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279-281 North Deeside Rd 3,000 sq ft 100% Let Retail Property Peterculter AB14 0UL £1,200,000 (£400/sq ft) 5.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Well placed for quick access to the city centre and as such, has a large commuter population.
- The building is of steel frame construction.
- The property benefits from high visibility and quick accessibility to the local and national road network.
EXECUTIVE SUMMARY
The subjects comprise nine flats within a larger detached block which includes commercial units and is of a three storey height however due to the change in site height, is of four storeys to the rear elevation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,000 sq ft
Costar Property Class
B
Year Built
2016
Price
£1,200,000
Price per sq ft
£400
Yield
5.50%
NOI
£66,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.75
Total Plot Size
0.09 ac
Frontage
104 ft on North Deeside Road
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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279-281 North Deeside Rd
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