FOR SALE HIGH PROFILE RETAIL INVESTMENT

HAUDAGAINRETAIL PARKGREAT NORTHERN ROADABERDEEN

> INVESTMENT SUMMARY

- 5 units let to KFC franchise, Carphone Warehouse, American Golf, Maplin and High Seat

- Excellent high profile trading location on Aberdeen’s inner city ring road

- Total GIA of 13,500 sq ft (1,254 sq.m.)

- Rental of £248,750 per annum

- AWULT of 8 years and 5 months to expiry

- Offers over £3.0 Million exclusive

- Net initial yield of 7.82%.

> LOCATION

Aberdeen is one of the most prosperous business focused cities in the UK. Its status as a global centre of excellence in the energy industry has been established for over 40 years with other industries also present, giving diversity to the local economy. Some facts and figures about the city are highlighted below:

• The population is approximately 225,000 making it the third largest city in Scotland.

• The regional catchment population is 500,000 and is forecast to grow in the next 20 years.

• It is the administrative centre for the North East of Scotland and home to the HQs of Aberdeen and Aberdeenshire Councils.

• The city has two highly regarded universities – the University of Aberdeen and Robert Gordon’s University.

• Average weekly earnings in the city in 2015 were 25% higher than the Scottish average

• The city’s unemployment rate in June 2016 was 4.7%, compared to 5.2% in Scotland and 4.9% in the UK.

• Aberdeen City and Shire has a combined GDP of £12.34 billion.

• The city is home to a quarter of Scotland’s top 100 companies.

It is estimated that 50% of the oil and gas activity in Aberdeen is focused on the UK Continental Shelf while 50% is exported globally, highlighting the city’s importance in the global energy arena. Despite lower oil prices, companies are still committing to long-term leases, underlining the confidence in the city’s future.

Over £500 Million of UK and Scottish Government funding is pledged over the next 5-10 years to deliver significant infrastructure improvements. Ongoing major infrastructure investment includes the Aberdeen Western Peripheral Route,

HAUDAGAINRETAIL PARKGREAT NORTHERN ROADABERDEEN

the new Aberdeen Exhibition and Conference Centre and an extension to Aberdeen Airport.

Aberdeen has strong communication links with the rest of Scotland, the UK and Europe.

The A90 dual carriageway links Aberdeen with the Scottish motorway network, making Edinburgh and Glasgow accessible in just over two hours.

The city is also linked to major towns and cities throughout the UK by rail, including Edinburgh, Glasgow, Dundee and Inverness, together with services to King’s Cross and the Caledonian Sleeper to Euston.

Aberdeen International Airport, which lies 6 miles to the north west of the city centre, provides frequent daily services to the principal UK cities and direct flights to Europe.

ABERDEEN

INVERNESS

DUNDEE

GLASGOWEDINBURGH

> SITUATION

The property is situated at the intersection of the A90 and the A96, Aberdeen’s two main trunk roads, offering an un-rivalled profile to the thousands of vehicles that pass on a daily basis. Its location on the Haudagain roundabout ensures that the property is accessible from every direction of travel. The A90 links Aberdeen with Edinburgh and Glasgow and the A96 links Aberdeen with Inverness, passing Aberdeen International Airport and the new Aberdeen Exhibition and Conference Centre.

> DESCRIPTION

Modern detached retail units, together with 76 car spaces, providing Class 1 use for American Golf, Carphone Warehouse, Maplin and High Seat with a Class 3 restaurant/drive thru for the KFC franchise.

GREAT NORTHERN ROAD A96

NO

RTH

AN

DER

SON

DR

IVE A90

CLIFTON ROAD

UNIT 2UNIT

2A

UNIT 1

UNIT 3

UNIT 4

> TENANCIES

DEMISE TENANT LEASE EXPIRY RENTAL P/A REVIEW FLOOR AREA (SQ FT ) OBLIGATION COMMENT

Unit 1 American Golf 04/07/24 £52,500 05/07/19 3,000 FRI - Discount Centre Ltd

Unit 2 Maplin Electronics Ltd 13/07/24 £61,250 13/07/19 3,500 FRI -

Unit 2A Carphone Warehouse Ltd 31/08/19 £27,500 - 1,000 FRI -

Unit 3 Herbel ( Northern ) Ltd 15/05/30 £57,500 20/04/20 2,500 FRI Tenant break 1/5/2025

Unit 4 High Seat Ltd 15/05/24 £50,000 16/05/19 3,500 FRI

Tenant break15/05/2019 and subject to schedule of condition. 3 months rent free from 16/05/2019 if break not exercised.

TOTAL £248,750

Disclaimer. Whilst every care has been taken in the preparation of these particulars and they are believed to be correct, they are not warranted and should not be taken to form part of any contract. Any purchaser or lessee should satisfy themselves as to the correctness of each of the statements contained in these particulars. The owner of the property does not make or give and neither the agents nor any person in their employment has any authority to make or give any representation or warranty in relation to the property described in these particulars. September 2016.

> CONTACT

For further information and viewing, please contact the joint selling agents :

Dave Macleod

01224 597527david.macleod@fgburnett.co.uk

David McClure028 9027 0013david.mcclure@osborneking.com

> COVENANTS

Carphone Warehouse have over 2,400 stores across Europe; KFC have over 860 stores in the UK; Maplin have over 215 stores in the UK and Ireland; American Golf have 110 stores in the UK and High Seat have over 50 stores in the UK.

KFC, Maplin and American Golf have all traded at Haudagain since its opening in 1999.

The Carphone Warehouse Limited are D&B 5A1, with turnover of £2.056 Billion and Net Worth of £1.007 Billion for the year end 02/05/2015.

Herbel ( Northern ) Limited are D&B A2, with turnover of £8.154M and Net Worth of £0.627M for the year end 31/03/2015.

Maplin Electronics Limited are D&B 4A1, with turnover of £236.252M and Net Worth of £28.917M for the year end 21/03/2015.

American Golf Discount Centre Limited are D&B 4A4, with turnover of £98.213M and Net Worth of £20.087M for the year end 24/01/2016.

High Seat Limited are D&B 2A2, with turnover of £35.933M and Net Worth of £2.084M for the year end 31/12/2014.

> TENURE

Heritable ownership (Scottish equivalent of English Freehold).

> EPC

EPC certificates are available on request.

> VAT

The property is elected for VAT and we anticipate that a sale will be undertaken by way of a transfer of a going concern.

> PROPOSAL

We are instructed to seek offers in excess of £3,000,000 (Three Million Pounds Sterling), for our client’s heritable interest, subject to contract and exclusive of VAT.

A purchase at this level will provide a net initial yield of 7.82%.

HAUDAGAINRETAIL PARKGREAT NORTHERN ROADABERDEEN