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ANGUS - A COST EFFECTIVE ALTERNATIVE A


s Aberdeen continues to feel the effects of the fall in the global oil price


are there now signs that Angus is beginning to be considered as a cost effective destination for the oil and gas sector? Reports Andrew Dandie, Partner Graham & Sibbald. Angus has always


Andrew Dandie


had a number of national, regional and locally based businesses with a focus on the oil and gas sector operating


from towns such as Montrose and Arbroath. While there has undoubtedly been a slowdown in the sector as a whole and unfortunately, not an insignificant number of job losses in Angus there are positive enquiries for commercial space and while there has yet to be a rush down the A90 from Aberdeen there are certainly a number of parties who are looking to locate in Angus to serve the Aberdeen market from a more economic cost base compared to Aberdeen and its immediately surrounding areas. Montrose, with the resurgent port has


enjoyed a boom in demand with occupiers such as GE Oil and Gas continuing with an impressive expansion on both of their sites


lying to the north of the town centre. Graham + Sibbald acted for the landlord of the old Stagecoach Bus Depot on Rossie Island Road which had lain unoccupied for a number of years. The building was successfully let to the growing global subsea group Harkand as a base to serve the north sea via Montrose port. The unit was refurbished to a specification agreed with the ingoing tenant and during negotiations it was clear that companies in this sector expect a high standard of accommodation and are prepared to pay for it, albeit on terms that are substantially below those demanded in Aberdeen to the north. If quality space, be it new, second hand


or refurbished is made available then there are occupiers out there who would pay a new economic rent, both from landlord and occupier point of view but the landlord has to be willing to work with the tenant to meet their specific requirements. The developer of the Rossie Island Road


unit in Montrose, JJKS Estates Limited have now turned their attention to their most recent acquisition ex John M Henderson Building in Kirkton Industrial Estate, Arbroath. The buildings situated on a 6 acre secure site provide a mix of manufacturing, warehousing and office accommodation extending over 90,000 sq.ft. The buildings


have impressive eaves height and facilities such as overhead cranage already in place. One specific building on the site, Bay 5, has an eaves height of 11 metres, overhead cranage totalling 50 tonnes and a 4 metre inspection pit all of which make it a unique facility ideally suited for the oil and gas sector. The landlord has already commenced work on site to bring the buildings up to an acceptable standard with recladding work and a full refurbishment taking place. The property is available as a whole or can be sub-divided to meet specific occupiers demand and all enquiries should be made to Graham + Sibbald who are the sole letting agent via their Dundee and Aberdeen offices. As the existing stock is taken up by both


owner occupiers and incoming tenants, local and national, then there is the distinct possibility that there will be a shortage of suitable properties available both to purchase and lease. Any development undertaken in the last 5 years or so has generally been for a specific end user, more than likely, an owner occupiers and with these buildings unlikely to be available certainly in the short term there is a danger that there will be no available stock as speculative development has been non existent since the banking crisis and subsequent recession.


Contact Angus Council’s Business Angus team for a complete solution to your investment or relocation requirements. We will assist you to find a property that meets all of your business needs.


 Land and property


 Support from experienced investment professionals


 Information and advice about the availability of grants and funding


Assistance with employment Access to a streamlined planning process Marketing and PR support  Sector specific business advice


In Angus, we have an appetite to assist and Business Angus is here to help.


www.businessangus.com 46 COMMERCIAL PROPERTY MONTHLY 2016


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