News

FG Burnett is delighted to confirm the sale of the former Millennium Health & Leisure Club in St Andrew Street Peterhead to local Peterhead business George Donald (Warehouseman) Ltd. David Henderson, Surveyor comments: “We were pleased that the sale of the property completed in a relatively short period time having only been brought to the market last November.  This sale along with other recent commercial transactions in Peterhead town centre shows that demand does exist in what can be perceived as a challenging market.”

TJ Hughes are confirmed as a new anchor at Wellgate Shopping Centre in Dundee. The Liverpool based discount department store which has been in existence since 1925 has agreed to a new 15-year lease on a 53,888 sq ft (5,006 sq m) retail unit, located at the main entrance to the centre. The flagship letting comes quickly on the back of agreeing a new lease with the discount gym operator, Xercise4Less, which has taken 31,000 sq ft (2,880 sq m) on the second floor on a 12 year lease. It is anticipated Xercise4Less will be open for trade by the … Read More →

FG Burnett is delighted to have acted on the sale of the Starbucks Drive Thru investment at Westpark, Blackburn, on behalf of South Fornet Estates. The coffee giant opened at Blackburn at the end of 2017 and the concept is proving extremely popular – the high profile roundabout location on the A96 has been a huge hit. Dave Macleod of FG Burnett acted on behalf of South Fornet Estates and said “We had 8 bids at the closing date from investors across the UK, testimony to their belief in a sector which is growing quickly, both in terms of existing operators and … Read More →

FG Burnett selected Marie Curie as their nominated charity for 2017 and organised a series of fundraising events throughout the year. The company was delighted to present Carolyn Snedden, Fundraising Manager – North Scotland with a cheque for £4,500, which will be used to support Marie Curie’s vital services in Aberdeen City and Shire. Marie Curie nurses provide day and night in-home care and support for people living with terminal illness and provide emotional support to family members at an incredibly difficult time.  In addition to in-home care, Marie Curie also provide specialist round-the-clock care via their hospice network.

FG Burnett is delighted to have been appointed by Countesswells Development Limited to its panel of commercial property advisors.  In the role, the company will advise on and market the diverse commercial property opportunities at Countesswells; Aberdeen’s newest community. Countesswells is a new town that will eventually comprise 3,000 homes, two primary schools and an academy, community facilities, retail and businesses, alongside civic spaces and a mix of landscaped and informal green space for around 7,000 people on a 400 acre site. There will be two main mixed-use neighbourhood centres with retail and commercial opportunities for FG Burnett to work … Read More →

FG Burnett are delighted to have been involved in another investment sale for Drum Property Group at Prime Four Business Park in Aberdeen. Golden Globe Merchants has bought Statoil House for £18.7m, a net initial yield of 6.17%. The 45,797 sq.ft office is let to Statoil (UK) Ltd until 31st March 2032, with an annual rent of £1,225,069.75 per annum and guaranteed rental growth through fixed rental uplifts of 2.5% compounded in October 2020, 2025 and 2030.   BNP Paribas Real Estate UK represented Golden Globe Merchants and JLL, Ryden and FG Burnett acted on behalf of Drum Property Group. Dave MacLeod … Read More →

FG Burnett are delighted to be instructed on the sale of the industrial investment in Blackburn let to Online Electronics Limited.  Online were formed in 1996 and are an International Pipeline Solutions Specialist, part of the Norwegian IK Group.  They have operations in the UK, USA, Brazil, Singapore, Dubai, Norway and Australia. Dave MacLeod is handling the sale on behalf of private clients, after Graeme Watt acted on the letting of the property.  Dave said  “At offers over £950,000, this offers a net initial yield of 9.5%, which will catch the eye of private investors.  Blackburn is already a busy … Read More →

FG Burnett are delighted to be instructed on the sale of the investment of the new Starbucks Drive Thru at Blackburn.  Dave MacLeod is handling the sale on behalf of Westpark, after Richard Noble acted on the pre-let of the development to the coffee giant.  Dave is sure this will appeal to private investors seeking to secure long term income.  Dave said  “This is a rare opportunity to acquire an investment in one of the UK’s fastest growing sectors and the fundamentals are excellent – a roundabout location on one of the region’s main trunk roads, a location which will … Read More →

TO LET Substantial retail premises in Inverurie Town Centre. Total floor space of 6401 sq ft with 5300 sq ft at ground floor level. Capable of Sub Division. Private car parking. Further information from Richard Noble or David Henderson.

FG Burnett is pleased to be marketing the retail investment at 8 Chapel Street in Aberdeen.  Dave MacLeod is handing the sale and believes it will prove a popular opportunity for private investors.  Dave comments “We acted on behalf of our client earlier this year to let the shop to Tiger Lily Boutique, a successful womenswear fashion retailer based in Broughty Ferry.  The investment is now for sale at offers over £220,000, with an annual rent of £20,500 per annum.  This would give an investor a net initial yield of 9.1%, which is an attractive return for a really prominent … Read More →