Industrial Investment Acquisition
8th June 2006
On behalf of a private Northern Irish investor, Ryden has acquired the long leasehold interest in 1 Livingstone Boulevard, Hamilton International Technology Park, Hamilton.The building comprises a modern high quality unit extending to 37,332 sq.ft. The property is let to Trifast Plc on an FRI lease expiring in 16 December 2013. The next rent review is December 2008.The purchase price is £2,915,000 reflecting a net initial yield of 6.25% after allowing for purchasers’ costs.The vendor is a private client of Cushman Wakefield.
