland. H… https://t.co/Naq1urIAif 2 days ago
FG Burnett FG Burnett @FGBurnett RT @ChrisYannaghas: At RICS seminar on service charges in commercial property; presented by Alistair Drummond of @DLA_Piper Scotland #Prope 3 days ago
FG Burnett FG Burnett @FGBurnett RT @ChrisYannaghas: At one of our managed properties this morning ensuring site staff are trained up in use of H&S management system #Prope 3 days ago
FG Burnett FG Burnett @FGBurnett RT @chambertalk: We want you to be part of reinventing the future of North-east Scotland. The Vanguard Legacy volunteers have brought fresh… 7 days ago
FG Burnett FG Burnett @FGBurnett RT @AbdnInspired: Get your skates on and get down to the Aberdeen Christmas Village this weekend! Doesn't the ice rink look amazing! ❄️ @Ab 7 days ago
FG Burnett FG Burnett @FGBurnett RT @AbdnInspired: What a fantastic line-up for our FINE food and drink market! Get your hands on some 'fine' local produce 👌🏼 Held between… 1 week ago