Two industrial units bought for £1.2m at Calder Park, Coatbridge
5 September 2011
Acting on behalf of a private investor client, Ryden has acquired the long leasehold interest in two modern multi-let industrial investments at Calder Park, Coatbridge.
The buildings, namely Unit 7B and 7C, extend to approximately 22,356 sq ft and 13,505 sq ft respectively and are let to TNT and McGregor Young on short to medium term income profile with a total rent roll of £163,000 per annum.
The combined purchase price is £1.2m, reflecting a net initial yield of 12.84%.
Lambert Smith Hampton and Smiths Gore acted for the vendor, a private client managed by Tritax Assets.
