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Ryden completes the sale of multi-let industrial investment in Cambuslang, Glasgow for £1.125m

3rd February 2020

Acting on behalf of Danobe, Ryden has sold the Heritable Interest in Block 9, Clydesmill Industrial Estate, Cambuslang, Glasgow to Cable Properties and Investments Limited for £1.125m, reflecting a net initial yield of 7.75% and a capital value rate of £85 psf.

The property comprises a terrace of five units totalling 13,187 sq ft, with unit sizes ranging from 1,864 sq ft to 3,816 sq ft. It is also part of Cambuslang Investment Park, located approximately 6 miles south east of Glasgow City Centre.

The premises are fully let to tenants including Craighead Building Supplies Ltd and Clyde Document Imaging Ltd with a WAULT of 7 years to expiry and 5.6 years to break.  

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

''Given the strong prevailing demand for industrial stock as well as the asset's prime location, the property was very well received within the market and attracted around half a dozen bids at closing date.''

Ryden represented Danobe in this transaction, while Avison & Young acted on behalf of Cable Properties and Investments Limited.

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.

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