FG Burnett instructed to sell Aberdeen industrial investment

September 30, 2015

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/

 

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