On behalf of a Family Property Company, we have completed the purchase of Cut House on Aberdeen Energy Park, Aberdeen. The property is a modern (2008 built) industrial unit on a 1.25 acre site let for 10 years to Cutting Underwater Technology Ltd with annual RPI rental increases. The property was secured for a net initial yield of 9.43% after allowing for purchasers costs. The deal supports our aim of sourcing and acquiring good quality investments across all sectors, particularly targeting the £500,000-£5 million lot size.
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