Shepherd Chartered Surveyors is offering a 1000 sq ft retail investment property in Peterculter for sale at offers in excess of £95,000.
The mid terraced ground and basement floor retail unit is located at 161 North Deeside Road in Peterculter, a suburb seven miles to the west of Aberdeen city centre. The surrounding area is mixed in nature with a number of both residential and commercial occupiers.
James Morrison, Commercial Surveyor at Shepherd, said, “Peterculter can be reached by way of the A93 route which leads in a westerly direction from Aberdeen City centre towards the Deeside Valley. Consequently, the suburb benefits from a high level of passing trade.
“Offers in excess of £95,000 are invited. A purchase at this level would provide a purchaser with a net initial yield of 8.2%, allowing for purchasers’ costs of 2.75%.”
The property is currently let on an internal repairing and insuring lease which commenced on 1st April 2008 and expires 31st March 2013. The current passing rental is £8,000 per annum exclusive of VAT payable monthly in advance.
For further information please contact James Morrison, Shepherd tel 01224 202800
Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
Date 9th September 2010