Get Started
Milngavie, Glasgow

Aldi Stores and Home Bargains



The Aldi and Home Bargains in Milngavie, Glasgow, was acquired for £11.70m on 17 December 2021 at an acquisition yield of 4.86%. The property comprises a recently refurbished, modern Aldi food-store and a Home Bargains retail warehouse totalling 36 997 sqft. The weighted average unexpired lease term is 13.5 years and the overall rental of £606 211 psft compares to the estimated market rental value (ERV) of £631 000 psft, which is favourably below market. Anchored by an index-linked Aldi food-store accounting for 57% of the total income, combined with a long income Home Bargains retail warehouse accounting for 43% of the income, this investment offers attractive real estate, covenant and lease metrics.


Milngavie, Glasgow

Building use

Food-store and retail warehouse

Size of building

36 997 sqft


Aldi Stores Limited and T.J. Morris Limited (trading as Home Bargains)

Lease expiry date

Aldi 2 June 2039. Home Bargains 2 June 2034. WAULT 13.5 years.

Acquisition yield


Type of lease

Fully repairing and insuring (ie tenant responsible for all operating costs).


Further holdings

How to invest

Discover more