SHEPHERD Chartered Surveyors is offering an Aberdeen city centre retail investment for sale.
Located on the south side of Schoolhill in a highly prominent position within Aberdeen city centre, the 3,800 sq ft property is laid out at ground floor to provide retail space with the upper levels used for staff and food preparation.
Surrounding properties within the area are mainly of a commercial use and include The Academy Shopping Centre, Bon Accord Centre and James Dunn’s House Hair & Beauty Salon along with being in close proximity to the Aberdeen City Council Headquarters.
The property is let to Haigs until 2022 on a rental of £60,000 pa with a review scheduled for 2017.
James Morrison, surveyor at Shepherd’s Aberdeen office, said: “The property represents a rarely available investment opportunity in Aberdeen city centre and, as such, we anticipate keen interest in this unit from potential investors.”
Offers in excess of £675,000 are invited. A purchase at this level would provide a purchaser with a net initial yield of 8.4 per cent, allowing for purchasers’ costs of 5.8 per cent.
ENDS
For further information please contact James Morrison on tel 01224 202800
Issued on behalf of Shepherd by Liquorice Media tel 0141 297 1699 www.liquorice-media.com
Date: 11th September 2013
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