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South Harbour Road Retail & Trade Park South Harbour Road park 13,172 sq ft 100% Let Retail Property Fraserburgh AB43 9TA £1,333,000 (£101.20/sq ft) 9.80% Net Initial Yield
Investment Highlights
- Modern Retail and Trade Park Investment
- Offeres over £1,333,000 excluisve - attractive NIY 9.25%
- National Covenants Including Argos, Toolstation, For-EV and Lidl
Executive Summary
• Retail Warehouse and Trade Park investment with a long ground lease to Lidl at £1 p.a.
• 13,170 sq ft GIA of accommodation (excluding Lidl).
• Passing rent of £130,626 p.a.
• National covenant line up.
• 4.85 yr WAULT.
• Argos have been in occupation since 2004. Their passing rent is only £8.85 psf. They had a 2024 break option which was not actioned.
• Toolstation commenced occupation in 2020. Their rent review has just been agreed at £10.50 psf. They had a 2025 break option which was not actioned.
• For-EV have a passing rent at £7,260 p.a. and have inflation linked rent reviews until 2049. (They have not yet started their installation).
• Lidl have a ground lease interest at £1 p.a. with 103 years to expiry.
• 13,170 sq ft GIA of accommodation (excluding Lidl).
• Passing rent of £130,626 p.a.
• National covenant line up.
• 4.85 yr WAULT.
• Argos have been in occupation since 2004. Their passing rent is only £8.85 psf. They had a 2024 break option which was not actioned.
• Toolstation commenced occupation in 2020. Their rent review has just been agreed at £10.50 psf. They had a 2025 break option which was not actioned.
• For-EV have a passing rent at £7,260 p.a. and have inflation linked rent reviews until 2049. (They have not yet started their installation).
• Lidl have a ground lease interest at £1 p.a. with 103 years to expiry.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per sq ft |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Tenure
Freehold
Property Size
13,172 sq ft
Year Built
2004
Price
£1,333,000
Price per sq ft
£101.20
Yield
9.80%
NOI
£130,626
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
1 1
Nearby Major Retailers
1 of 6
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South Harbour Road Retail & Trade Park | South Harbour Road park
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