Summary - THE BOAT SHED, CHARTER AVENUE AB30 1GJ
1 bed 1 bath Light Industrial
Income-producing workshop with parking — short lease may limit mortgage options..
- 910 sq ft light-industrial unit in secure compound
- Tenant in situ: established engineering/motorcycle business
- Recent lease extension to 2029 (five years remaining)
- Initial yield c.7.47% at £100,000 asking price
- Low internal ceiling heights; not suitable for tall racking
- EPC rated B; mains electricity, water and drainage
- Area described as very deprived; consider long-term growth
- Short lease may prevent mortgage lending; verify tenure
The Boat Shed is a compact, flexible light-industrial unit offered with a sitting tenant and dedicated off-street parking. The property comprises two connected concrete-block workshops arranged in an L-shape within a secure compound. The tenant, an established engineering/motorcycle business, has agreed a lease extension to run for five years from August 2024, producing an initial yield of 7.47% at the asking price of £100,000.
Practical benefits include mains services, an EPC rating of B, roller access doors and easy access to the A90 and the nearby railway station for logistics. The building suits metal fabrication, restoration, maintenance or small-scale production uses; internal layout provides around 910 sq ft across approximately six rooms, and low ceilings suit workshop use rather than high-stacked storage.
Important cautions for buyers: the lease has only five years remaining from the recent extension and mortgage lenders frequently refuse lending on short-lease commercial assets. The area is described as very deprived, which may affect long-term capital growth. Buyers seeking owner-occupation or mortgage finance should verify tenure details and lender acceptance before committing.
Overall, this is a straightforward income-producing industrial asset for a cash buyer or an investor comfortable with short-lease holdings and local market conditions. The site’s secure setting and established tenant offer immediate income, but limited lease length and local economic indicators are material factors to consider.
Garage for sale in Mearns Motors Limited, Aberdeen Road, Aberdeenshire, AB30 — £339,500 • 1 bed • 1 bath
Light industrial facility for sale in Brent Avenue, Montrose, Angus, DD10 — POA • 1 bed • 1 bath • 12297 ft²
Commercial property for sale in 21-23 King Street, Inverbervie, DD10 0RQ, DD10 — £75,000 • 1 bed • 1 bath • 2300 ft²
2 bedroom flat for sale in Thoms Buildings, Gourdon, DD10 — £57,499 • 2 bed • 1 bath • 603 ft²
2 bedroom terraced house for sale in High Street, Laurencekirk, Kincardineshire, AB30 — £115,000 • 2 bed • 1 bath • 864 ft²
2 bedroom flat for sale in High Street, Montrose, DD10 — £64,995 • 2 bed • 1 bath • 908 ft²
