Units 1-3, South Harbour Road

Fraserburgh, Aberdeenshire, AB43 9TA

Asking Price £1,333,000

  • Retail warehouse & trade park investment
  • Purpose built stock with generous parking provision
  • Highly accessible on a main arterial route
  • Let to Toolstation, Argos and FOR EV
  • Long ground lease to Lidl at £1 p.a. included
  • 4.85 year WAULT
  • 13,170 sq ft GIA (excluding Lidl)
  • 2.63 acre site
  • Passing rent of £130,626 p.a.
  • Heritable interest
  • Offers in excess of £1,333,000 exclusive
  • Net Initial Yield of 9.25

LOCATION Fraserburgh is located on the north east corner of the Moray Firth coastline in northern Aberdeenshire. It is 41 miles north of Aberdeen and 17 miles north of Peterhead. Inverness is 90 miles to the west. Fraserburgh is known for being the biggest shell fish port in Europe and has a population of approximately 13,000. Catchment industry is mixed including, agriculture, oil & gas engineering and growing energy and infrastructure activity. The property is located on South Harbour Road which links the A90, being the main route south, to the harbour and town centre. Surrounding occupiers include Tesco, Screwfix and a variety of industrial occupiers. DESCRIPTIONThe property comprises a purpose built multi-let retail and trade park comprising 3 units. A Lidl food store occupied under a long ground lease acts as the anchor. Units 1 & 2 were developed in approximately 2004 as complimentary retail warehouse units. The property benefits from a large shared car park and easy access via a roundabout on South Harbour Road. The Retail Park benefits from a dedicated rear access and yard for loading and deliveries, this is accessed off South Road and has ample space for HGV provision. Units 1 & 2 are of steel frame construction with block wall and cladding system under a cladded roof system. Each unit benefits from rear roller shutter door access (direct to the rear yard) and feature entrance detail. The units benefit from traditional tenant fit out in each instance. SITEThe site extends to a total area of approximately 2.63 acres. TENUREHeritable interest. There is a long ground lease granted to Lidl expiring in 2129 (aproximately 103 years unexpired) at £1 p.a. if asked, this lease forms part of the subjects being sold.