NEWS

You are here

Ryden completes the sale of a modern trade unit in Thornliebank Industrial Estate, Glasgow

18th October 2019

Acting on behalf of a private Irish investor, Ryden has successfully completed the sale of a modern trade counter investment on the south side of Glasgow for c. £790,000 representing a net initial yield of 6.7%.

The property, which consists of a 10,149 sq ft unit located at 101 Spiersbridge Lane, Thornliebank Industrial Estate, has been purchased by a private Irish client represented by CBRE.

It is currently let to Howdens Joinery Properties Limited on FRI terms expiring in May 2026 and a passing rent of £55,858 per annum (£5.50 psf).

Thornliebank Industrial Estate is a well established estate, home to a number of national and local occupiers and is situated approximately seven miles from Glasgow City Centre with excellent access to the motorway network across central Scotland.

Derek Archer, Investment Associate at Ryden, commented on this deal:

“With current positive dynamics within the industrial sector, there was strong investor interest in this asset which contributed to a very pleasing outcome for our client on the sale''.

 

Categories Deals Investment

Derek Archer

Derek specialises in the sale and acquisition of investment properties covering most commercial sectors and the provision of asset management advice to clients with a view to maximising the value of client assets.

His experience covers a diverse client base working with property companies, main stream financial institutions and private investor clients in terms of providing investment and asset advice and disposing and acquiring assets for a range of clients.

More news from Deals...

OURAWARDS

We pride ourselves on being a market leader and have been recognised for our achievements by the property industry.