Aberdeen Investment Sold
7 May 2008
On behalf of Lesuretec Limited, Ryden has sold the heritable interest in 229 Union Street, Aberdeen. The sale price is in the order of £1 million reflecting a net initial yield of 6.15% after purchasers’ costs. The property has been purchased by a private client of Sanders Cartwright.
The property comprises a retail unit extending over four floors to and is let to Happit Limited on a full repairing and insuring lease expiring in 25 October 2022 with tenant break option in 2017. The current rent is £65,000 per annum.
