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Ryden advises on the purchase of well secured retail investment in Arbroath for £432,500

28th October 2019

Acting on behalf of a private London based investor, Ryden has purchased the Heritable Interest in 183-187 High Street, Arbroath, Scotland for £432,500 reflecting a net initial yield of 8.6%.

The retail unit, which extends to approx. 3,000 sq ft, sits within the main pedestrianised section of the High Street and is let in its entirety to Farmfoods Limited until March 2029 at a passing rent of £38,700 pa. 

Farmfoods have occupied the property for over 25 years and recently completed a lease extension, showing their commitment to the location.

Derek Archer, Investment Associate at Ryden, commented on the deal:

''Despite the current challenges within the retail sector, selective opportunities are throwing up excellent value.

“With 9.5 years to a 5A1 covenant, similar income streams in other sectors are not generating such attractive returns''.

Ryden represented the purchaser in this transaction, whilst Mason Owen and Crichton Property Consultancy acted on behalf of a private seller.

Categories Deals Investment Retail

Derek Archer

Derek specialises in the sale and acquisition of investment properties covering most commercial sectors and the provision of asset management advice to clients with a view to maximising the value of client assets.

His experience covers a diverse client base working with property companies, main stream financial institutions and private investor clients in terms of providing investment and asset advice and disposing and acquiring assets for a range of clients.

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