Lismore Real Estate Advisors acted for Hazledene House Limited on the disposal of 196–206 Union Street, Aberdeen to Sheet Anchor Commercial Property Limited, part of M Core, for £2,750,000.
The property comprises a prominent retail parade extending to approximately 27,959 sq ft, located on Aberdeen’s principal retail thoroughfare and in close proximity to Union Square, Bon Accord and Trinity Shopping Centres.
The asset is anchored by Co-operative Foodstores Limited, which accounts for over 50% of the income, alongside a mix of national and local occupiers including Subway, British Heart Foundation and Barnardo’s, providing a diversified and resilient tenant line-up. The property generates a total passing rent of £355,400 per annum, with attractive income security reflected in a WAULT of just over 7 years to expiry.
The transaction reflects continued investor appetite for well-let retail assets offering secure income profiles and exposure to strong national covenants, particularly in prominent high street locations.
For more information on this transaction, please contact the Lismore team.