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388-406 Great Northern Rd 16,802 SF 83% Leased Retail Building Aberdeen AB24 2AX $4,238,456 CAD ($252.26 CAD/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 7.75% 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 8.75 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
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.
Tesco is a British multinational retail company headquartered in Welwyn Garden City, England. Founded in 1919 by Jack Cohen, the business began as a market stall in London before expanding into a major retail organization. Over time, Tesco developed a multiformat approach that includes supermarkets, convenience stores, online retail and various service-based divisions. As a publicly traded company listed on the London Stock Exchange under the ticker TSCO, it operates independently without a parent organization. The company has achieved notable milestones, including the creation of its own-brand ranges and the introduction of widely adopted customer loyalty programs. Tesco’s operations encompass grocery, general merchandise and complementary services such as banking and telecommunications. Its headquarters serves as the central location for strategic planning and corporate functions.
| 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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