The Boat Shed Charter Avenue, Laurencekirk, AB30 1GJ

Property Details: • Type: Light Industrial • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Laurencekirk Station • Distance to Station: 0.16389207264395095 miles

Agent Information: • Address: Claremount House East Claremont Street, Edinburgh, EH7 4LB

Full Description: McEwan Fraser Legal is delighted to present to the market The Boat Shed a flexible, light industrial facility in a secure compound with its own parking. With tenant in situ the property offers an immediate return on investment to a commercial landlord. <br /> <br />Accommodation comprises an L-shaped single-storey facility of two separate (but connected) workshops within a secure compound with parking. The workshops are solid concrete blockwork with 8ft wide sliding access doors on each unit. The property has previously been used successfully as a metal workshop, boat building facility, and now a classic motorcycle refurbishment business. The tenant is Grieves Engineering, an award-winning business. The tenants have been leasing for two years and have recently agreed to a lease extension for a further period of 5 years from August 2024. The investment provides 7.47% initial yield at the current asking price. <br /> <br />Key Features <br /> Industrial investment for sale <br /> Lease recently extended to 2029 <br /> Dedicated parking <br /> Secure compound <br /> <br />Details <br />EPC - Building energy performance certificate: B <br />VAT - We understand the building is not elected for VAT <br />Services - Mains, electricity, water and drainage <br />Tenure - Freehold <br />Lease - Available upon request