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