Savills, on behalf of a private investor, is marketing the opportunity to rent The Hub at Hareness, a newly refurbished industrial warehouse in Aberdeen available as a whole or as four smaller individual units at a quoting rent of £8.50 per sq ft.
Located on Hareness Road, The Hub has undergone a £1m refurbishment program to include a new roof and cladding. Totalling 28,665 sq ft, units range from approximately 5,600 sq ft to 7,689 sq ft.
Claire Herriot, associate in the business space team at Savills in Aberdeen, comments: “Following a comprehensive refurbishment, The Hub delivers high quality modern industrial units in Aberdeen and with the majority of activity year to date concentrated at the smaller end of the market, The Hub should appeal to today’s occupier.”
According to Savills research, take-up at the end of Q3 2018 in Aberdeen’s industrial market totals 550,000 sq ft, slightly ahead of the same period in 2017 (512,000 sq ft). Of all deals to complete in 2018 year to date, Savills says 50% were sub-10,000 sq ft.
The property was acquired at auction in May 2018. Savills advised the landlord on the acquisition of the property and acted as project manager across the comprehensive refurbishment.