The Boat Shed Charter Avenue, Laurencekirk, AB30 1GJ

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.

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 6% initial yield at the current asking price.

Key Features
Industrial investment for sale
Lease recently extended to 2029
Dedicated parking
Secure compound

Details
EPC - Building energy performance certificate: B
VAT - We understand the building is not elected for VAT
Services - Mains, electricity, water and drainage
Tenure - Freehold
Lease - Available upon request