Shepherd on scent of sale with retail investment offer in Aberdeen’s West End

SHEPHERD Chartered Surveyors has been instructed to offer a retail investment in Aberdeen’s West End for sale, with offers in excess of £100,000 invited.

Located within the heart of Aberdeen’s west end, standing just a short distance from the junction of Forest Avenue and Great Western Road, the subjects comprise a well-established florist business accommodated within a 700 sq ft ground floor and basement retail unit situated within an end terraced granite tenement building.

James Morrison, surveyor at Shepherd’s Aberdeen office, said: “The property is let to Eden Flowers on a lease expiring in November 2015 and a rent review scheduled for this November.

“The current passing rent under the lease is £9,000 per annum and offers in excess of £100,000 are invited. A purchase at this level would provide a purchaser with a net initial yield of 8.85 per cent, allowing for purchaser’s costs of 1.75 per cent.”

ENDS

For further information please contact James Morrison on tel 01224 202800

Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com

Date 9th October 2012

Contact: Susan Christie
Phone: 01415614018
Email: susan@liquorice-media.com
Website: http://www.liquorice-media.com