A prominent Montrose industrial facility is being offered for sale or lease after the owner declared it surplus to requirements.
Gemini Corrosion Services’ modern office, warehouse and yard in Brent Avenue amounts to more than 33,000ft2, about half the size of a football pitch.
Managing director Steven McGilvray said: “It is a part of our site that we now don’t need.
“It was built a few years ago for a coating system which has been overtaken by other processes. It was basically dead cash which, in the current climate of the oil and gas sector, we don’t want to maintain.
“That is why we are offering it for sale or lease so that we can use the proceeds to reinvest in our company in processes that are much more viable.
“This will also send out a signal to our customers that we are a company that can respond to the market and make changes to maintain our efficiency and quality.”
Gemini has a workforce of about 30 and is planning a modest increase in its pursuit of more business.
The company moved to Montrose from Stonehaven and offers a range of protective coating services to customers in oil and gas, tubular and renewable energy industries as well as the Ministry of Defence.
Its total site off Brent Avenue fills about seven acres, and the office and warehouse take up about an acre.
The accommodation includes a reception area and offices along with toilet and kitchen facilities. There are car parking spaces and the warehouses with a yard at the rear.
Offers in excess of £900,000 are invited for the purchase, or a rental of £95,000 per annum is sought.
Gemini plans to create another office with associated facilities in another part of its site.
James Morrison, senior surveyor at Shepherd’s Aberdeen office, said: “The property is now surplus to requirements for the current occupier.
“It is anticipated that due to the strategic location of Montrose there will be high levels of demand, with Dundee only being 30 miles to the south and Aberdeen 40 miles to the north.”
Gemini was a creditor of the collapsed Houston’s of Cupar which went into liquidation with debts of more than £300,000 but Mr Mr McGilvray said that had no bearing on the disposal of the building.