Commercial property experts, FG Burnett, has been instructed to sell a prime retail investment in Buckie, Morayshire.
The 9,000 sq ft unit in East Cathcart Street is the former Lidl store which is now on a long term lease until 2023 to national retailer The Factory Shop.
Lidl have recently opened a new 20,000 sq ft store immediately adjacent and a large Somerfield store is located nearby.
FG Burnett director, David MacLeod, said the combination of a long lease to a successful major retailer and a prime retail location should attract a high level of interest from potential investors.
Mr MacLeod said: "The Factory Shop is a national retailer with more than 100 stores in the UK and has an excellent trading record. Add that to the central location and close proximity of Lidl and Somerfield and it’s clear the area will draw a large number of local shoppers.
"This is also a confidence booster for Buckie as an important commercial centre in the Moray area. The fact that Lidl have doubled the size of their store and the Factory Shop have committed to a long lease underlines the demand by local shoppers for national retailers in the town."
FG Burnett is seeking offers over of £685,000 on behalf of the vendor.
Commercial property firm was founded in 1960 and the practice has now grown to become the largest firm of chartered surveyors and property consultants based in Aberdeen and Glasgow.
(GK/KMcA)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
22/11/2024
SP Energy Networks has announced a major investment in Britain's electricity grid, selecting 19 preferred partners to deliver a £5.4bn supply chain programme. This significant initiative aims to meet increasing energy demand and facilitate future growth. The selected companies, many of which are ...
22/11/2024
Edinburgh City Council has launched a 12-week public consultation on a new strategy to revitalise Princes Street and the wider Waverley Valley. The vision aims to create a more vibrant and welcoming city centre, attracting investment, supporting businesses, and enhancing the visitor ...
22/11/2024
Ener-G Services Limited, a leading UK electrical engineering company specialising in renewables, marine, and offshore sectors, has expanded its operations in Westhill, Aberdeenshire. The company has leased Unit 6E at Kingshill Commercial Park, a 2,500 sq ft space, on a 5-year lease. This new ...
22/11/2024
A consortium of leading scientists, industry experts, and academic institutions has joined forces to accelerate Scotland's offshore wind sector. The £2.5 million project, led by the University of Edinburgh in collaboration with the University of Dundee and the Forth and Tay Offshore cluster (FTO), ...
22/11/2024
The Port of Aberdeen and Turner & Townsend were highly commended in the 'Engineering, Construction & Infrastructure Project of the Year' category at the APM Project Management Awards 2024. The award recognises excellence in project management and the positive impact on end-users. The £420 million ...
22/11/2024
South Lanarkshire Council's £10 million fire safety improvement programme has reached a significant milestone, with CCG (Scotland) completing installations in over 1,700 high-rise residences across East Kilbride and Cambuslang. The Glasgow-based construction firm has been working closely with the ...
22/11/2024
SSEN Transmission, a key player in the UK's energy transition, is set to further expand its workforce and move into a new, sustainable office space in Glasgow. The company's commitment to net zero and the increasing demand for green energy workers has led to significant growth, with the number of ...
22/11/2024
Scottish Water is investing in the upgrade of its Loch Eck clean water plant in Dunoon. The project involves replacing outdated dry well pumps with new, more reliable pumps capable of operating in both wet and dry conditions. WGM Engineering, an RSK Group company, has been tasked with carrying out ...
22/11/2024
Scottish Land & Estates has expressed serious concerns over the Scottish Government's Land Reform Bill, particularly the provisions that would allow ministers to force landowners to sell large estates in lots. Sarah-Jane Laing, the organisation's chief executive, stated that while the land-based ...
22/11/2024
Clark Contracts employees have once again shown their commitment to community engagement by volunteering at Silverburn Park in Leven. On Thursday, 21st November, 16 members of the team spent their day planting over 400 trees and carrying out other landscaping tasks. This latest volunteering effort ...