Prime Retail Investment Acquired in Inverurie
08 September 2010
Bon Accord Trading Company, advised by Ryden, has acquired a prime retail unit at 15 Market Place, Inverurie from a private Irish investor. The 2,541 sq ft shop is let to Mackay Stores Ltd, trading as M&Co. The purchase was negotiated off market.
Ken Shaw, Investment Partner in Ryden's Aberdeen office said: "Our client was delighted to complete the purchase of this prime unit at an attractive initial yield. The town has remained popular with retailers through the recession and therefore we believe the prospect for future rental growth moving forward is good".
The vendor was represented by Moran RAC Ltd.
