A fully let retail park just outside Aberdeen has been put up for sale - with an asking price of just over £18million.

Portlethen Retail Park, which boasts more than 107,000 sq ft of warehouse space across four units let to Aldi, Home Bargains, Matalan and B&M, is for sale through agents Sheridan Keane.

With an asking price of £18,150,000, the park currently brings in more than £1.3million a year in rent, equating to a yield of 7%.

The sales brochure highlights the site's "prime location" just seven miles south of Aberdeen on Muirend Road, serving a catchment population of half a million people.

It states: "The park provides the main shopping provision for the town and surrounding area and benefits from being anchored by a 65,000 sq ft ASDA supermarket with PFS and a 3,500 sq ft McDonald’s drive-thru restaurant.

"Portlethen has a retail catchment residential population of 500,000 and a £19million comparison goods market.

"There are 127,919 households within 30 minutes of the park and 73% of residents come from the top three most affluent Acorn categories. The park is easily accessible from the town centre and is situated only 0.6 miles from Portlethen Rail Station."

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