News

Location:  Forres – Prime High Street Size:  1,500 – 2,000 sq.ft Tenant:  National Covenant Tenure:  Freehold or Leasehold Contact:  David Henderson 01224 597538 david.henderson@fgburnett.co.uk

FG Burnett is delighted to announce the letting of a refurbished industrial facility at Five, Wellington Trade Park, Wellington Road, Aberdeen to electrical engineering contractor, Quartzelec on a 5 year lease deal. Acting as joint agent with Knight Frank on behalf of the Landlord, CBRE Global Investors, Graeme Watt, director at FG Burnett said “We were delighted to secure Quartzelec as a tenant in Wellington Trade Park, adding to the tenant mix which already includes Halfords, Dominoes, Screwfix and Topps Tiles. We hope to confirm further lettings soon in what is becoming an ever more vibrant commercial centre to the … Read More →

FG Burnett is pleased to announce the letting of 13 Marischal Street, Aberdeen to Bydand Defence Solicitors for an initial period of 5 years. Acting for the Landlord, FG Burnett Surveyor David Henderson said “Having been involved in many lettings across Scotland, from a marketing perspective, this property was amongst the most immaculately presented that I have seen.  Located adjacent to the court buildings, Bydand will be well placed to grow their practice and we wish them every success for the future.”  

FG Burnett is delighted to announce the letting of a number of vacant units in Elgin’s town centre. 55 High Street has been let to a café/restaurant operator on the basis of a 5 year lease and 61/63 & 65 High Street have been let to Quarriers, one of Scotland’s largest social care charities, for an initial period of one year. In recent years Elgin’s town centre has experienced challenges with a number of vacant retail units being marketed for lengthy periods of time. This back drop is synonymous with many High Streets across the country as retailers have focused … Read More →

Aberdeen City Council has finally approved a £4.2 million local package of business rates relief to limit the impact of the 2017 Rates Revaluation on hard-pressed businesses within the City. Currently, the Scottish Government transitional relief scheme applies only to the hospitality sector and offices in Aberdeen City and Aberdeenshire. The additional local package will extend the 14.75% cap on increases in rates payable to all other property types – this will be particularly welcomed by occupiers of large industrial premises in the City where the recent Revaluation has typically resulted in RV increases of c. 40%. It is not … Read More →

FG Burnett is delighted to announce two key internal promotions. Scott Strachan, who heads up the firm’s Rating Department is promoted to Director.  Scott joined the company over 26 years ago as a Surveyor and steps up from Associate.  Scott is hugely respected for his knowledge and wealth of experience in the area of Business Rates, having been involved in 7 rating revaluations.  Scott also provides rating advice to oil and gas clients in relation to specialist energy sector installations. Derek Richardson, Head of Valuation also moves up from Associate to Director.  Derek joined the company in 2014 and is … Read More →

Osborne King and FG Burnett have acted on behalf of Rhino Investment Management on the sale of Haudagain Retail Park in Aberdeen.  Haudagain occupies a strategic, high profile location on Aberdeen’s trunk road network and is let to KFC, Carphone Warehouse, Maplin, American Golf and High Seat. The investment has been acquired by a private investor for £2.7 Million, reflecting a net initial yield of 8.7%. Dave McClure of Osborne King said “The quality of tenants and unexpired lease terms is an ideal combination for private investors and property companies. “ Dave Macleod of FG Burnett said “The majority of … Read More →

We are delighted to announce the selection of Marie Curie (UK) as our nominated charity for 2017.  Over the course of the year, we will be carrying out various fundraising events in support of the charity’s local branch and also provide volunteers to help out at local Marie Curie events.        

Aberdeen City Council (ACC) will issue new annual rates bills this week, based on new Rateable Values.   National Transitional Relief (NTR) announced by Derek Mackay, Finance Minister, in February this year will not be automatically applied.  An application will have to be lodged by any rate payer who qualifies for the Relief.  The position regarding a local transitional relief package for Aberdeen City remains unclear as we understand communications are still on-going between ACC and the Scottish Government. Aberdeenshire Council are likely to issue rates bills before the end of this month.  Local Transitional Relief will be applied to these … Read More →

Following a statement by the Finance Secretary, Derek Mackay, on Tuesday it has been confirmed that a Scotland-wide business rates relief scheme will be available to hospitality operators and renewable companies.  In addition, a localised package will be made available to over 1,000 offices in Aberdeen and Aberdeenshire.  Whilst we await the details of these proposals, the support package has been confirmed to include: – A cap on any increase to rates bills in 2017/18 of 12.5% for hotels, pubs, restaurants, cafes and other accommodation. – A cap on any increase to rates bills in 2017/18 of 12.5% on more … Read More →