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388-406 Great Northern Rd 16,802 SF 83% Leased Retail Building Aberdeen AB24 2AX $3,036,410 ($180.72/SF) 7.73% Cap Rate
INVESTMENT HIGHLIGHTS
- Two retail units with arterial roadside frontage (A96).
- Approximately 21,958 sq ft (2,040 sq m).
- Very low base rental levels for both units.
- 94% of tenant income is classified as 'very low risk'.
- Attractive net initial yield of 7.73% after deduction of costs.
- Substantial customer car park with 6 EV charging stations.
- Fully let to Tesco and Poundstretcher with further income from For EV.
- WAULT of 8.9 years to expiry.
- Offers in the region of £2,275,000 invited for the heritable interest.
EXECUTIVE SUMMARY
Two retail units with arterial roadside frontage (A96. Approximately 21,958 sq ft (2,040 sq m)
PROPERTY FACTS
AMENITIES
- Security System
- Automatic Blinds
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- -
- 10,000 SF
- -
- -
Established in 1981, Poundstretcher is a leading variety discount retailer for quality food, toiletries, garden essentials, and home-ware brands. Offering thousands of products at some of the lowest prices on the high street, Poundstretcher stores provide shoppers with an incredible selection of value for money items. With stores nationwide across their brands, Poundstretcher stocks a huge selection of great value products at competitive prices, including cleaning supplies, kitchenware, bedding, bathroom products, furniture, electric goods, children’s toys, and so much more. They even have a wide selection of pet care products within their “Pet Hut” section.
-
- -
- 4,000 SF
- -
- -
As a leading multinational retailer, with more than 330,000 colleagues, Tesco aim to serve customers every day with affordable, healthy and sustainable food – to help them enjoy a better quality of life and an easier way of living.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
- | 10,000 SF | - | - | ||
|
|
- | 4,000 SF | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Part Ground Floor And Lower Ground Floor
| Space | Size | Space Use | Position | Available |
| A | 2,802 SF | Retail | End Cap | Now |
A
| Size |
| 2,802 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
A
| Size | 2,802 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Part Ground Floor And Lower Ground Floor
NEARBY MAJOR RETAILERS
Presented by
388-406 Great Northern Rd
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