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Portlethen Retail Park 2 Retail Properties Offered at £18,150,000 in Portlethen
Investment Highlights
- Prime, well-established food anchored retail park.
- WAULT of 7.50 years to expiry.
- Let to undoubted covenants of Aldi, Home Bargains, Matalan and B&M.
Executive Summary
Instructed to seek offers in excess of £18,150,000 (EIGHTEEN MILLION ONE HUNDRED AND FIFTY THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would show an attractive net initial yield of 7.00% after allowing for purchasers’ costs of 6.74% including LBTT (Land Building and Transactions Tax).
Property Facts
| Price | £18,150,000 | Number of Properties | 2 |
| Price psf | £169.51 / sq ft | Individually For Sale | 0 |
| Yield | 7% | Total Property Size | 107,072 sq ft |
| Sale Type | Investment | Total Land Area | 2.49 ac |
| Status | Active |
| Price | £18,150,000 |
| Price psf | £169.51 / sq ft |
| Yield | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 107,072 sq ft |
| Total Land Area | 2.49 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Muirend Rd, Portlethen AB12 4XP | Retail | 64,226 sq ft | 1991 | - |
| Muirend Rd, Portlethen AB12 4XP | Retail | 42,846 sq ft | 1991 | - |
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