Riverpark Industrial Estate is located in the town centre of Linwood, adjacent to the Tesco Superstore, with easy access onto the M8 via the A737. The estate comprises 24 units and extends to 154,132 sq ft, with units ranging in size from 1,900 – 52,000 sq ft. The passing rent is currently £342,586 p.a. (average of £2.20 psf).
22-28 Carmyle Avenue is located in Cambuslang, less than 3 miles to the east of Glasgow city centre, with direct access onto the M74 at Junction 2A. The estate extends to approximately 20,709 sq ft across 4 units, with the units of c. 5,000 sq ft. The passing rent is currently £83,041 p.a. (average of £4.00 psf).
Whitegates Industrial Estate is located adjacent to Kirkintilloch’s town centre in close to a number of new build residential developments. The estate comprises 5 units and extends to 7,883 sq ft, with units ranging in size from 1,200 – 2,400 sq ft. The passing rent is £40,941 p.a. (average of £5.19 psf)
Jamie Addison-Scott of Galbraith commented:
The acquisition of this portfolio satisfies our client’s investment criteria as well as providing diversity via the location of the industrial estates. Shed5 were able to act decisively on this off-market acquisition and are eager to engage with the tenants in carrying out their asset management strategy.
Galbraith and Thorntons advised Shed5.