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Investment property, tenanted commercial space

Peterhead, AB42 - Get Access

Description

Tenanted commercial property previously let to Original Factory Shop, situated on the north side of Erroll Street close to its junction with Marischal Street and Love Lane within the town of Peterhead. The property comprises the ground floor of a larger two-storey modern development surmounted by a pitched roof, extending to a total internal area of approximately 398.5 sq m (4,290 sq ft). The space offers a substantial frontage with multiple display windows and a double-door entrance at the easternmost side of the development. Internally, the accommodation is lit by fluorescent strips and halogen spots recessed within a suspended acoustic tile ceiling, with ceramic tile flooring. Partitions have been erected to form a storage area, male and female W.C. facilities, staff tea preparation area, and an office. Peterhead is located approximately 32 miles north of Aberdeen on the A92 linking through to Fraserburgh, with a resident population of circa 24,000 persons. Traditionally focused on the fishing industry, Peterhead acts as a major service centre for the fishing, oil, and gas industries.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 4,290 sq ft (Listing)

This commercial retail property was valued by analysing regional high street retail capital values per square foot across Peterhead and surrounding Aberdeenshire towns. The property features a prominent town centre location with substantial window frontage and an internal area of 4,290 sq ft. Condition is assessed as fair overall, with minor shop front refreshment recommended. Floor area is derived from the internal measurement source.

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