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Portlethen Retail Park 2 Retail Properties Offered at $24,768,013 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 | $24,768,013 | Number of Properties | 2 |
| Price / SF | $231.32 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 107,072 SF |
| Sale Type | Investment | Total Land Area | 2.49 AC |
| Status | Active |
| Price | $24,768,013 |
| Price / SF | $231.32 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 107,072 SF |
| 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 SF | 1991 | - |
| Muirend Rd, Portlethen AB12 4XP | Retail | 42,846 SF | 1991 | - |
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Portlethen Retail Park
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