Duncan & Todd’s Aberdeen HQ sold in £1.75m investment deal

Duncan & Todd's Aberdeen HQ sold in £1.75m investment deal

Duncan & Todd’s head office building

In a transaction brokered by Shepherd Chartered Surveyors for FWM Investments, the Aberdeen-based headquarters of optician Duncan & Todd has been sold to a private property firm for £1.75 million, reflecting a 7.5% yield.

Occupying a total of 15,400 sq ft, the property at Unit 4 Kirkhill Commercial Park is split into 5,400 sq ft of office space and a 10,000 sq ft workshop. Additionally, it features a secure concrete yard covering 7,150 sq ft.

Chris Grinyer, managing partner at Shepherd, said: “The property is let to Duncan & Todd, which occupies the offices as its head office, while the workshop accommodates its manufacturing services which supplies both its own branch network, as well as other opticians.

“We have experienced good levels of interest in investment property from both the domestic market as well as foreign funds. This sale demonstrates a continuation of confidence from investors in the Aberdeen property sector.”

The deal represents the second investment sale Shepherd has completed on behalf of FWM in the last 12 months. The purchaser was represented by AMRO Commercial.

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